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America’s Superrich Made Near-Record Contributions to Charity in 2017

The median annual giving by the 50 most generous donors last year reached $97 million — nearly double what it was in 2000, the first year The Chronicle conducted its Philanthropy 50 analysis — even after adjusting for inflation. Collectively, this group of philanthropists gave away $14.7 billion — the largest total since 2008, when the Great Recession began to strait-jacket philanthropy. It’s also the third-largest in the 18-year history of the survey.

The 2017 giving spree was fueled by huge donations from many relatively young major philanthrCash rooted in coins on book surrounded by handsopists who are still accumulating great wealth — and who are likely to make big gifts for years to come.

More information available via The Chronicle of Philanthropy (2.8.18).

Filed Under: Data, Fundraising, general, Major Gifts, Uncategorized, Wealth Tagged With: major gifts

Getting the Wealthy to Donate

Behavioral scientist Christopher Bryan has said, “We’re often so focused on getting people to do the right thing for what we think is the right reason, we forget we just need them to do the right thing.”  How do we engage our wealthy prospects whom are only peripherally involved with our organization? Two points to consider: Wealth does not equal charitable giving.  One appeal does not fit all.

What if we changed the way we talked about charity, so that it better resonated with how wealthy people think of themselves?  Would they donate more?  These are the questions posed in a series of studies, the results of which were published in the Journal of Experimental Social Psychology.  Researchers suggest that wealth should define the types of appeals that are most likely to be effective at motivating giving behaviors based on the differences in people’s self-concepts.

By tailoring messages based on people’s self-concepts by either emphasizing common goals or individual achievement, it’s possible to not only have a better opportunity of connecting with our pool of peripheral wealthy prospects but to catalyze giving across the socioeconomic spectrum and build our pipeline.

Highlights
•Social class is associated with differences in people’s self-concepts.
•These self-concepts should define effective appeals for encouraging generosity.
•Charitable appeals emphasizing agency encourage donations for more affluent.
•Charitable appeals emphasizing communion encourage donations for less affluent.
•Tailoring messages to fit wealth-based self-concepts enhances charitable giving.

Filed Under: Charity, Fundraising, general, Prospects, Wealth Tagged With: charity, wealth

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