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December 2010: Are We Giving In A Charitable Giving Crisis?

December 2010: Are We Giving In A Charitable Giving Crisis?

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Published by SingerLewak
When presenting the audit results to various nonprofit clients, I usually get asked what the trends are in the nonprofit world for the next year or so, and invariably the topic of conversation turns to the ebb and flows of charitable giving and how the economic recession has affected this giving. The next question on nonprofit board’s minds is – Are we in a charitable giving crisis?
My response generally is no – we aren’t in a crisis, although businesses and individuals hit hardest by the economy’s slide have shifted charitable giving patterns to long-term pledges and gift commitments, rather than ceasing to give altogether.
When presenting the audit results to various nonprofit clients, I usually get asked what the trends are in the nonprofit world for the next year or so, and invariably the topic of conversation turns to the ebb and flows of charitable giving and how the economic recession has affected this giving. The next question on nonprofit board’s minds is – Are we in a charitable giving crisis?
My response generally is no – we aren’t in a crisis, although businesses and individuals hit hardest by the economy’s slide have shifted charitable giving patterns to long-term pledges and gift commitments, rather than ceasing to give altogether.

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Published by: SingerLewak on Apr 09, 2011
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05/16/2011

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When presenng the audit results to various nonprot clients, I usually get asked what the trends are inthe nonprot world for the next year or so, and invariably the topic of conversaon turns to the ebb andows of charitable giving and how the economic recession has aected this giving. The next queson onnonprot board’s minds is – Are we in a charitable giving crisis?My response generally is no – we aren’t in a crisis, although businesses and individuals hit hardest bythe economy’s slide have shied charitable giving paerns to long-term pledges and gi commitments,rather than ceasing to give altogether.Benchmarking studies performed by numerous philanthropic associaons reveal that the most eecvefundraisers use a variety of well-rounded programs and acvies to raise money, shaering the myth thatbig cket galas, golf tournaments, and telethons are the only way to aract donors. The most successfulphilanthropic programs have a sustained emphasis on building relaonships and culvang major gi do-nors. Long term planned giving, such as charitable remainder trusts and bequests giving become morepopular as opposed to one me cash gis.An interesng but not well known fact is that charitable giving actually increased during the Great De-pression in the United States. The data indicates that from 1931-1933 there was a signicant drop ingiving, followed by a slow but steady increase from 1934-1941 (thereaer followed by a sharp increasefrom 1941-1948). Overall, giving trended erracally upward during the Depression due to in large part toplanned giving as individual’s deferred income rose at a faster rate than current giving declined. Be-
ARE WE IN A CHARITABLE GIVING CRISIS ?
 Jeff Holt, CPA - Partner, Assurance & Advisory Practice
DECEMBER 2010 

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