PAST SEMINAR : Trends in Philanthropy
Trends in Philanthropy for High Net Worth Households and the Rising Generation
Date: January 18, 2017
Time: 8:30 a.m. – 10:00 a.m.
Location: Colorado Mountain College Aspen Campus, Aspen, Colorado
Description: A number of very good “trends in philanthropy” studies have been conducted over the last couple of years.
This workshop led participants through a discussion of the compilation of highlights from several reports.
A Few Highlights Discussed Included:
- Gen Xers and Millennials Could be the Most Significant Philanthropists Ever
- Focus on Impact: Nearly 3 in 5 younger family foundations are exploring how to measure and assess their impact. Meanwhile, nearly one half, 48%, of older foundations are taking similar steps. Expect to see a variety of innovative new approaches for tracking impact.
- Millennials’ worldview is distinct from Baby Boomers. They approach philanthropy with a more global, social and inclusive outlook and express more optimism about philanthropy’s ability to impact the issues most important to them.
- Empowering and Educating the Rising Generation: While everyone is reporting a desire for results, the feelings of confidence and knowledge about effective and fulfilling charitable giving has decreased for many High Net Worth donors. Many relate this to the rise of the next generation, who are in the process of learning. It also relates to the surprising discovery that 62% of families did not try to involve their younger members in family philanthropy and 20% found it inconvenient to involve them due to timing, geography, etc. Thus, not providing educational or learning opportunities for their rising generation.
Studies Referenced (Full Reports at Resources):
- U.S. Trust Study of High Net Worth Philanthropy
- 11 Philanthropic Trends for 2017
- WomenGive2016
- Trends Study: Results of the First National Benchmark Survey of Family Foundations
- GildedGiving: Top Heavy Philanthropy in an Age of Extreme Inequality
- The Future of Philanthropy: Where Individual Giving is Going
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