Giving to Arts, Culture & Humanities During Economic Disruptions
Despite headwinds and disruptions, it tends to grow–especially when measured in current dollars. Yet giving to Arts, Culture & Humanities (ACH) is more sensitive than most sectors; recession, the stock market, inflation, and other factors may influence whether it grows or declines. Click on the tabs below to see how charitable giving to ACH has behaved historically given different economic and social conditions.
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Sources:
Charitable Giving
Giving USA 2022: The Annual Report on Philanthropy for the year 2021. Researched and written by the Indiana University Lilly Family School of Philanthropy. Published by the Giving USA Foundation, a public service initiative of the Giving Institute.
Recessions
https://fred.stlouisfed.org/series/JHDUSRGDPBR
Inflation
https://fred.stlouisfed.org/series/FPCPITOTLZGUSA
https://www.whitehouse.gov/cea/written-materials/2021/07/06/historical-parallels-to-todays-inflationary-episode/
Presidential elections
https://advisor.morganstanley.com/the-ernie-garcia-group/documents/field/e/er/ernie-garcia-group/S%26P%20500%20in%20Presidential%20Election%20years.pdf
Corp pre-tax profits
https://fred.stlouisfed.org/series/A053RC1Q027SBEA
Socio-economic
Bank of America Capital Market Outlook (March 7 2022)
Bank of America Capital Market Outlook (June 27 2022)
Unemployment
https://fred.stlouisfed.org/series/UNRATE
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