3 ways charitable giving is likely to change in 2019 - Adam Gant
0 likes94 views
In 2019, charitable giving is expected to evolve due to tax law changes and technological advancements, leading to larger but less frequent donations. Donors may utilize a strategy called 'bunching' to maximize their deductions, while the rise of online fundraising is making it easier to contribute to causes. However, a concentration of donations among a small percentage of donors could leave smaller local charities facing financial challenges.
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)
- 6. Thank You! For more information Please visit AdamGant.org