Holiday giving trend info, Cyber Monday tie-ins
Many association board meetings are going on this month, and two frequent questions asked of staff are, “What are the end-of-year giving trends right now, and what donor behavior do you expect in the next year?” They also want more thorough details of how any proposed budgets are changing to reflect those expectations, especially in terms of first-quarter cash flow, when giving by individuals traditionally drops dramatically.
I’ve written before about giving trends and am happy to share the result of the latest survey out today by the American Red Cross. It finds that 90 percent of Americans plan to donate to charity this holiday season, with 62 percent planning to give more than $25, and 25 percent saying they’ll give more than $100, despite the economic downturn. In the really good news department, 40 percent are “talking with others about donating to charity instead of buying them a gift.”
“Eighty percent said that, if asked, they would be happy to make a donation to charity instead of buying a gift for someone,” reports the American Red Cross.
Nonprofits and associations have been extremely concerned about the expected diminishing of end-of-year donations, and I’ve been hearing both good and terrible numbers from a wide range of folks within our sectors. However, a Red Cross survey in November finds that although one-third of respondents said they are cutting back on gift spending, parties (31%), holiday décor (40%), and travel (44%), only 20 percent are sending out fewer charity checks, and 17 percent plan to spend more. This is impressive considering that the survey also revealed that one in four people had their salary or hours cut back, 14 percent were suffering a job layoff, and 41 percent had lost money in the stock market.
To help boost their fundraising opportunities, a number of nonprofits and associations leveraged yersterday’s “Cyber Monday” technology buying spree among bargain-hunting consumers to pitch online charitable giving. With online giving at an all-time high, association development staff appear to be shaping their virtual giving pitches to sync with a day when millions of Americans already have gift-giving on their minds. It would be interesting to learn whether these strategies have worked. Anyone willing to share their results is welcome to post here.
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