There is some great news in Giving USA Foundation’s 2017 report for crowdfunding – individuals were the biggest contributors to charity in 2016. In fact, they contributed more than estates, corporates, foundations and other such organizations.
The overall giving by Americans in the year was estimated to be $390.05 billion. This was 2.7% more than 2015’s annual giving of $379.89 billion. Donations by individuals, which rose by 4%, was the biggest contributor to this rise. Free fundraising on Crowdera can help raise this contribution even more.
“Individual giving continued its remarkable role in American philanthropy. Even in a year that included a turbulent election season that reflected a globally resurgent populism. In this context, the absence of a dramatic change in giving is perhaps remarkable. But it also demonstrates the need for us to better understand the multitude of individual and collective decisions that comprise our record of national giving,” ,” said Amir Pasic, Ph.D., the Eugene R. Tempel Dean of the Lilly Family School of Philanthropy in a press note issued by the foundation.
HIGHLIGHTS OF GIVING USA 2017:
- Giving by individuals grew at a higher rate than the other sources of giving, outpacing giving by foundations and by corporations, and offsetting the sharp decline in bequests.
- Giving by individuals totaled an estimated $281.86 billion, rising 3.9 percent (2.6 percent adjusted for inflation) in 2016.
- Education giving saw relatively slower growth (3.6 percent) compared to the strong growth rates experienced in most post-recession years. In each of the years 2014 and 2015 education giving grew by more than 8 percent.
- Giving to international affairs, human services and public-society benefit organizations all grew. This growth is in spite of relatively few widely publicized natural disasters, which often increase contributions to these types of organizations.
- Environment and animals charities; arts, culture and humanities organizations; international affairs nonprofits; and health causes experienced the largest jumps in contributions.
- Unallocated giving was negative $1.46 billion in 2016. This amount can be considered as the difference between giving by source and by use in any particular year.