Question: simplify wording 225 words leave citations: Current trends highlight shifts in giving patterns. Individual giving declined 2.4% in 2023, with its share dropping from 73%
simplify wording 225 words leave citations: Current trends highlight shifts in giving patterns. Individual giving declined 2.4% in 2023, with its share dropping from 73% in 2013 to 67.2%, largely due to inflation reducing disposable income for small donors (Giving USA, 2023). Meanwhile, foundation giving grew to 19% of total giving ($103.53 billion), and corporate giving increased 3.4%, fueled by strong corporate profits and stock market gains (Giving USA, 2023). Nontraditional giving is also rising, with donor-advised funds distributing $52 billion in grants and receiving $86 billion in contributions in 2023, while 57% of donors enrolled in recurring giving, up from 46% the prior year (National Philanthropic Trust, 2023). Total giving reached $557.16 billion in 2023, up 1.9% in current dollars but down 2.1% when adjusted for inflation, reflecting economic pressures (Giving USA, 2023). This decline in individual giving threatens nonprofits' ability to address societal needs, as small donors provide broad-based support, risking a less democratic philanthropy dominated by elite priorities. However, increased foundation and corporate giving, along with tools like DAFs and recurring donations, offers stability for large-scale initiatives. USAID's 2024 focus on local partnerships for climate resilience, health, and education aligns with donor interest in global aid, as seen in its 2022 Ukraine support (USAID, 2024). Nonprofits must adapt by leveraging digital platforms, personaliz
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