Rich women are more likely to donate money and time to charity than their male counterparts, according to a report on the philanthropy of wealthy Americans.
About 93% of wealthy women donated money to charitable organizations last year, compared to 87% of affluent men, according to the 2018 study by the American Confederation on Philanthropy of the United States. high net worth. Women were also more likely to volunteer: 56% did so, compared to 41% of men.
One in four wealthy women have addressed women's and girls 'causes, including women's health, violence against women, reproductive health, girls' education and development.
"This is a highlight for women and girls," said Hannah Kanstroom, an expert in philanthropic practices at US Trust. "We see the positive implications of philanthropic giving and volunteering."
What explains the difference between the sexes in the habits of giving men and women? A 2011 study suggests that women tend to have more "concern for empathy" than men and that this trait is related to giving to charity.
The findings of the report are based on a survey of 1,646 US households with a net worth of $ 1 million or more (not counting the value of their principal residence) and / or an annual household income greater than or equal to equal to $ 200,000. The average net worth of respondents was $ 16.8 million, and their average annual household was $ 331,156.
It is perhaps not surprising that these wealthy households are more likely to donate to charities. About 90% did so in 2017, compared to 56% of all households. These wealthier families donated an average of $ 29,269 to charities, up 15% from $ 25,509 in 2015.
What explains the difference between the sexes in the habits of giving men and women? One theory suggests that women tend to have more "concern for empathy" than men and that this trait is related to giving to charity.
Women were often motivated to give to groups supporting their own gender: one in four women rich gave to women's and girls' causes, including women's health, violence against women, reproductive health and reproductive rights, as well as girls' education and development.
"They think meeting the needs of women and girls is the most effective way to solve other programs in society," said Kanstroom. "Women recognize that when their lives are improved, it creates benefits and opportunities for their extended family, future generations and even the wider community."
Another recent study looked at donations to charities after the 2016 US presidential elections and revealed that it was one of a kind. galvanizing moment for women's donations. They increased their charitable donations in the week following the election, sending an average of $ 1,000 more than men to groups directly related to the issues debated during the election period.
(This story was last updated on January 16, 2019.)
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