2011 Study of High Net Worth Women’s Philanthropy

Submitted by asklar on Fri, 12/16/2011 - 11:12am

The 2011 Study of High Net Worth Women’s Philanthropy is the latest in a series of industry-leading reports that began in 2006. The latest report is based on nationwide surveys of wealthy donors completed in 2010 and 2011, and was again conducted in partnership with The Center on Philanthropy at Indiana University.

 
As women create and control a growing share of wealth in the U.S., their power and influence in philanthropy is becoming more evident. The study reveals that women:
  • Spend more time than men on due diligence when making charitable decisions.
  • Want a deeper level of communication with the nonprofits they support and place greater importance on its efficiency, effectiveness and the impact of their gifts.
  • Were found to be more strategic in their charitable giving, with 78 percent creating an annual giving strategy and/or budget, compared to 72 percent of men.
2010 Bank of America Study of High Net Worth Philanthropy
Charitable giving by high net worth households to nonprofit organizations accounts for about two-thirds of all individual giving and about half of all charitable giving in the U.S. (1)
 
Through an ongoing research partnership with the Center on Philanthropy at Indiana University, which began in 2006, the 2010 Bank of America Study of High Net Worth Philanthropy reveals significant shifts as well as consistent trends in the attitudes and giving behaviors of wealthy donors, including which nonprofit sectors they support, how they direct their largest gifts, what motivates them to give and to discontinue support for a nonprofit organization, where and how often they volunteer, and who they turn to for advice about philanthropy. The latest study also examines new areas of research, including how charitable decisions are made within households, investment risk tolerance as it pertains to donors’ philanthropic assets, and how wealthy individuals respond to disaster relief.
 
This biennial study has become a significant resource for understanding the motives and methods of giving among wealthy Americans and is used to inform the practices of nonprofit organizations and to foster peer learning among donors themselves.
 
The study also provides key insights for those who advise the wealthy on their charitable giving strategies.
URL: 
http://mediaroom.bankofamerica.com/phoenix.zhtml?c=234503&p=mediaMention&id=394026