Navigating the Evolving Landscape of Philanthropy

INSIGHTS & RESOURCES

Navigating the Evolving Landscape of Philanthropy
… while traditional charitable giving faces challenges, the rise of alternative giving mechanisms indicates a transformation rather than a decline in generosity.

Scott R. Lange, President Visionary Philanthropic Consulting

The philanthropic landscape is undergoing significant transformations, presenting both challenges
and opportunities for fundraising professionals and fundraising consultants. Recent data from the
Giving USA 2024 Report indicates that while charitable giving in 2023 reached $557.16 billion, this
figure represents a decline when adjusted for inflation. Notably, the number of donors has
decreased, with small-dollar contributions (less than $500) experiencing the most significant drop.
(Fundraising Effectiveness Project)

In contrast, alternative forms of giving are on the rise. Crowdfunding platforms, such as GoFundMe,
have seen substantial growth, with many individuals opting to support specific causes or individuals directly, especially in response to crises like natural disasters. $32.7 Billion was contributed through Crowdfunding in 2023 and projections are to exceed $43 Billion in 2025. Continue reading here….