Gilbert eats breakfast at the Lazarus House Ministries morning soup kitchen on August 16, 2019 in Lawrence, Massachusetts.
Spencer Platt | Getty Images
A strong economy tends to boost individual giving to charity. While economic growth has been strong over the last three years, giving by individuals is down since 2017, when the tax law changed, doubling the standard deduction and keeping many people from itemizing.
According to Giving USA, individual giving fell by 1% in 2018 compared with 2017.
That change had put a gloomy forecast on individual giving, but the picture may not be as bleak as originally expected.
The non-partisan U.S. Congress Joint Committee on Taxation predicts that individual giving to causes outside of education and health will hit $33 billion in 2019 and rise to $37 billion in 2022, that’s up from $30 billion and $34 billion, respectively.
Fidelity Charitable, which manages two hundred thousand donor accounts, with a median value of $17,000 each, has seen giving…