Philanthropy continues to evolve and expand each day. As funder and nonprofit technology rapidly advances to further connect and enable change, so are new industries pushing increasing amounts of funds towards diverse causes across the globe. In fact, aspects of our society that previously rarely felt the positive effects of grantmaking are now experiencing the benefits for themselves.
Most people think of philanthropy as a niche, feel-good space supported by simple donations rather than the massive global market that it is. A market that continues to affect policy and change millions of lives worldwide. The nonprofit space currently encompasses an impressive 2.1 percent of the total U.S. GDP, mobilizing over 1.5 million nonprofit and funder organizations, and $410 billion of investments in the social sector.