The Street – Risks and Rewards With Donate Now, Pay Later Charitable Giving Model
It’s no surprise that charitable giving is down in the US right now — not when high prices have diverted consumers’ attention and dried up possible sources of donation cash.
Just how bad is the U.S. charitable giving drought?
Consider that fewer than half of all U.S. households give to charity, falling from 66% in 2000 to 50% in 2018 — and that’s when the nation’s economy was humming along.
Four years later, Americans did pitch in with ample cash donations during the pandemic, but inflation ate into most of that charitable giving growth.
According to BWF and The Giving Institute, the total estimated charitable giving in the United States reached $484.85 billion, representing a growth rate of 4% between 2020 and 2021. When adjusted for inflation, however, the actual charitable giving growth rate fell by 0.7%, which left significantly fewer dollars for needy charitable organizations. Read More