Giving Tuesday and Baltimore's Philanthropic Spirit
Greater Baltimore’s spirit of entrepreneurship and innovation extends beyond the startups, the incubators, and the universities. As 2018 nears its end, we reflect on the importance of Giving Tuesday, a globally recognized day of giving that kicks off the year’s most charitable season.
Founded in 2012 by New York’s 92nd Street Y—in partnership with the United Nations Foundation—Giving Tuesday is a global movement that engages millions of individuals and thousands of organizations worldwide.
According to Giving USA, charitable giving in the US exceeded the $400 billion mark in 2017; giving to foundations increased 15.5% in 2017, far outpacing the growth of total giving. WalletHub’s 2017 ranking of “Most Charitable States” ranked Maryland second overall. Beyond charitable giving, the nonprofit sector is an important and vital component to the region’s success, encouraging inclusivity, opportunity, and community growth.
Both the Greater Baltimore region, and the state of Maryland, is known for having a thriving nonprofit sector. Recently, the Independent Sector reported that Maryland’s nonprofit sector generates more than $54.6 billion in annual revenues and residents give a little over $5 billion to charities each year, representing 3.2% of the household income.
Organizations like the Abell Foundation—founded in and headquartered in Baltimore—cater to the most vulnerable populations, providing grants that focus primarily on benefitting families experiencing poverty, as well as providing employment and education opportunities.
The Kennedy Krieger Institute, also headquartered in downtown Baltimore, is an internationally recognized institution that is “dedicated to improving the lives of children and young adults with pediatric and developmental disabilities and disorders.” A Johns Hopkins affiliate, KKI was founded in Baltimore in 1937 and has an international reputation that brings prospective patients from all over.
“At CivicWorks, we believe that nonprofits thrive when funding partners underwrite creative approaches to community problems,” said Dana Stein, Executive Director of the organization. “With the help of the Abell Foundation, the Weinberg Foundation, and the Stollman Foundation, new CivicWorks programs have been funded to provide counseling and affordable housing services.”
This year, Giving Tuesday landed on November 27, though the spirit of the movement is meant to carry through to the end of the year. With over $300M raised online and 2.5 million gifts collected to date, Giving Tuesday has proven the power of collaboration between individuals and organizations who seek out to help bolster their communities.