What is GivingTuesday? How to donate on the annual day of charitable giving

What is GivingTuesday? How to donate on the annual day of charitable giving

What is GivingTuesday? How to donate on the annual day of charitable giving

Since it started as a hashtag in 2012, GivingTuesday, the Tuesday after Thanksgiving, has become one of the biggest fundraising days of the year for nonprofits in the U.S. This year, nonprofits face uncertainty about how donors may respond to a range of changing factors.

High prices may affect how much small dollar donors give this year or how many charities they will support. But President Donald Trump’s tax and spending legislation, which passed in July, also included a new charitable deduction of up to $1,000 for individuals and $2,000 for married couples for the majority of tax filers. That could incentivize more households to give.

For larger donors, a strong stock market usually indicates they will give generously. These major donors also make up an increasingly important share of overall charitable donations and are more likely to give than less economically well off households, according to a study from the Indiana University Lilly Family School of Philanthropy in partnership with Bank of America.

Nonprofits are also letting potential supporters know about a range of new challenges this year, with many human service organizations seeing higher demand while facing cuts to government grants, especially last month’s freeze of Supplemental Nutrition Assistance Program, or SNAP, benefits. And many charities are highlighting programs that will match or multiply donations — even up to a factor of five at some nonprofits — to showcase increased impact.

Altogether, that sets up GivingTuesday, which falls on Dec. 2 to be a high stakes fundraising day for U.S. nonprofits.

How did GivingTuesday start?

The #GivingTuesday hashtag started as a project of the 92nd Street Y in New York in 2012 and became an independent organization in 2020. It’s grown into a worldwide network of local organizations that promote giving in their communities, often on different dates that have local relevance, like holidays.

Now, GivingTuesday, the nonprofit, also convenes researchers working on topics about everyday giving. It also collects data from a wide range of sources like payment processors, crowdfunding sites, employee giving software and institutions that offer donor-advised funds, a kind of charitable giving account.

What is the purpose of GivingTuesday?

The hashtag was started to promote generosity and the nonprofit continues to promote giving in the broadest sense.

For nonprofits, the point of GivingTuesday is to raise money and engage their supporters. Many will be familiar with the barrage of email and mail appeals that coincide on the Tuesday after Thanksgiving. Essentially all major American nonprofits will organize fundraising campaigns and many smaller, local groups also participate.

Leave a Comment

Your email address will not be published. Required fields are marked *