Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
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 Copyright © 2014 Orr Associates, Inc. All Rights Reserved. 2 Agenda • Women’s Economic Impact • How Women Give • Results of Women’s Philanthropy • Considerations for the Women’s Fund Copyright © 2014 Orr Associates, Inc. All Rights Reserved. 3 Women’s Economic Impact Copyright © 2014 Orr Associates, Inc. All Rights Reserved. 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 Copyright © 2014 Orr Associates, Inc. All Rights Reserved. 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 Copyright © 2014 Orr Associates, Inc. All Rights Reserved. 6 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 Copyright © 2014 Orr Associates, Inc. All Rights Reserved. 7 Women as Inheritors 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. 8 How Women Give Copyright © 2014 Orr Associates, Inc. All Rights Reserved. 9 Women’s Distinct Perspectives Create Celebrate Change Unique Components in a Typical Woman’s Giving Process Commit Connect Collaborate Copyright © 2014 Orr Associates, Inc. All Rights Reserved. 10 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 11 Results of Women’s Philanthropy Copyright © 2014 Orr Associates, Inc. All Rights Reserved. 12 Successes • American Red Cross – Tiffany Circle • Jewish Federation of North America – Lion of Judah • Cornell University – President’s Council of Cornell Women Copyright © 2014 Orr Associates, Inc. All Rights Reserved. 13 Considerations for the Women’s Fund Copyright © 2014 Orr Associates, Inc. All Rights Reserved. 14 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? Copyright © 2014 Orr Associates, Inc. All Rights Reserved. 15 The Impact of the Ithaca Community Thank you— To the Community Foundation of Tompkins County and To the Community of Ithaca Copyright © 2014 Orr Associates, Inc. All Rights Reserved. 16 Questions? Comments? Kathleen Loehr (202) 719-8051 [email protected] Copyright © 2014 Orr Associates, Inc. All Rights Reserved. 17