Giving to Education
Giving to education includes all cash and non-cash donations from itemizing and non-itemizing American households to U.S. education charities, including institutions of higher education, private K-12 schools, vocational schools, libraries, educational research and policy, and many other types of organizations serving educational purposes.
Giving to education is predicted to increase by 3.5% in 2019 and by 5.7% in 2020.xv
The projection for giving to education in 2019 is higher than the historical 10-year and 40-year annualized average growth rate for giving of this type, but lower than the 25-year annualized average.41 In 2020, education giving is predicted to exceed the 10-year, 25-year, and 40-year annualized averages.
Specific factors that will significantly and positively influence education giving in 2019 and 2020 include:
- Growth in GDP,
- Growth in consumer expenditures on education services in the preceding years, and
- Growth in consumer expenditures on health in the preceding and projected years.
These factors will account for the majority of the predicted growth in giving to education in these years.
Above-average growth in the S&P 500, as well as growth in consumer expenditures on social services and religion and consumer expenditures on community school services in the preceding years, will also have a positive effect on education giving in 2019 and 2020. However, growth in personal disposable income and close-to-average growth in consumer expenditures on nonprofit services in the preceding and projected years will temper these positive effects.42
- xv All growth rates are based on predictions for giving in inflation-adjusted 2017 dollars using 2018 as the base year. The Philanthropy Outlook projects the growth rates of variables into 2019 and 2020; predicted growth rates are compared with the variables’ historical 10-, 25-, and 40-year annualized means. See Table 1 for these data.