In Foundations

Micronews on philanthropy.

Major Donors Driven By Wanting To Give Back

From Inside Philanthropy:

[A]report on high-net-worth giving, prepared for Bank of America by The Center on Philanthropy at Indiana University, which also reported the drop in nonprofits’ fundraising confidence, suggests nonprofits can do more to engage wealthy givers. Wanting to give back is what drives wealthy givers, who care little for public recognition of their giving, the report says. Those givers want to be connected to groups they support, and they expect those groups to be open and accountable and protect their privacy. Wealthy givers use “involvement” as a way to pass their giving values to their children, who in turn tend to give through their own foundations or donor-advised funds.

More here.

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