COVID-19 fallout: Charities expect less, but donors plan to give more
Milwaukee, Wis. – According to a recent survey, 80% of charities anticipate their 2020 revenue will be lower than expected, and most charities (89.4%) are concerned about maintaining a financially stable organization in 2020. But there is cause for hope, because 30% of individuals say they intend to give more in 2020, according to new research from BBB’s Give.org.
The standards-based, charity-evaluation group today released the Give.org Special Report: COVID-19 and the Charitable Sector. The report, a survey of 118 BBB Accredited Charities and more than 1,000 adults in the United States, explores what charities and donors currently anticipate will be the consequences of the COVID-19 outbreak on the charitable sector.
“The COVID-19 outbreak and its effects are placing tremendous pressures on charities, all while needs continue to grow,” said H. Art Taylor, president and CEO of BBB’s Give.org, “but the outbreak is also a reminder of our collective interdependence, and we are encouraged to see that as the COVID-19 outbreak gains momentum, almost one-third of donors say they want to give more. BBB’s Give.org will continue to monitor donor attitudes across time and we encourage donors to find collective strength in supporting charities and their causes during this trying year.”
Report highlights include:
- 80% of charities anticipate their 2020 revenue will be lower than expected. Most charities (89.4%) are concerned about maintaining a financially stable organization in 2020.
- Charities anticipating decreased revenue believe that: donors will likely be less able to give (93.5%), charities will be less able to host fundraising events (69.6%); and donors will redirect support to individuals in need (54.4%).
- More than half of individuals (52.5%) say they expect to give about the same, and another 30.8% of individuals say they plan to give more in 2020. Younger generations intend to increase their giving, with 47.7% of Millennials and 60.8% of Gen Z participants saying they plan to give more.
- 23.9% of individuals respondents say they plan to give money to small businesses (directly or via crowdfunding), and 24.5% say they will look for ways to help unemployed individuals directly.
For a free copy of the report, go to Give.org/DonorTrust.
BBB’s Give.org urges donors to give thoughtfully by taking the time to investigate charities before making a donation and to visit Give.org to verify if a charity meets the 20 BBB Standards for Charity Accountability.
For more information or further inquiries, contact the Wisconsin BBB at www.bbb.org/wisconsin, 414-847-6000 or 1-800-273-1002. Consumers also can find more information about how to protect themselves from scams by following the Wisconsin BBB on Facebook, Twitter, Instagram and YouTube.
About BBB Wise Giving Alliance:
BBB Wise Giving Alliance (BBB’s Give.org) is a standards-based charity evaluator that seeks to verify the trustworthiness of nationally soliciting charities by completing rigorous evaluations based on 20 holistic standards that address charity governance, results reporting, finances, fundraising, appeal accuracy and other issues. National charity reports are produced by BBB’s Give.org and local charity reports are produced by local Better Business Bureaus – all reports are available at Give.org.
ABOUT BBB: For more than 100 years, the Better Business Bureau has been helping people find businesses, brands, and charities they can trust. In 2019, people turned to BBB more than 183 million times for BBB Business Profiles on nearly 5.8 million businesses and Charity Reports on 11,000 charities, all available for free at BBB.org.
- Statement from the Milwaukee Health Department - City of Milwaukee Health Department - Mar 2nd, 2021
- Marquette Plans In-Person Classes in Fall - Graham Kilmer - Mar 2nd, 2021
- WI Daily: 308 New COVID-19 Cases - Urban Milwaukee - Mar 1st, 2021
- Wisconsin Anticipates First Shipment of Johnson & Johnson Vaccine - Wisconsin Department of Health Services - Mar 1st, 2021
- Marquette University announces in-person plans for fall 2021 semester - Marquette University - Mar 1st, 2021
- Dane County Drops Most Fines Against Dance Studio - Wisconsin Institute for Law & Liberty - Mar 1st, 2021
- Back in the News: Uline Workers Suffer Higher COVID-19 Rates - Bruce Murphy - Mar 1st, 2021
- Groups Now Eligible for the COVID-19 Vaccine - Wisconsin Department of Health Services - Mar 1st, 2021
- WI Daily: 464 New COVID-19 Cases - Urban Milwaukee - Feb 28th, 2021
- WI Daily: 689 New COVID-19 Cases - Urban Milwaukee - Feb 27th, 2021
Read more about Coronavirus Pandemic here
Mentioned in This Press Release
Recent Press Releases by Wisconsin Better Business Bureau
Online purchase scams become riskiest scam in the wake of COVID-19