Despite headwinds and disruptions, it tends to grow—especially when measured in current dollars.

Yet recession, the stock market, inflation, geopolitical disruptions and other factors may influence whether it grows a lot, a little, or declines. Click on the tabs below to see how charitable giving has behaved historically given different economic and social conditions.

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Sources:

Charitable Giving
Giving USA 2023: The Annual Report on Philanthropy for the year 2022. 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/

S&P
https://www.google.com/finance/quote/.INX:INDEXSP?sa=X&ved=2ahUKEwiSq8aBken4AhUcHjQIHSWQB64Q3ecFegQIFxAY

CPI
https://www.minneapolisfed.org/about-us/monetary-policy/inflation-calculator/consumer-price-index-1913-

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

GDP
https://fred.stlouisfed.org/series/GDP#

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