"Good News That Counts"
After slipping by 3.6 percent to $304 billion in 2009, charitable giving stabilized in the first nine months of 2010 according to a report released last month by the Nonprofit Research Collaborative. Of the 2,500 organizations responding, 36 percent said total giving rose compared with the same period in 2009 while 37 percent said giving fell, and the remainder reported no change. Most organizations were hopeful about 2011 with 47 percent increasing their budgets, 33 percent planning to maintain their current level of expenditures, and only 20 percent anticipating a lower budget.
My colleague, Matt Brower, brought a recent success story to my attention. Earlier this month, Colorado Gives Day, with a goal of $1 million, raised $8 million for 529 charities through more than 18,000 donations. The effort was termed a “stunning success” in a recent article by the Denver Business Journal. Matt serves on the board of one of the organizations benefiting from the drive. No doubt you know of examples in your hometown.
Good News Friday will take the next two weeks off. We look forward to bringing you more good news in 2011. We think the news will be even better next year.
On behalf of the Grubb & Ellis Research Department, let me wish you and your family the happiest of holidays.
SVP, Chief Economist