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As the economy has recovered from the recession, philanthropic giving nationwide has slowly climbed to an all-time high, in 2015 reaching $373.25 billion, according to a report from the Giving USA Foundation. However, nonprofits rely on funding from other sources as well, and leaders like Carrie Pickett-Erway at Kalamazoo Community Foundation don’t know if those sources will remain secure in the coming year. “We know many of our partners are concerned about major changes they anticipate in state and federal funding,” she said. “Our endowed funds provide a stable source of funding, but would not be able to fill that gap.”

Published in Crystal Ball

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