Finally the data is proving what many of us have known all along: women are emerging as leaders in philanthropic impact. Women are not only making their own fortunes, but many are inheriting wealth through the intergenerational transfer, and they are exercising leadership in family philanthropy, shaping how wealth is being given away. Furthermore, women…
Nonprofits, especially the largest ones, are missing out on donations from women and hurting their missions by not putting more females in board and leadership jobs, according to a new poll commissioned by The Chronicle of Philanthropy and New York University’s George H. Heyman Jr. Center for Philanthropy and Fundraising, of nearly 650 women who work at nonprofits. Many women have ambition to get to the top: Fifty-seven percent of those who were not already CEOs said they aspire to lead a nonprofit.
Dane Grams spends a minute with Cristi Hegranes, founder and executive director, The Global Press Institute, to discuss her organization and its fundraising.
Women of the baby boomer and older generations give more to charity than their male counterparts and are more likely to give, when education, income and other factors affecting giving are equal, a new study from the Women’s Philanthropy Institute at the Center on Philanthropy at Indiana University finds.
At all income levels, and regardless of the share of their permanent income that they give, boomer and older women give 89 percent more to charity than their male counterparts.
The Walmart Foundation alongside six women’s foundations — The Washington Area Women’s Foundation, The New York Women’s Foundation, Women’s Fund of Mississippi, Women’s Foundation of Minnesota, Women’s Foundation for a Greater Memphis and Women’s Funding Network — announces the launch of the Partnership for Women’s Prosperity. The new national partnership intends to help economically vulnerable women gain financial and economic security through education, job training and employment opportunities.
Women are exerting a greater influence on how philanthropy is done as they accumulate wealth and use their clout to change the way funds are raised and distributed. Roughly 1 million women in the United States each have assets of at least $2 million, according to 2007 Internal Revenue Service data, the most recent available. Wealth controlled by charitably minded women can be expected to grow as they build careers and inherit money from their parents and their husbands.
Bright Pink is a national nonprofit organization with an annual operating budget of $900,000 that provides education and support to young women who are at high risk for breast and ovarian cancer.
Children’s Healthcare of Atlanta announced that the National Association for Female Executives (NAFE) named the pediatric nonprofit as one of the NAFE Top Nonprofit Companies for Executive Women. A newly released report revealed that women hold 38 percent of the executive positions at the NAFE Top Nonprofit Companies. The new report, conducted by the Working Mother Research Institute, also finds that women hold 27 percent of all board of director seats at the NAFE Top Nonprofit Companies, compared with 16 percent across the Fortune 500.
In nearly 90 percent of high net worth households, women are either the sole decision maker or an equal partner in decisions about charitable giving, according to the Bank of America Merrill Lynch 2011 Study of High Net Worth Women’s Philanthropy.
Wal-Mart has committed $100-million in grants to nonprofit groups that provide job training to women as part of a $20-billion campaign to boost female economic development, according to The New York Times and the Associated Press.
The grants will support development of work and financial skills for hundreds of thousands of women in the United States and abroad, including female employees at Wal-Mart’s suppliers.