Current:Home > StocksTotal GivingTuesday donations were flat this year, but 10% fewer people participated in the day -Pinnacle Profit Strategies
Total GivingTuesday donations were flat this year, but 10% fewer people participated in the day
View
Date:2025-04-15 10:19:03
NEW YORK (AP) — Nonprofit organization GivingTuesday estimates that donors gave $3.1 billion this year on what has become one of the most important fundraising days of the year — the Tuesday after Thanksgiving.
Donations were up $20 million on Tuesday, a 0.6% increase over last year before adjusting for inflation, the nonprofit said. GivingTuesday makes its estimate by drawing on data from donor management software companies, donation platforms, payment processors and donor-advised funds.
“On the one hand, this is fantastic,” said Woodrow Rosenbaum, GivingTuesday’s chief data officer. “Tens of millions of people in the U.S. came together once again to have a huge impact for causes they care about, including donating an enormous amount of money in a 24 hour period.”
But the number of donors was down about 10% from 2022, which Rosenbaum called a worst case scenario for the sector: “We’re seeing less dollars from the big donor that we’ve been relying upon and fewer grassroots donors who are so important to our resilience and long-term health of the sector.”
Nonprofit organizations and industry groups have been warning that donations this year are down, which follows a drop in overall charitable giving in 2022 for only the fourth time in 40 years, according to Giving USA.
It’s still too early to know whether end-of-year giving will pull charitable donations back up this year.
Elaine Kenig, chief communications officer at Vanguard Charitable, which hosts donor-advised funds, said about 30% of the total grant dollars donated from those accounts each year go out in the last two months of the calendar year.
“We absolutely lean into those traditional cycles of giving, which I feel like GivingTuesday really capitalizes on,” she said.
But their account holders also responded with urgency to major events like the wildfires that devastated Maui in August, Kenig said.
“Giving is the nicest thing to do and the best thing to do. And you get more from it than probably what you give,” said Naomi Thompson, who works for a cancer charity in Northern Ireland. Especially when donors feel like they have less to give, she suggested really considering whether the organization’s work makes an impact on the donor’s community.
GivingTuesday’s estimates don’t include gifts to mutual aid groups, donations to political organizations or gifts made directly to individuals, Rosenbaum said. Still, the results may indicate further difficult times ahead.
“When we see this increase in the average donation on GivingTuesday,” Rosenbaum said, “We see that as a warning sign, not as something that we should be looking for.”
___
Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy.
veryGood! (456)
Related
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Pedro Almodóvar has a book out this fall, a ‘fragmentary autobiography’ called ‘The Last Dream’
- Oklahoma trooper violently thrown to the ground as vehicle on interstate hits one he’d pulled over
- Lenox Hotel in Boston evacuated after transformer explosion in back of building
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- What Would The Economy Look Like If Donald Trump Gets A Second Term?
- Toyota chief apologizes for cheating on testing at group company _ again
- Court stormings come in waves after Caitlin Clark incident. Expert says stiffer penalties are needed
- Highlights from Trump’s interview with Time magazine
- Disposable vapes will be banned and candy-flavored e-cigarettes aimed at kids will be curbed, UK says
Ranking
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Takeaways from the AP’s investigation into how US prison labor supports many popular food brands
- Ted Koppel on his longtime friend Charles Osgood
- Brock Purdy, 49ers rally from 17 points down, beat Lions 34-31 to advance to Super Bowl
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Detroit Tigers sign top infield prospect Colt Keith to long-term deal
- Woman trapped 15 hours overnight in gondola at Lake Tahoe's Heavenly Ski Resort
- Biden and senators on verge of striking immigration deal aimed at clamping down on illegal border crossings
Recommendation
$73.5M beach replenishment project starts in January at Jersey Shore
Who is playing in Super Bowl 58? What to know about Kansas City Chiefs vs San Francisco 49ers
Taylor Swift and Jason Kelce Support Travis Kelce at AFC Championship
U.S. pauses UNRWA funding as U.N. agency probes Israel's claim that staffers participated in Oct. 7 Hamas attack
This was the average Social Security benefit in 2004, and here's what it is now
Ex-Philippines leader Duterte assails Marcos, accusing him of plotting to expand grip on power
70 Facts About Oprah Winfrey That Are Almost as Iconic as the Mogul Herself
A woman's 1959 bridal photos were long lost. Now the 85-year-old has those memories back.