Philanthropic giving is expected to increase 4.8 percent this year, and 4.9 percent in 2016, exceeding the average rate of growth in gifts since the recession, according to a forecast released Tuesday.
Corporate giving is expected to rise 6 percent this year and 4.8 percent in 2016; gifts by individuals are projected to rise 4.4 percent and 4.1 percent during the next two years.
Gifts by estates, which are much more variable, are expected to increase 2.7 percent this year and 6.3 percent in 2016.
The projected growth, which is adjusted for expected inflation, is higher than the 3.1 percent average annual rate of growth in the years since the recession tabulated by “Giving USA” study, which is produced by the Lilly School and the Giving USA Foundation.