Vanguard Charitable Forecasts Another Record Giving Year
Vanguard Charitable announced that granting increased 14% over the first half of 2022, totaling a record of $952 million. Donors distributed 83,838 grants with an average grant amount of $11,354, a 7% and 6% increase, respectively, compared to the first half of 2021. To date, Vanguard Charitable has granted over $14 billion to nonprofits since its inception in 1997.
"We are inspired by our extremely generous donors," said Rebecca Moffett, president of Vanguard Charitable. "Giving must continue during times of economic uncertainty to support those most in need, but maintaining a giving strategy is not always easy to do during these times. Our donors understand this and remain committed to giving due to the flexible nature of DAFs. The increase in granting we have seen so far this year exemplifies how our donors continue to provide a sustainable pipeline of funding to the cause areas and charities close to their hearts."
The increase in giving is in part a result of donors supporting disaster relief efforts in addition to their ongoing giving priorities. While continuing to support disaster relief and other causes domestically, over the past 6 months, donors have focused heavily on the humanitarian crisis in Ukraine. Vanguard Charitable donors, leveraging the fast and responsive nature of DAFs, have granted nearly $60 million to Ukraine relief nonprofits in the first half of 2022.
Including Ukraine relief, during the first half of 2022, the top cause areas supported by Vanguard Charitable donors were:
- Human Services: Nearly 26,000 grants, totaling 31% of overall giving and a 24% increase over the same time last year
- Religion: Over 20,000 grants, totaling 25% of overall giving
- Education: Over 12,000 grants, totaling 15% of overall giving
- Health: Over 9,000 grants, totaling 11% of overall giving
Overall, the top nonprofits supported were Doctors Without Borders, World Central Kitchen, International Rescue Committee, Direct Relief, and UNICEF.
"Every day, Doctors Without Borders/Médecins Sans Frontières (MSF) delivers medical and humanitarian aid to people in more than 70 countries. We provide medical care where it is needed most, both through longstanding programs and emergency response activities," said Kim Goldsmith-N'Diaye, Director of Development at MSF-USA. "Generous support from donor-advised funds like those offered by Vanguard Charitable enables us to respond wherever we are needed, from high-profile emergencies like the war in Ukraine to the neglected malnutrition crisis in northern Nigeria and beyond."
Throughout Vanguard Charitable's 2022 fiscal year, from July 1, 2021, to June 30, 2022, donors gave a record total of $1.9 billion to nonprofits. Giving patterns followed a similar trajectory as the first half of calendar year 2022, with top granting areas including human services, religion, education, and health.
Of note, donors continue to support solutions to the perennial challenge of hunger and homelessness domestically, which has only been exacerbated by current economic pressures including inflation and the housing crisis. In December 2021, Vanguard Charitable launched NAVi for Hunger & Homelessness, which was developed to better connect donors with nonprofits in their local communities and those operating in geographic areas struggling with homelessness and hunger. This interactive web-based tool has helped to increase awareness and support of organizations addressing these critical needs. In fact, during this past fiscal year, Vanguard Charitable donors have given:
- $219 million to nonprofits supporting hunger and homelessness, a 4% increase compared to the previous year.
- $12 million more than the previous year to nonprofits specifically addressing hunger, a 12% year-over-year increase.
- Nearly 1,000 more individual grants to nonprofits fighting hunger and homelessness when compared to the previous year.
The preceding press release was provided by a company unaffiliated with NonProfit PRO. The views expressed within do not directly reflect the thoughts or opinions of NonProfit PRO.