Growth in giving expected in higher education
Anticipating and planning future giving to nonprofits has been difficult, with scant reliable resources to help understand the outlook.
But thanks to a new report from the Indiana University Lilly Family School of Philanthropy, institutions now have some predictions—and positive ones, at that.
According to “The Philanthropy Outlook,” which is available through the support of consulting firm Marts & Lundy, charitable giving is expected to grow in the U.S. by 4.8 percent in 2015 and an additional 4.9 percent in 2016 (with rates in 2013 inflation-adjusted dollars).
Contributions from individuals/households, estates, corporations and foundations are all expected to increase in both years.
In conducting the research, the Lilly School tested more than 16,000 combinations of economic variables with the potential for influencing each source of giving.