What will charitable giving look like in 2023?

What will charitable giving look like in 2023?

If you asked most people what would happen in 2022, the vast majority would not have been able to predict the financial rollercoaster that was 2022, or that charitable giving would stay strong. From 40-year highs in inflation and rising Treasury yield prices to volatility in the stock market, “uncertainty” might have been the word of the year. If 2022 brought fresh humility, then we should certainly use it when setting expectations for 2023.

Despite the volatility of 2022, Charityvest (opens in a new tab) saw its highest volume of Giving Tuesday donations forever, against some predictions of weakness in the charitable giving market. For purpose givers—that is, people for whom charitable giving is a significant financial and personal priority by percentage of income or assets—we believe giving increased this year for two reasons.

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