Charitable Contributions Up In 2011
The sluggish economy is creating challenges for charitable organizations according to the Late Fall 2011 Nonprofit Fundraising Study recently released by the Nonprofit Research Collaborative (NRC). Nearly two‐thirds of responding organizations reported an increas e in demand for their services through the first nine months of 2011 compared with the same period in 2010. Fundraising increased this year, too, but not in line with demand. Forty-one percent of respondents reported an increase in charitable gift receipts while 31 percent reported no change and 28 percent reported a decline. Just as small businesses were hit harder by the weak economy, small charitable organizations have struggled more than their large counterparts. The survey was more upbeat than the same survey conducted in the late fall of 2010, in which just 36 percent of respondents said total giving rose from the same period in 2009 while 27 percent reported no change and 37 percent said giving fell.
First-time unemployment claims de clined by 4,000 to 364,000 in the week ending December 17, the third consecutive weekly drop and the lowest level since April 2008. The latest results signal the potential for the unemployment rate to fall in the months ahead. Let’s hope that happens so that the NRC’s survey a year from now will reveal declining demand for charitable services combined with another increase in giving.
Happy holidays to you from the Grubb & Ellis research team.
SVP, Chief Economist
Grubb & Ellis
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