Where Will Charitable Giving Land for 2015?
Here we are in April 2016, and the results for charitable giving for 2015 are still being tallied. Where will we land?
In February 2015, the Philanthropy News Digest predicted a 4.8% increase for 2015. This increase was fueled by the assumption that the stock market would continue to perform and that personal income would continue to rise.
On the other hand, the Atlas of Giving, a team of 25 PhD level mathematicians predicted a drop of 3.2% in giving based upon a correction in the stock market, continuing issues in the world economy, and a continuing decline in employment compensation.
At this point, no one knows the answers although on balance it would appear that the analysts at The Atlas of Giving would appear to have a better handle on the 2015 charitable giving results.