2020 Saw 10% Jump In Giving
According to the Quarterly Fundraising Report, nonprofit fundraising was up 10% overall in 2020 compared to 2019. While this represents the highest volume of donations in 5 years, donor retention continues to drop (approximately by 4%), even after new donors are acquired or re-activated. A decline in retained, repeat donors is a trend the industry must be aware of in 2021.
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Americorps Receives $1 Billion Influx of Stimulus
The Biden Administration’s new stimulus relief bill includes a $1 billion increase in funding to AmeriCorps, the nation’s national service program. The extra funding is applauded by nonprofit sector advocates and proponents of national service, which has seen increased public support particularly from Congressional Democrats over the past several years.
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