The 2023 Resource Tracking Report by Funders for LGBTQ Issues reveals a substantial decline in philanthropic donations to LGBTQ+ groups in the US, totaling $209.4 million, down by nearly $49 million from the previous year. This represents a 22% inflation-adjusted fall. A mere 20 cents of every $100 donated supported LGBTQ+ causes. The funding drop affects nearly every sub-sector of LGBTQ philanthropy and impacts the ability of organizations to address critical needs amidst increasing political attacks on trans rights.
In 2023, philanthropic donations to LGBTQ+ communities from US foundations totaled $209.4 million, reflecting a drop of about $49 million compared to the previous year.
For every $100 donated in 2023, only 20 cents specifically supported LGBTQ+ communities, signaling a troubling decrease in funding amid ongoing political attacks.
Transgender, gender-non-conforming and non-binary causes received approximately 17% of all funding, leaving little for marginalized groups like asexual people and bisexual individuals.
The significant decrease in funding for LGBTQ+ groups is alarming, particularly in light of persistent legislative attacks and regressive social policies affecting these communities.
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