As one of our main areas of specialisations, Warlows Legal is constantly observing the changing landscape of charities, and charitable contributions. The JBWere NAB Charitable Giving Index is a pivotal source for insights into the world of philanthropy; offering concise updates on charitable organizations and in-depth analyses of sectoral shifts, this index serves as a compass for understanding trends in giving.
Whether you’re a donor, a nonprofit professional, or simply interested in the world of giving, the JBWere NAB Charitable Giving Index is an informative platform to use. This Index is derived from NAB transaction data, and total giving recorded by this analysis represents around one-fifth of total giving reported by the charity sector to the Australian Charities and Not-for-profits Commission (ACNC).
Some important elements noted in this Index are as follows:
- Covid was seen as having a major negative impact on the growth in giving to charities. Only since mid-2022 have charitable contributions started to equal those of the pre-pandemic, with factors like the high cost of living, driven by heightened interest rates, preventing a swifter resurgence in philanthropic giving. The pandemic period represents approximately $3 billion in lost donations.
- How ‘mass market’ giving is faring compared to High Net Worth giving, Private Ancillary Fund establishment, and Corporate Community Investment
- How there have been dynamic changes between various cause areas of charities, driven partly by the public’s perception of need, with Health, Culture and Arts, and Religion as the primary cause areas of growth, and Environment and Animal Protection dropping.
- How the performances of the states with regards to charitable donations has fluctuated, with the Act, NSW and Victoria performing well, and SA making a strong recovery.
For the full detailed insight and analysis, visit https://www.jbwere.com.au/campaigns/jbwere-nab-charitable-giving-index- to find out more about how charities have changed.