Newly released philanthropy report reveals decreases in giving that may, in part, be due to tax policy changes.
Individual giving took a hit in 2018, with a decline from the previous year of 1.1 percent (or a decrease of 3.4 percent when adjusted for inflation), according to Giving USA 2019: The Annual Report on Philanthropy for the Year 2018—a highly anticipated study produced by Giving USA Foundation in partnership with the Indiana University Lilly Family School of Philanthropy.
Further, in spite of giving by individuals as a category achieving its third-highest dollar amount on record (adjusted for inflation), its percentage of total overall giving dropped by 2 percent, down to 68 percent in 2018 from 70 percent in 2017, stated a Giving USA press release.
“This year is the first time giving by individuals has fallen below 70 percent of overall giving since at least 1954,” the Giving USA report stated.
For churches, this development is significant since giving primarily comes from ...