The year 2017 is set to bring major changes in the U.S. political, business and social environment, and the nonprofit and charity world will also be facing significant possible changes in their model. Potential changes in the tax law, revisions in how social media operates and the continual coming of age of millennials could have critical repercussions for charitable giving.
The first big concern for charities and donors will be changes in the tax deduction laws. That alone can reshape how much people are donating. But other trends will also likely play a key role in 2017. We can expect that financial advisors and wealth management professionals will serve as critical gatekeepers for many donors.
Here are the top 10 trends that donors and nonprofits should be on the lookout for in the coming year: