Atlas of Giving recently announced results from its 2011 report on charitable giving. The report outlines charitable giving in the United States from 2011 and details how giving expanded at a faster rate than overall economic growth for the year. According to the report, total giving to U.S. nonprofits rose 7.5% in 2011, an increase of $24.2 billion over the 2010 total of $322.69 billion and its forecast shows that overall giving is expected to grow 3.9% in 2012 to $360 billion, a slower rate than 2011 growth.
“2011 giving growth was fueled by strong stock market performance through July, low interest rates, an improving economy, modest inflation, and aggressive solicitation” Rob Mitchell, Atlas of Giving CEO, said. “However, the increase was not enjoyed by all nonprofits. Organizations that rely on many small gifts from many small donors are still greatly impacted by the effects of continuing high unemployment.”
The forecast is expected to change as events unfold during the year. Natural and man-made disasters, economic events, and many other things affect the velocity and trajectory of charitable giving results. The Atlas of Giving actively monitors the factors affecting giving and provides monthly updates of the forecast to account for these. Read the rest of this entry