CCS Fundraising, a supplier of strategic fundraising consulting, proudly publicizes the publication of the 2024 Philanthropic Panorama, providing a complete evaluation of the newest traits and developments shaping philanthropy in america. Because the thirteenth version of the annual report that serves as a useful resource for nonprofits and associations, this 12 months’s findings delve into key areas, such because the resilience of donor generosity, the rise of company philanthropy, the continued adoption of AI, and the affect of political dynamics on charitable giving.
The report gives well timed insights into the philanthropic sector, showcasing that regardless of financial uncertainties and inflation, U.S. charitable contributions in 2023 reached an unprecedented $557.2 billion in present {dollars}. The findings spotlight the unwavering dedication of donors throughout sectors, with 9 out of ten charitable sectors exhibiting progress.
Tom Kissane, Vice Chair of CCS Fundraising and Govt Sponsor of the 2024 report, emphasised the significance of adaptability and innovation in in the present day’s philanthropic panorama: “What we’re witnessing is a testomony to the resilience of the nonprofit sector. Regardless of financial and geopolitical challenges, donors and organizations are discovering inventive methods to attach and drive influence. This 12 months’s report captures not solely the traits however the spirit of collaboration and ingenuity which can be important in in the present day’s setting.”
The report discusses extra important findings from throughout the sector of philanthropic analysis, together with:
- The highest international philanthropy causes in 2023 included catastrophe reduction, well being, and human rights.
- Although particular person giving, the biggest share of complete giving, grew by 1.6%, complete donors dropped 3.4%.
- North America was once more house to essentially the most excessive internet price people.
- Basis giving surpassed $100 billion for the second 12 months in a row.
- There are actually an estimated 2 million Donor-advised Funds (DAFs) within the US.
- Company philanthropy as a giving supply elevated to $36.3 billion however remained the smallest share of complete giving.
- Charitable giving has elevated in 9 of the final ten presidential election years.
- Constructing 4 pillars of AI readiness – Folks & Tradition, Centralized Information, International Information Governance, and Ethics & Safety – can improve fundraising success.
“The speedy integration of AI into fundraising is reworking how nonprofits have interaction with their donor bases.” mentioned Christina Mathis, Senior Vice President of CCS and Co-Chair of the report. “Digital platforms should not solely enhancing communication however are additionally unlocking new potential for long-term donor retention and relationship constructing. This report serves as a information for organizations to harness these applied sciences whereas staying mission-focused.”
Along with the numerous deal with innovation, Adam Miller, Managing Director of CCS and Co-Chair of the report, highlighted the influence of worldwide and nationwide dynamics: “Philanthropy within the U.S. continues to guide globally, however we’re more and more influenced by worldwide traits. This 12 months’s report explores the intersection of native giving with international influence and the potential results of an election 12 months on donor habits. We purpose to equip nonprofits with the info and insights wanted to navigate these complexities efficiently.”
The 2024 Philanthropic Panorama Report contains new chapters on sector-specific giving, giving throughout an election 12 months, and creating an AI-ready tradition inside nonprofits. With skilled insights and data-driven evaluation, the report serves as a pivotal useful resource for nonprofit leaders, improvement professionals, and philanthropists looking for to maximise their influence within the coming 12 months.
The previous press launch was supplied by an organization unaffiliated with NonProfit PRO. The views expressed inside don’t straight mirror the ideas or opinions of the employees of NonProfit PRO.
