The trends in giving have experienced fluctuations, with occasional significant increases. These spikes can be attributed to humanitarian crises, such as the 2019 earthquake in Albania and the 2020 COVID-19 pandemic. The year 2020 saw the highest level of giving, followed by a decline in 2021.
However, a considerable increase in giving was observed in 2022. This growth in philanthropy is predominantly focused on poverty relief efforts. We believe that the reason for this may be negative economic trends, including lower GDP projections for 2022 and high inflation.