Over the next two years, charitable giving to education is expected to grow, according to an annual prediction of growth rates in American philanthropy from Indiana University's Lilly Family School of Philanthropy.
According to the Philanthropy Outlook 2016 & 2017, as the report is called, charitable giving to education is expected to increase by 6.3 percent in 2016 and an additional 6.1 percent next year. The report's definition of education includes higher education and K-12 schools, as well as libraries and other types of educational organizations. Researchers expect education giving to outpace overall giving, which is predicted to grow 4.1 percent this year and an additional 4.3 percent next year.
Giving by foundations is expected to increase more than any other sources. Individuals and households will give more than in past years, but growth in that category will be smaller compared to other sources. Projected growth in the S&P 500 Index, personal income and the net worth of households and nonprofits will contribute the most to charitable giving in the next two years, the report predicts.
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