Giving Expected to Rise Minimally in 2013
Giving Expected to Rise Minimally in 2013

The Atlas of Giving has provided the philanthropic sector with the pessimistic estimate that giving will rise only 1.6% in 2013; one of the lowest fundraising projections in the past 50 years. Atlas attributes these trends to factors such as declining success in the stock market, high unemployment, and changing costs involving health insurance. As Atlas explains “the less people take home, the less they have to give” (The Chronicle of Philanthropy, 2013). Further worry stems from the possibility that Congress could regulate tax benefits that would otherwise motivate giving. These prospects seem especially bleak after the success fundraising experienced in 2012 following the belated rally of the Wall Street economy, large contributions made by well-known philanthropists, and an increase in funding to environmental, education, and human services charities.

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