As the nonprofit sector anxiously waits to see how low charitable giving will drop this year as a result of federal tax reform that significantly reduced giving incentives, there is some good news on the horizon. A new study highlights a major opportunity for the charitable sector to dramatically increase philanthropy by focusing on an historic transfer of wealth taking place in our country right now.
Is the old model for achieving social change broken? Sometimes, it seems that way. Even as philanthropy expands and new funders make record gifts, entrenched problems fester and grow.