Adam Gant discusses 3 ways charitable giving is likely to change in 2019 in this in-depth presentational blog. For more information, please visit AdamGant.org!
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3 ways charitable giving is likely to change in 2019 - Adam Gant
1. ADAMG ANT. O R G
3 WAYS CHARITABLE
GIVING IS LIKELY TO
CHANGE IN 2019
Presented by Adam Gant
2. Introduction
Humanitarian crises, natural disasters, disease outbreaks – the
needs today as pressing as ever, but the way we give is evolving.
Thanks to tax law and technology, along with changing
consciousness and shifting social mores, philanthropy experts say
there are notable shifts in where, when and how Americans open
their wallets to charitable causes.
C
A D A M G A N T . O R G
3. Giving bigger
donations, but
less
frequently.
OUR MEANINGFUL STORY
Charities and non-governmental organizations, or NGOs, are watching carefully
to see if the doubling of the standard deduction under the Tax Cuts and Jobs Act
of 2017 changes how – and how much – we give.
Our potential change is that people could switch to giving every other or every
the third year instead of annually, a tactic called “bunching” that would let them
itemize in their giving years to get the deduction and take the standard
deduction in other years.
A D A M G A N T . O R G
4. Using technology to
mobilize support
If you feel like you’ve seen more notifications in your Facebook feed
that someone is raising money for a good cause to celebrate a birthday
or other milestone, you’re probably right.
This growth is a confluence of two trends. The desire of donors to
personalize their giving, and advances in technology that makes giving,
or asking others to give on your behalf, as easy as typing up a heartfelt
message and hitting “enter.”
A D A M G A N T . O R G
5. People are going to top one-half of 1% will be giving about 30% of all charitable
dollars. Although there is a drawback in that funding is funneled to a smaller
pool of recipients or causes. This, combined with the proliferation of charities at
the grassroots level, may leave smaller non-profits feeling pinched. Charities at
these local levels are going to feel that they’re facing greater financial challenges
in their fundraising, and the reason is that the number of charities continues to
expand dramatically. The total amount of dollars can be given to any local
charities still, and furthermore, they can be divided up more.
The growing
clout of big
donors (for
better or
worse)