Food banks and toy drives in the U.S. are in need of holiday donations as many struggle to keep up with rising demand while inflation takes a toll on organizations and families.
"Nonprofits are facing the combination of increased costs, decreased resources, increased demand for their services and a massiveall of which combine to make it harder to keep up with that demand for their help," Cohen told FOX Business.
A survey released by the U.S. Federal Reserve in November noted that approximately 70% of public service nonprofits have seen an increase in demand compared to last year, and 43% said they've seen a "significant increase." Qgiv, Inc., a nonprofit fundraising software company based in Lakeland, Florida, reported that charitable donations made on Giving Tuesday increased by over 5% compared to 2021, but there was a 4% decrease in the average donation amount, which went down to $151.
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