If your morning cup of coffee is already paid for when you reach the register this holiday season, you can thank the person in front of you—and a year-end boost in random acts of kindness.
New data released by Fidelity Charitable shows that nearly 3 out of 5 people plan to participate in charitable activities this year-end, with a noted increase in volunteerism, faith-based community activities, and acts of kindness. This is similar in proportion to 2021, a year in which the GDP grew faster than the economy had in any year since 1984.1
Explore the full data brief in Outlook 2023: Perspectives on End-of-Year Giving.
Among those planning to support charities financially, 87% plan to give the same amount or more than last year. Many may reach for old faithful: the checkbook. Make sure you give the right asset at the right time in the right way to potentially increase your tax benefits and your support. If you’re looking to give back in person, the holidays are a great time of year to rally your full network for a great cause—and the greatest impact.
Charitable giving is one of the enduring pillars of American holiday traditions, with so many effective ways to make more of a difference. Among the financial givers surveyed for Outlook 2023, 30% said they plan to give more this year than last. For those interested in participating in a host of in-person charitable activities at year-end, from fun runs to volunteering at shelters, interest has certainly gone up this year—perhaps signaling a return to our pre-pandemic holiday way of life. But no matter how you choose to give, or when, generosity is always in season.
1 New Data Show that Economic Growth Was Broadly Shared in 2021, 2022, the White House.
2A New Mindset Changes Donors’ Relationship with Philanthropy, 2021, Fidelity Charitable.
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