Nonprofit news summary for the week of June 22nd, 2021.
Charitable Giving Reaches All-Time High In 2020 – Report
A new Giving USA report says that U.S. charitable giving reached an all-time high of approximately $471 billion. Driven by factors such as an unprecedented pandemic and a broad reckoning over racial violence, giving increased 5.1% from 2019 to 2020 (3.8% when adjusted for inflation). Experts note that a strong finish by financial markets including the S&P 500 (changes in which track with changes in individual and foundation giving) likely contributed to the spike. While individual giving increased 2%, giving from foundations jumped nearly 17% year over year. While lots of nonprofits, especially civil rights organizations, saw increases in funding — arts, culture, and disease-specific organizations saw a decrease.Read more ➝
Juneteenth Now A Federal Holiday
Congress has overwhelmingly approved a bill making Juneteenth a federally-recognized holiday. With a 415-14 vote in the House of Representatives, June 19th will be officially recognized as a day commemorating the end of slavery in America. This is the first new federal holiday to be authorized since the creation of Martin Luther King Jr. Day in 1983.
Summary Nonprofit journalism grew in 2020 — and individual donors played a large part National Young Farmers Coalition | Young Farmers 2020 Accountability Report Girl Scouts Stuck With Over 15 Million Boxes of Unsold Cookies MacKenzie Scott’s latest round of $2.7B in gifts prioritizes philanthropy infrastructure
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