As the world wrestled with a myriad of challenges during 2022 — war in Europe, ongoing inflation, rising interest rates and declines in both stock and bond markets – the philanthropic community demonstrated enormous resiliency and generosity.
Against a difficult backdrop, nonprofits discovered new ways to connect with supporters and to move forward in pursuit of their missions.
• Giving trended downward across all types of giving.
• Planned giving donors moved toward strategic giving to meet long-term philanthropic and other goals.
• Given current giving trends, nonprofits must have a sound long-term investment strategy that prepares organizations to meet their challenges should these trends continue.
As we have for the past 11 years, we have mined our charitable giving data to produce this proprietary Charitable Gift Report for the nonprofit sector. We hope that it will serve as a useful resource for nonprofit professionals as they seek to overcome challenges, improve our world and foster change through giving.
BNY Mellon Wealth Management conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation. This material is provided for illustrative/educational purposes only. This material is not intended to constitute legal, tax, investment or financial advice. Effort has been made to ensure that the material presented herein is accurate at the time of publication. However, this material is not intended to be a full and exhaustive explanation of the law in any area or of all of the tax, investment or financial options available. The information discussed herein may not be applicable to or appropriate for every investor and should be used only after consultation with professionals who have reviewed your specific situation.
Trademarks and logos belong to their respective owners. BNY Mellon Wealth Management conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation.
The information in this paper is as of August 2023. It is based on sources believed to be reliable, but content accuracy is not guaranteed.
©2023 The Bank of New York Mellon Corporation. All rights reserved. WM-412279-2023-08-04