Presidential election outcome to influence charitable contributions
October 03, 2012
The outcome of the upcoming presidential election could spur sweeping changes across industries in the United States, and a recent study by global consulting firm Dunham+Company revealed it will likely affect nonprofits as well. The poll was conducted as part of the Campbell Rinker Donor Confidence Survey, which asked 454 adults who had made at least small contributions within the past year to describe how the presidential election result might influence their giving.
Overall, the study found that while 16 percent of donors said they would stymie contributions if Mitt Romney wins the election, 21 percent will rein in giving if President Barack Obama is brought back for a second term.
"Giving from the most generous households in America could take a significant hit depending on the election result," said Rick Dunham, president and CEO of Dunham+Company. "45 percent of conservative donors, which have been shown to be the most generous donors per capita in America by … say they will give less if Obama is re-elected."
Regardless of the election outcome, foundations and organizations can make the most of their annual funding with solutions such as nonprofit accounting
software, which can help board members audit funds and make sure the correct amounts are being distributed to various programs each year.