Many people are wondering how recent swings in the stock market may affect charitable giving.
The graph below shows that short-term, mid-year stock market volatility is not indicative of what happens to overall giving.
The Center on Philanthropy’s research finds that change in the Standard and Poor’s 500 Index at the end of a year is one of several predictors of giving (others include change in personal income, tax rate changes, and recent changes in actual itemized deductions).
| Event & Date |
Change for Annual Total Itemized Giving (%) |
Change of the Value of S&P 500 Index (%) |
| Year |
Change Compared to Previous Year (%) |
Previous Week |
During the Day |
In the Following Week |
From the Day to Dec. 31 |
|
1 From the Day to Dec. 29
2 Since the value for 9/11 was not available the calculations are done compared to the next available day (Sept. 17)
|
Oil Embargo
Oct. 17, 1973 |
1972 |
1.23 |
|
|
|
|
| 1973 |
5.22 |
0.89 |
-0.20 |
0.27 |
-11.29 |
| 1974 |
6.83 |
|
|
|
|
Stock Market Crash
Oct. 19, 1987
(Black Monday) |
1986 |
12.21 |
|
|
|
|
| 1987 |
-7.80 |
-8.63 |
-20.47 |
1.26 |
9.89 |
| 1988 |
2.68 |
|
|
|
|
Savings And Loan Crisis
Oct. 13, 1989 |
1988 |
2.68 |
|
|
|
|
| 1989 |
8.85 |
-0.94 |
-6.12 |
4.05 |
5.921 |
| 1990 |
3.21 |
|
|
|
|
9/11 Attacks
Sep. 11, 2001 |
2000 |
11.82 |
|
|
|
|
| 2001 |
-1.02 |
-3.57 |
N/A |
-0.582 |
10.522 |
| 2002 |
0.96 |
|
|
|
|
