Key Trends and Events Shaping Fundraising in 2023

Key Trends and Events Shaping Fundraising in 2023
by Edi Gorch 746 view

Current Trends and Notable Events in Fundraising

In recent months, the fundraising landscape has seen significant developments, reflecting changes in donor behavior, economic conditions, and the impact of the COVID-19 pandemic. This article provides an overview of the latest news and trends in fundraising, highlighting key events and statistics that are shaping the sector.

A recent article from the Association of Fundraising Professionals discusses the evolving trends in fundraising as we move into 2024. The report notes that the COVID-19 pandemic has fundamentally altered the expectations and working conditions for fundraisers. Many professionals have left the sector, while others prefer remote work options. This shift has led to a notable 30% increase in the demand for interim fundraisers, as nonprofits struggle to fill positions.

The article emphasizes that the fundraising environment is changing rapidly, with organizations needing to adapt to new realities. The full report can be accessed here.

GivingTuesday: A Steady Performance Amid Economic Challenges

On November 29, 2023, nonprofits raised $3.1 billion during GivingTuesday, matching the previous year's total despite ongoing inflation and economic uncertainty. This event has become a staple in the fundraising calendar, demonstrating resilience in the face of financial challenges. A report highlighted that donor-advised funds have emerged as a bright spot in the giving landscape, indicating a shift in how individuals are choosing to donate.

For more insights, you can read the full article from the Chronicle of Philanthropy here.

Noteworthy Fundraising Events

Fundraiser for Madeline Gaudreau

A recent fundraiser for Madeline Gaudreau, the pregnant wife of NHL player Matthew Gaudreau, raised over $350,000 following the tragic death of her husband and brother-in-law in a drunk driving incident. This outpouring of support highlights the community's willingness to rally around individuals in times of crisis. The details of this fundraiser can be found here.

BBQ Fundraiser Against Child Poverty

In Rochester, New York, local groups organized a BBQ fundraiser aimed at combating child poverty. This community event brought together residents to raise awareness and funds for a critical cause. The initiative reflects a grassroots approach to addressing social issues, showcasing the power of community engagement. More information can be found here.

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Kamala Harris Fundraiser

On July 28, 2024, Vice President Kamala Harris held her first fundraiser as the likely Democratic nominee, raising over $1.4 million. The event, which took place in Pittsfield, Massachusetts, featured strong rhetoric against the Republican presidential nominee, emphasizing the political stakes involved in fundraising efforts. The full story is available here.

Biden's Record-Breaking Fundraiser

In a notable political fundraising event, President Joe Biden held a record-breaking fundraiser at Radio City Music Hall on March 29, 2024, with former Presidents Obama and Clinton in attendance. The event is expected to raise over $25 million, setting a new benchmark for presidential fundraising efforts. More details can be found here.

The Impact of Economic Conditions on Fundraising

The 2024 Compensation and Benefits Report from the Association of Fundraising Professionals indicates that the average fundraising salary in the U.S. saw a modest increase of 0.8% in 2023, rising from $95,841 to $96,621. This growth is significantly lower than the 6.7% increase observed in 2022 and does not keep pace with the 3% inflation rate. This trend raises concerns about the sustainability of fundraising careers in the current economic climate.

Upcoming Fundraising Events

Washington Fundraiser for Kamala Harris

Cryptocurrency executives are planning a fundraiser for Vice President Kamala Harris in Washington, D.C., on September 13, 2024. The event aims to raise at least $100,000 and reflects the industry's desire for a more favorable regulatory environment. The full article can be accessed here.

Postponed Fundraiser for January 6 Defendants

A fundraiser intended to support the legal fees of January 6 Capitol protesters has been postponed until after the November election. This event, expected to be attended by former President Donald Trump, aims to raise over $1 million. The implications of this fundraiser on the political landscape are significant, as it highlights ongoing divisions within the country. More information can be found here.

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Conclusion

The fundraising sector is navigating a complex landscape shaped by economic challenges, changing donor behaviors, and significant social issues. As organizations adapt to these changes, the importance of community engagement and innovative fundraising strategies cannot be overstated. The events and trends highlighted in this article reflect a dynamic environment where both individual and collective efforts play a crucial role in driving change and support for various causes.

For more detailed insights and updates, you can explore the full range of articles and reports available through various news outlets and professional organizations.

Edi Gorch

Edi Gorch is a fresh voice in journalism, bringing sharp insights and a unique perspective to the latest news. Known for their investigative skills and clear, engaging writing, Gorch covers a range of topics from current events to in-depth analyses of global issues. Their work on this new platform promises to deliver timely, accurate, and thought-provoking content that keeps readers informed and engaged


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