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The stock market swoon could cause donors to reduce giving, experts say. Meanwhile, wage hikes and inflation are putting heavy pressure on nonprofit budgets.
Researchers suggest a way to reject unwanted contributions while preserving a good relationship with donors.
Only 45 percent of Americans polled in November said they trust nonprofits, 5 percentage points lower than the previous year. Among 27 countries surveyed, the U.S. ranked fourth to last in terms of trust in nonprofits,
U.S. nonprofits added an estimated 9,246 jobs in December, bringing total jobs to around 12 million. Before the pandemic began, in February 2020, U.S. nonprofits employed roughly 12.5 million workers.
The stock market’s strength and growth in GDP mean that even with the Covid concerns upending the globe again, philanthropy is likely to grow. Inflation and decreasing confidence among the wealthiest are worrisome, however.