U.S. economic challenges not expected to derail 2023 charitable giving

Jan 26, 2023

4 min

Church Mutual® survey finds more than half of Americans expect to maintain or increase their donations in the new year; uncovers giving trends by generation


MERRILL, Wis. – Even with the looming threat of rising inflation, a potential recession and corporate workforce reductions, Americans remain steadfast in charitable giving. In its new Risk Radar Report – Charitable Giving in America1, Church Mutual Insurance Company, S.I. (a stock insurer)2, an insurer of nonprofits, schools, camps and houses of worship, found more than half of Americans (53%) expect to maintain their 2022 charitable donations/giving behavior in the new year. Moreover, 10% expect to increase the amount they’re giving to charity in 2023.


“Nonprofits, schools, camps and houses of worship rely on the selfless generosity of others to fulfill their missions,” said Nicole Jolley, Church Mutual’s assistant vice president – Nonprofit and Human Services. “Of the 71% we surveyed who currently donate to charity, 63% expect to maintain or increase their giving in 2023. That’s encouraging news for purpose-driven organizations nationwide since a decrease in donations can put many organizations at risk.


Twenty-five percent of survey respondents plan to reduce their donations in 2023. Reasons cited include concerns about their ability to make routine payments (house, car, etc.), job stability and financial capacity to give to charitable causes.


Giving Trends by Generation

Risk Radar Report also uncovered several key expected giving trends by generation, including:

  • Most Baby Boomers (65%) anticipate making no changes to their charitable giving in 2023.
  • Members of Generation Z (31%) are most likely to decrease charitable giving in 2023, followed closely by Generation X (30%).
  • Millennials (15%) are most likely to increase charitable giving in 2023.


2023 Giving Expectations


“Given that older generations are often more established financially than younger generations, it makes sense that we see differences among charitable giving plans for 2023,” said Jolley. “Moreover, it’s encouraging that Generation Z (11%) and Millennials (15%) surpass Baby Boomers (7%) and Generation X in increasing their expected level of giving for the new year.”


In terms of earmarking their donations for certain types of organizations, Risk Radar found that Generation X is the most likely to donate to houses of worship; Generation Z to schools; Millennials to camps; and Baby Boomers to other nonprofits.


Charitable Givers Prefer Tried-and-True Donations Methods

Even with the proliferation of online and mobile/app-based giving methods, Risk Radar found that most charitable givers are sticking with tried-and-true methods. Seventy percent of those who donate do so via delivering cash or a check in person or through the mail. In fact, in-person cash and checks are the preferred donation method even for tech-savvy Generation Z.



Said Jolley, “Many nonprofits, schools and houses of worship have been operating under the assumption that donations have been increasingly moving to online and mobile platforms. However, the data shows that’s not the case. Organizations need to remain flexible in how they solicit and accept donations to maximize their fundraising potential.”


Fundraising Tips

Even with the majority of Americans maintaining or increasing their charitable giving in 2023, Church Mutual has three key tips for nonprofits, schools, camps and houses of worship looking to increase donations in the new year:

  • Offer multiple platforms/channels for accepting donations – and don’t discount traditional methods such as in-person cash/check delivery.
  • Use potential economic downturns or challenges as opportunities to ramp up fundraising activity – consumers still expect to donate to the organizations and causes that are important to them, and a meaningful number are actually looking to increase their contribution level.
  • Consider generational differences and preferences (e.g., financial security, purpose-driven orientation) when reaching out to perspective donors – personalization is key.


As always, when working with donations it’s increasingly important to continue protecting organizations from theft. Donors should always know the authorized methods of giving so they’re not caught by a scam attempt while organizations themselves should keep up to date on theft and cybersecurity trends and have measures in place to prevent unauthorized access.


Additional theft and cybersecurity safety resources can be found at:




About Risk Radar Report
Charitable Giving in America is the latest in Church Mutual’s Risk Radar initiative that uses proprietary, primary research to gather key, forward-looking insights for nonprofits, schools, camps and houses of worship, helping them maximize opportunities and minimize risk. Risk Radar Report – Charitable Giving in America surveyed 865 Americans (18+).

About Church Mutual
Church Mutual Insurance Company, S.I., founded in 1897, offers specialized insurance for religious organizations of all denominations, public and private K-12 schools, colleges and universities, senior living facilities, secular and non-secular camps and conference centers, and nonprofit and human services organizations throughout the United States. Church Mutual markets most lines of commercial property and liability insurance, including multi-peril, workers' compensation and commercial auto insurance. In addition to insurance, Church Mutual provides a spectrum of value-added solutions that benefit its customers. Church Mutual holds the following honors:

• A.M. Best Company "A" (excellent) rating.
• Wisconsin 75 Top Private Company by Deloitte US, 2016, 2017, 2018, 2019, 2020, 2021 and 2022.
• Wisconsin 75 Distinguished Performer: Innovation by Deloitte US 2019.
• 2021 Gallup Culture Transformation Award recipient.
• 2022 Social Equity and Community Empowerment Property and Casualty Company Award recipient from the American Property Casualty Insurance Association.
• 2020 Women and Diversity Award recipient from the American Property Casualty Insurance Association.
• Elite 50 Internship Award recipient from Rising Insurance Star Executives.
• Futuremakers Partner by Wisconsin Technical College System.
• Celent Model Insurer for innovation and emerging technologies.
• Award in Innovation for entrepreneurialism and innovation by National Association of Mutual Insurance Companies.
# # #

1 Church Mutual Insurance Company, S.I. conducted an online survey through SMS Research Advisors, The Church Mutual Risk Radar Report – Charitable Giving in America, in November 2022, with a nationally representative sample of 865 adults aged 18+.

2Church Mutual is a stock insurer whose policyholders are members of the parent mutual holding company formed on 1/1/20. S.I. = a stock insurer.


You might also like...

Check out some other posts from Church Mutual

1 min

Insurance and inflation

The insurance industry currently faces challenges. These challenges are now being offset to customers in the form of increased premium prices and even the ability to get insurance. Pam Rushing, president - subsidiaries and chief underwriting officer, addressed changing weather patterns in the first part of a series for Worship Facility. The second part of this three-part series discusses inflation and helps readers ensure the have the proper coverage for whatever may come their way.

1 min

Church Mutual® shares swim safety tips with Church Executive readers

With summertime in full swing, it's important to remember the different safety measures that should be in place before you take a group of people swimming. Eric Spacek, assistant vice president - Risk Control, answered questions from Church Executive outlining the best way to keep swimmers safe.

2 min

Collins joins Church Mutual® Marketing team

MERRILL, Wis. – Sarah J. Collins has joined Church Mutual Insurance Company, S.I. (a stock insurer)1 as assistant vice president – marketing. She will be based in the company’s Milwaukee Office and lead marketing functions nationwide for the Church Mutual family of companies. Collins brings a wealth of marketing and management experience to Church Mutual, having served in leadership roles for marketing/advertising agencies as well as corporate firms in Wisconsin, Florida and Toronto, Ontario. She specializes in digital innovation, branding, advertising and revenue growth. At Church Mutual, she will lead all traditional and digital marketing efforts. "We are thrilled to welcome Sarah as the newest addition to our team. She brings decades of experience and expertise to our organization," Kevin Root, senior vice president, sales and customer experience. “Her strategic vision, coupled with her exceptional leadership and communication skills, position her as an invaluable asset in growing the Church Mutual family of companies.” A resident of Wauwatosa, Wisconsin, Sarah holds a bachelor’s degree in strategic communications and public relations from the University of Minnesota. # # # About Church Mutual Church Mutual Insurance Company, S.I., founded in 1897, offers specialized insurance for religious organizations of all denominations, public and private K-12 schools, colleges and universities, secular and non-secular camps and conference centers, and nonprofit and human services organizations throughout the United States. To learn more, visit churchmutual.com. 1Church Mutual is a stock insurer whose policyholders are members of the parent mutual holding company formed on 1/1/20. S.I. = a stock insurer.

View all posts