GivingTuesday 2022: New Tax Deduction Boosts Donations
Update: 2025-12-01
Description
GivingTuesday 2023: A Crucial Fundraising Day for American NonprofitsThis years GivingTuesday, on December 2nd, is a pivotal fundraising day for American nonprofits. Despite potential financial constraints, a new tax deduction could boost contributions. Major donors, influenced by a strong stock market, are expected to give generously. GivingTuesday, started in 2012, has grown into a global movement, promoting generosity and encouraging giving in all forms. Nonprofits can participate, even without official affiliation, to raise funds and engage supporters. Last years donations reached $3.6 billion, highlighting the events growing success and importance in the year-end fundraising push.
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