Friday, October 4

Despite inflation, GivingTuesday manages to raise a record $3.1 billion for charitable causes

Javier Zarain

The annual fundraising event known as GivingTuesday served as a new thermometer to measure the level of spending by Americans , in this case as donations.

GivingTuesday, a national event that began as a hashtag on Twitter at 2021, turned ten years old and did raising the record amount of $3,60 million dollars

, according to data provided by the organizers.

The amount was accumulated in just 24 hours and it was one more sign that people are willing to give, in this case to help non-profit organizations, despite the high prices caused by inflation and fears of a possible economic recession.

In this regard, the executive director of GivingTuesday, Asha Curran, stressed that, despite the economic difficulties with high prices of food, fuel and l to housing, Americans are willing to give.

“That’s really what we saw. That whatever the people are experiencing, they were as generous as they had the capacity to be ”, he highlighted in a report for AP.

Donations reach record level

According to the organizers’ estimates, donations for on GivingTuesday this year were 20% higher compared to the $2,2012 million dollars that was raised in .

To estimate the data, the organizers counted from data sources provided by community foundations, companies that collaborated with software that measures fundraising, PayPal’s payment processor; as well as its large donors Fidelity Charitable and Vanguard Charitable.

However, the GivingTuesday organization indicated that it will wait for the end of the year and for the os to be known definitive inflation data and the increase in interest rates to determine the definitive adjustment of the donations received this year.

Meanwhile, some sectors As the educational one, they assure that it was one of the best fundraising events since GivingTuesday was organized.

In the case of DonordChoose, a platform where public school teachers can raise money for their classrooms, this date was the second highest day for your donations in more than two decades.

According to the platform, donations for Tuesday that followed Thanskgiving were recorded at $000.6 million dollars, with more than 60,000 people who donated.

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