Giving Tuesday only began two years ago, but the movement is quickly gaining momentum. The Lilly Family School of Philanthropy and the Case Foundation are partnering for a research project focusing on the impact of #Giving Tuesday.
Director of Research at the Lilly Family School of Philanthropy, Una Osili says they reached out to many groups to help determine a dollar amount.
"We have basically set up working arrangements with several data partners around the country that together account for a lot of the giving that's taking place online." explains Osili.
Social media giving trends, the number and age of people participating and non-profit reports will also be figured into the findings. Later this month the research team will compile a report on how #Giving Tuesday is affecting overall giving behavior.
Osili says currently there's no comprehensive data resource for #Giving Tuesday.
"Athough a lot of organizations have reported on data there isn't one organization like the National Retail Foundation or someone else that is kind of the go-to for that overall number," says Osili, "so we are kind of stepping into that role."
Since 2012, around 10,000 organizations have participated in the charitable effort raising an estimated $40 million.