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.
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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.
- 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