End-of-Year Donations Crucial for Nonprofits, Small Gifts Valued
Despite common belief, most Americans donate for community impact, not tax deductions; regular small donations preferred by nonprofits.
- Nonprofits receive about 30% of their annual donations in December, with 10% coming in the final three days of the year.
- Despite the common belief, most Americans don't give in December for tax reasons, but rather to support organizations in their community.
- Nonprofits value even small gifts, especially those that meet community needs.
- Many nonprofits prefer donors to set up automatic monthly donations, even in small amounts, rather than giving a lump sum at the end of the year.
- Donations from low- and middle-income people usually go directly to nonprofit organizations, in contrast to many of the wealthiest donors who give to donor-advised funds and foundations.