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Trends in philanthropy
There are now more than 90 foundations created by and donating to women–up from five just 20 years ago, Business Week reported October 3, 2000. The magazine reported on the increasing trend of women giving to charity–they have long volunteered, the magazine said– driven by their increasing financial independence. Women are donating as much of their annual income as men, the article said, and, because they live longer and often manage family finances, are expected to eventually benefit more from the expected intergenerational transfer of wealth than men. But despite their increased giving power, women are still in
the minority in foundation boardrooms, according to a recent study from Women
& Philanthropy. In a survey of "middle-tier" foundations
(those that annually give between $6 and $16 million), the association found
that women make up only 30 percent of these foundations’ trustees. This
study, Trustee Connection: The Middle
Tier, is meant to serve more as a snapshot of diversity–from gender to
race to sexual orientation–than as a composite picture. |
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