Vermont Business Magazine Last week, the Vermont Community Foundation’s Insight Hub, its research-driven arm focused on providing insight to inform charitable giving, published a brief on how charitable individuals can use their philanthropy to help vulnerable Vermonters cope with soaring inflation and rising consumer prices. The Insight Hub offers webinars, events, briefs, and peer-to-peer experiences that help philanthropists understand where their giving can make a difference.
"There's an argument out there that in fact the rich and the poor face different inflation rates," notes one professor of economics. In December 2021, the Consumer Price Index (CPI) jumped 7 percent, the largest 12-month increase since 1982. Moreover, inflation tends to hurt people at the bottom of the income ladder more than those at the top. In this brief, discover:
· What factors are contributing to the current inflation we are experiencing
· Three suggestions for how philanthropists can help during this time of inflated consumer prices
· Additional resources to explore for deeper learning
To download “Up, Up, and Away: Three things donors can do to help Vermonters cope with soaring inflation”, visit vermontcf.org/inflation, email [email protected], or call 802-388-3355 ext.246. To access additional briefs on topics such as mental health, entrepreneurship, arts recovery, climate change, and home ownership, visit vermontcf.org/insighthub.
The Vermont Community Foundation inspires giving and brings people and resources together to make a difference in Vermont. A family of hundreds of funds and foundations, we provide the advice, investment vehicles, and back-office expertise that make it easy for the people who care about Vermont to find and fund the causes they love.
The heart of the Community Foundation’s work is closing the opportunity gap—the divide that leaves too many Vermonters struggling to get ahead, no matter how hard they work. We are aligning our time, energy, and discretionary resources on efforts that provide access to early care and learning, pathways to college and career training, support for youth and families, and community and economic vitality. We envision Vermont at its best—where everyone has the opportunity to build a bright, secure future. Visit vermontcf.org or call 802-388-3355 for more information. For information on our COVID-19 response, visit vtcovid19response.org.