2015 showed a strong increase in charitable giving; 2016 is expected to see the trend of charitable giving rise, but with a more modest growth percentage.
"Charitable giving is expected to rise 2.6 percent in 2016, to $489.8 billion, according to a new report.
"Giving is expected to be modest as a result of recent turmoil in the stock market, the Federal Reserve’s interest-rate hike in December, and political giving that will drivedonors’ dollars away from nonprofits, said a report recently released by Atlas of Giving.
"Still, some positive trends may have a beneficial effect on donor behavior, the study notes, including low oil and gas prices and improved unemployment rates."--Timothy Sandoval, The Chronicle of Philanthropy
