Download Women Donors

Women Donors:
Philanthropy’s Untapped Resource
March 11, 2014
Kathleen Loehr, Managing Director
Orr Associates, Inc. (OAI)
Copyright © 2014 Orr Associates, Inc. All Rights Reserved.
My “WiP” Background
• President’s Council on Cornell Women
• American Red Cross’s Tiffany Circle
• Women & Philanthropy Conferences
• The Advisory Council for the Women’s Philanthropy Institute
• OAI
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Agenda
• Women’s Economic Impact
• How Women Give
• Results of Women’s Philanthropy
• Considerations for the Women’s Fund
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Women’s Economic Impact
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4
Women as Business Owners
Two of every five businesses in this country – more than 10
million enterprises – are women-owned
Their combined
wealth is estimated
to be more than
$6 trillion
Originally from Foundation Center WIP Presentation; sourced from Fem-anthropy: Women’s Philanthropic Giving Patterns and
Objectives, 2010
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5
Women as Wage Earners
& Investors
Women control nearly 60% of the wealth in
the United States
Source: “Women’s Wealth and Philanthropy,” Virginia Polytechnic Institute and State University,
2012
Women own 43% of
stock portfolios with
values over $50,000
Women own a majority of
all stocks traded on the
NY Stock Exchange
Women own 45% of
investments in other
markets
Source: Jewish Federation of North America, National Women’s Philanthropy: Philanthropic Profile, July 2011
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Women as Decision Makers
• 75% of all household purchasing
decisions are made by women
Source: The Wall Street Journal, “Who Makes the Call at the Mall,” 2010
• Women are increasingly the decision
makers when it comes to philanthropy: in
nearly 90% of high net-worth households,
women either are the sole decision maker
or an equal partner in decisions about
charitable giving
Source: Women, Money, and Philanthropy; Foundation Center WIP Presentation; Femanthropy: Women’s Philanthropic Giving Patterns and Objectives, 2010; and Jewish
Federation of North America, National Women’s Philanthropy: Philanthropic Profile, July
2011
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Women as Inheritors
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Women will inherit 70% of the intergenerational wealth in
the next 50 years
Many women will inherit twice – from their parents and
then from their male significant others.
Women with earned assets are more likely than any group
to put money and time into philanthropic endeavors
Sources: Foundation Center WIP Presentation; sourced from Fem-anthropy: Women’s Philanthropic Giving Patterns and
Objectives, 2010; Women, Money, and Philanthropy
Copyright © 2014 Orr Associates, Inc. All Rights Reserved.
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How Women Give
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Women’s Distinct Perspectives
Create
Celebrate
Change
Unique
Components
in a Typical
Woman’s
Giving
Process
Commit
Connect
Collaborate
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Designing Your Efforts for
Women
Fund specific
projects
Provide
opportunities for
collaborative efforts
to create change or
solve a problem
Incorporate values
into design
Promote emotional
ties
Develop cultivation
process
Show impact of
programs they
support
Increased
percentage of
women on the board
Address concerns
about financial
security and family
legacy
Source: Mangone & Co., Women in Philanthropy Program at the American Red Cross
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Results of Women’s Philanthropy
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Successes
• American Red Cross
– Tiffany Circle
• Jewish Federation of North America
– Lion of Judah
• Cornell University
– President’s Council of Cornell Women
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Considerations for the Women’s Fund
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Thoughts to Consider
What are YOU doing….
• To make philanthropy mission driven and tangible?
• To provide women with opportunities to create change
through their giving?
• To make the community aware of women’s value, both as
donors and as leaders?
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15
The Impact of the Ithaca Community
Thank you—
To the Community Foundation of
Tompkins County
and
To the Community of Ithaca
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Questions? Comments?
Kathleen Loehr
(202) 719-8051
[email protected]
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