While philanthropy remains resilient, it’s in a state of flux, according to representatives from Kansas City-area nonprofits.
The philanthropic pendulum has swung widely during the past couple of years. Giving soared during the pandemic, hitting a record inflation-adjusted high in 2021, but it dropped in 2022 as concerns about the economy and inflation took hold, Giving USA reports show. Giving grew again in 2023, reaching a current-dollar record of $557.16 billion, but inflation flipped that…State of philanthropy
While philanthropy remains resilient, it’s in a state of flux, according to representatives from Kansas City-area nonprofits.
The philanthropic pendulum has swung widely during the past couple of years. Giving soared during the pandemic, hitting a record inflation-adjusted high in 2021, but it dropped in 2022 as concerns about the economy and inflation took hold, Giving USA reports show. Giving grew again in 2023, reaching a current-dollar record of $557.16 billion, but inflation flipped that…