Amid Turbulent 2022, Survey Shows Nearly 75% of Wealthy Donors Maintained Charitable Giving Levels
Summary
Staying the Course in 2022 While the majority of donors maintained the status quo in 2022, of those who made changes to their foundation’s activities, most expanded their generosity by increasing the size and number of grants. Rather than reacting to short-term dynamics, they are building long-term partnerships and deep-rooted philanthropic legacies.” Looking ahead to 2023, most respondents plan to maintain (58%) or slightly expand (20%) their giving levels. Survey respondents also noted that managing succession, hearing from other funders, and understanding the unique features of foundations are topics of highest interest for learning and collaboration. “With over 47,000 grants made in 2022, totaling over $1.5B in charitable gifts, the level of generosity among our clients is inspiring” said Sunil Garga, president and chief executive officer of Foundation Source. “The results of our latest client survey underscore how the mission-oriented private foundation structure can encourage donors, regardless of market conditions, to remain committed to their missions and serve communities around the world.” The data presented here is from a digital survey conducted between December 20, 2022 and January 11, 2023 with Foundation Source clients.
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