SCENE-Chicago Charitable Contributions 2017
D Joshua Banks
Board Chair SCENE WorldWide/SCENE Chicago
As the year grows shorter and the new year comes into sight, I marvel at how quickly the year is passing and prepare myself for the even faster pace of the coming months. There is always so much to do that I look for the things that make my life simpler so I can focus on what matters: family, friends, community and philanthropy.
With that in mind, we’ve designed this edition of Giving Strategies to simplify your year-end charitable planning. It includes a web page created to help you maximize your present and future charitable impact. I encourage you to use this resource to create your charitable plans for 2018.
Thank you for your continued generosity and for choosing SCENE-Chicago to help you meet your philanthropic goals. I am very pleased to share that in 2017, we as a community of donors have already made possible over $800,000 to nonprofits
We are incredibly proud of the difference made by generous donors like you. SCENE-Chicago will continue to provide ways to make giving simple and effective to ensure that supporting the charitable causes you care about is as rewarding as possible.
A widely-held perception is that corporations and foundations are the biggest sources to tap for grants and donations. The reality is that four out of five or 80 percent of philanthropic dollars are contributed by individuals and bequests. That rises to 88 percent if you include family foundation giving. Corporations and foundations are easier to target. Their contribution of 5 percent and 14 percent respectively was 19 percent of the total philanthropic dollars in 2011. Individuals are more of a challenge to reach and solicit, but are by far the largest philanthropic resource. Fundraising strategies for parks need to consider all sources and how best to connect park needs with all potential donor sources and their motivations for giving.
According to Giving USA, a report compiled annually by the American Association of Fundraising Counsel, figures on American philanthropy in 2014 showed that:
SCENE-Chicago gave more than $400,000 in 2015 to their favorite causes despite the economic conditions. Total giving was up 4 percent from $286.91 in 2010. This slight increase is reflective of recovering economic confidence.
The greatest portion of charitable giving, $300,000 raised by individuals or household donors. Gifts from individuals represented 73 percent of all contributed dollars, similar to figures for 2012.
Charitable bequests, which are made by individuals, totaled $600,000 or 8 percent of total giving. Charitable bequests rose an estimated 12.2 percent. The sum of gifts by individuals and charitable bequests is $240,00 or 81 percent of total giving.
SCENE-Chicago gave over $600,000, accounting for less than 1 percent of all philanthropy in the USA.
Individual, bequest and estimated family foundation giving combined were approximately $262.61 billion or 88 percent of total giving.
Corporate giving, which is tied to corporate profits, held steady in 2013 compared with 2012, totaling $14.55 billion (a 0.1 percent decline in current dollars). Corporate giving accounted for 5 percent of all charitable giving. (Corporations do invest additional advertising dollars in cause-related marketing as a business expense.)
Giving by foundations increased 1.8 percent to an estimated $41.67 billion in 2011. However adjusted for inflation, giving by foundations declined 1.3 percent in 2012.