Data Point: Foundation Donations Dip
It’s the first decline seen in foundation donations in a number of years, according to the Giving USA Foundation.
Many associations have foundations that foster giving in their field. Donations to foundations declined in 2018, according to the most recent Giving USA report, down 6.9 percent from 2017 in real dollars (9.1 percent in inflation-adjusted dollars). This marks the first decline for giving to foundations in recent years. “Giving to foundations is typically volatile from year to year, reflecting both the economic climate and contributions of exceptionally large gifts by both living donors and estates,” the report says.
Giving to Foundations by Year
2015: $38.46 billion
2016: $39.72 billion
2017: $54 billion
2018: $50.29 billion
Source: Giving USA Foundation, Giving USA 2019: The Annual Report on Philanthropy for the Year 2018
(siraanam wong/Getty Images)
The Associations Now team of editors covers all aspects of association management in print, blogs, and daily news. MORE
Got an article tip for us? Contact us and let us know!
Comments