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Industry Landscape
The non-profit social impact sector in the US is dynamic, driven by increasing demands for evidence-based solutions in education and workforce development. It leverages cross-sector collaborations and data-driven approaches. Challenges include securing consistent funding and navigating complex bureaucratic landscapes.
Total Assets Under Management (AUM)
Total Charitable Contributions in United States
~$550 billion (estimated for 2023)
(1.0% CAGR)
- Growth slightly positive.
- Driven by individual donations and foundation grants.
- Corporate giving shows mixed trends.
Total Addressable Market
550 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Data Analytics
Utilizing artificial intelligence and machine learning to analyze vast datasets for more precise identification of needs, program effectiveness, and predictive modeling in social impact initiatives.
Blockchain for Philanthropy
Employing blockchain technology to enhance transparency, traceability, and efficiency in charitable giving, ensuring funds reach their intended beneficiaries and demonstrating impact.
Virtual and Augmented Reality (VR/AR) for Training
Leveraging VR/AR for immersive and accessible vocational training and educational simulations, particularly in workforce development programs.
Impactful Policy Frameworks
American Rescue Plan Act (ARPA) of 2021
The American Rescue Plan Act of 2021 (ARPA) provided significant funding to states, localities, and non-profits to address economic and social impacts of the COVID-19 pandemic.
ARPA funding has created opportunities for non-profits to secure grants for education and workforce development initiatives, but also increased competition and reporting requirements.
Biden Administration's Infrastructure Investment and Jobs Act (2021)
The Infrastructure Investment and Jobs Act (2021) allocates significant federal funding towards infrastructure projects, which often include workforce development and community engagement components.
This policy presents opportunities for Commit Partnership to partner on workforce development initiatives tied to infrastructure projects and secure funding for related programs.
IRS Proposed Regulations on Donor Advised Funds (2023)
The IRS has proposed new regulations clarifying the definition of 'donor advised funds' (DAFs) and their payout requirements, aiming to increase transparency and ensure timely distribution of funds.
These proposed regulations could influence the flow of philanthropic capital, potentially encouraging faster distribution of funds from DAFs to active non-profits like Commit Partnership.
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