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Giving Compass' Take:
• Here are some nonprofit funding trends to consider in 2020 as well as other funding trends to anticipate involving individual donors and major gifts.
• How are these trends helpful resources to inform donors for their future giving?
• Learn more about other nonprofit trends to watch out for in 2020.
The nonprofit sector and its funding landscape are constantly evolving. As the last year of the 2010s decade draws to a close, predictions around every field are doing the rounds. There are certain significant changes afoot for the development sector and philanthropy as well.
Here is what the sector experts and trends as observed over the last few years reflect.
With global changes taking place around the social, political and environmental issues, and giving preferences of individuals and donor agencies, the sectors that attracted more funding over the years are bound to shift. The last two decades saw a huge amount of funding in the health sector, HIV/AIDS and related areas, and then gradually education, skill-building and livelihoods also came to the fore in terms of donor priorities.
- Climate Change: As of today, the younger generations are leading the protests across the world on the climate change issue.
- Human rights, peace and conflict resolution: Globally, peace, conflict resolution and refugee migration have been serious humanitarian issues and have attracted increased funding over the years.
- Inclusion: In order to be more inclusive and to support people who are under-represented, charities, governments and funding organizations are extending support and funding will also increase in such areas.
- Health, livelihoods, education and others: Funding in the areas of health, education, livelihoods is expected to grow consistently as it has over the years.
Other funding trends to anticipate in 2020:
- Individual giving
- Increase in larger gifts
- Intermediary bodies to empower donors and support nonprofits
- Impact investing and sustainability
- Strategic corporate giving
- Operating Expenses: Still no-no?
Read the full article about trends in for nonprofit funding at FundsforNGOs.