Changes to the tax code have made many of us in the non-profit world anxious: Without a tax incentive, will individuals be as inclined to donate? The first data is in.
Here's a breakdown of some of the giving changes from 2017 to 2018:
Giving by individuals dropped 1.1%, or 3.4% when adjusted for inflation.
Corporate giving increased 5.4% (2.9% adjusted).
Foundation giving increased 7.3% (4.7% adjusted).
Specific fields that saw decreased giving include religion, education, human services, and giving to foundations and public society benefit organizations. Health as well as arts, culture, and humanities saw small increases in nominal dollars which translated to a slight decrease when adjusted for inflation.