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Insights into Charitable Giving Trends: Analyzing the 2024 Giving USA Report
In this episode you’ll join Advancement Resources and Benefactor Group for an in-depth discussion on the 2024 Giving USA report by the Lilly Family School of Philanthropy at Indiana University. This year's report unveils that total estimated charitable giving in the U.S. reached $557 billion in 2023 but a lot of reporting casts this impressive number as being disappointing as it is a slight dip from the previous year when you factor in inflation.
Our panel explores how this pessimism is not justified, and many other of the report’s implications, including insights into who gave, who received, and the resilience of charitable giving despite economic uncertainties.
Key topics include the impact of high-net worth donors, the role of donor advised funds, the importance of bequests, and evolving generational giving behaviors. Learn how nonprofits can leverage these insights for effective fundraising and campaign strategies.
00:00 Introduction to the Big Ideas in Philanthropy Podcast
01:22 Overview of the 2023 GivingUSA Report
03:01 Panel Discussion: Interpreting the Data
03:39 Economic Uncertainty and Donor Behavior
05:42 The Role of Social Norms in Charitable Giving
08:02 Historical Context and Data Revisions
10:21 Sector-Specific Insights and Trends
15:01 High Net Worth Donors and Major Gifts
23:40 The Impact and Strategy of Donor Advised Funds
30:29 The Secret Sauce of Donor Advised Funds
30:58 The Power of Timing and Flexibility in Philanthropy
31:53 Turning Illiquid Assets into Charitable Gifts
32:11 The Great Intergenerational Transfer of Wealth
33:29 Adapting to Generational Philanthropy
38:26 The Broader Definition of Philanthropy
45:35 Campaign Strategies and Trends
49:05 Final Thoughts and Words of Advice
52:39 Closing Remarks and Takeaways
Featuring:
Laura MacDonald, (Principal & Founder, Benefactor Group).
Megan Simmons (Senior Consultant, Benefactor Group.
Ben Golding (CEO, Advancement Resources).
Venancio Batista-Pedro (Director, Advancement Resources).
Links:
Benefactor Group Infographic
Donor Insights Report
Order the Giving USA 2024 Report
The Philanthropy 50
Russell James
Lisa Greer—The Philanthropy Revolution
View all episodes
By Ven Batista-PedroIn this episode you’ll join Advancement Resources and Benefactor Group for an in-depth discussion on the 2024 Giving USA report by the Lilly Family School of Philanthropy at Indiana University. This year's report unveils that total estimated charitable giving in the U.S. reached $557 billion in 2023 but a lot of reporting casts this impressive number as being disappointing as it is a slight dip from the previous year when you factor in inflation.
Our panel explores how this pessimism is not justified, and many other of the report’s implications, including insights into who gave, who received, and the resilience of charitable giving despite economic uncertainties.
Key topics include the impact of high-net worth donors, the role of donor advised funds, the importance of bequests, and evolving generational giving behaviors. Learn how nonprofits can leverage these insights for effective fundraising and campaign strategies.
00:00 Introduction to the Big Ideas in Philanthropy Podcast
01:22 Overview of the 2023 GivingUSA Report
03:01 Panel Discussion: Interpreting the Data
03:39 Economic Uncertainty and Donor Behavior
05:42 The Role of Social Norms in Charitable Giving
08:02 Historical Context and Data Revisions
10:21 Sector-Specific Insights and Trends
15:01 High Net Worth Donors and Major Gifts
23:40 The Impact and Strategy of Donor Advised Funds
30:29 The Secret Sauce of Donor Advised Funds
30:58 The Power of Timing and Flexibility in Philanthropy
31:53 Turning Illiquid Assets into Charitable Gifts
32:11 The Great Intergenerational Transfer of Wealth
33:29 Adapting to Generational Philanthropy
38:26 The Broader Definition of Philanthropy
45:35 Campaign Strategies and Trends
49:05 Final Thoughts and Words of Advice
52:39 Closing Remarks and Takeaways
Featuring:
Laura MacDonald, (Principal & Founder, Benefactor Group).
Megan Simmons (Senior Consultant, Benefactor Group.
Ben Golding (CEO, Advancement Resources).
Venancio Batista-Pedro (Director, Advancement Resources).
Links:
Benefactor Group Infographic
Donor Insights Report
Order the Giving USA 2024 Report
The Philanthropy 50
Russell James
Lisa Greer—The Philanthropy Revolution