How will
COVID-19 affect your giving?
That’s the
question that was posed to a group of friends meeting recently (online).
It came
from the head of an international relief and development agency, which is anticipating
a deep fall in giving this year.
The group
included several retired people, one semi-retired, and a couple still in the regular
workforce.
The consensus
was we all will still give—just not give as much as before, or to as many charities.
For those
on fixed incomes, who give a percentage of their incomes, they will give the same percentage. But due to the falling stock market, that will mean smaller amounts this year.
Others
said they will still give, but likely give less due to reduced earnings and general uncertainty
about the future.
Some said they will adjust their giving. They will continue to support key charities
of great importance to them, but maybe drop some “extras” they give smaller
amounts to.
Everyone
said they were taking a pause in their giving right now, due to the pandemic.
They indicated they would be open to giving if an organization gave them a
compelling COVID-19-related reason to give right now.
None in
the group are rich; no charity will rise or fall based on our giving. But we
are faithful and regular, the kind of people charities depend on.
For the
questioner, the answers were both positive and concerning.
It was
positive, he said, to hear that we were still committed to being generous. But
he also understood the circumstances facing the group; his agency will need to
reduce its expectations for this budget year.
What will
happen to your giving during COVID-19?