Find stats on top websites

Industry Landscape

The non-profit sector, particularly in education and international development, is seeing increased demand for transparency and measurable impact. Donor fatigue and economic uncertainties pose challenges, but digital transformation offers new fundraising avenues. Faith-based initiatives remain a significant segment within this space.

Industries:
PhilanthropyEducationChild SponsorshipInternational DevelopmentNon-profit

Total Assets Under Management (AUM)

Total charitable giving in United States

~$557.17 billion (2023)

(1.3% CAGR)

- Giving to education increased by 6.2%.

- Giving by individuals saw a slight decline.

- Foundations and corporations increased their contributions.

Total Addressable Market

557.17 billion USD

Market Growth Stage

Low
Medium
High

Pace of Market Growth

Accelerating
Deaccelerating

Emerging Technologies

Blockchain for Transparency

Blockchain technology can provide immutable and transparent records of donations, ensuring full accountability for how funds are utilized from donor to beneficiary.

AI-Powered Donor Engagement

Artificial intelligence can personalize donor outreach, predict giving patterns, and automate communication to enhance engagement and retention.

Virtual Reality for Impact Storytelling

VR can immerse donors in the beneficiaries' lives and project sites, creating a powerful emotional connection and demonstrating direct impact.

Impactful Policy Frameworks

Donor-Advised Fund (DAF) Regulations (Ongoing Discussion)

While not a finalized policy, there is ongoing legislative discussion and proposed regulations (e.g., Accelerating Charitable Efforts Act) around Donor-Advised Funds (DAFs) to mandate minimum annual payout requirements or time limits on how long funds can remain in DAFs.

If enacted, these regulations could lead to a significant increase in funds flowing out of DAFs, potentially increasing donations to organizations like PathLight International.

Charitable Contribution Deduction Limitations (Tax Cuts and Jobs Act of 2017 - Permanent Provisions)

The Tax Cuts and Jobs Act of 2017 (TCJA) significantly increased the standard deduction, reducing the number of taxpayers who itemize and thus limiting the tax incentive for many individual donors to give to charity.

This policy continues to influence individual giving patterns, potentially making it harder for non-profits to attract donations from those who no longer benefit from the charitable deduction.

Federal Trade Commission (FTC) Enforcement Actions on Deceptive Charitable Solicitations (Ongoing)

The FTC consistently monitors and takes action against charitable organizations engaged in deceptive fundraising practices, ensuring transparency and honesty in solicitations.

This ongoing enforcement reinforces the need for transparent and honest communication, which benefits organizations like PathLight International that prioritize their '100% Promise' and ethical fundraising.

Transform Your Ideas into Action in Minutes with WaxWing

Sign up now and unleash the power of AI for your business growth