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Joanne Fritz

Women Helping Women Through Philanthropy

By August 20, 2009

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This week's New York Times Magazine is all about women, especially women and the drive to raise money for women's causes.

The Women's Funding Network, encompassing more than 145 women's organizations, has joined with an effort by women of wealth, Women Moving Millions, to increase their collective funds by one billion dollars by 2018. The goal? To change the planet by helping women and children.

The rising tide of women's philanthropy reflects the fact that now, according to the IRS, 43% of individuals who have assets of at least $1.5 million are female. Furthermore, research shows that women donors differ significantly from men donors. The NY Times says in The Power of the Purse:

In general, women give differently than men. They are less likely to want their names on things and more likely to give as part of drives (large ones, like Women Moving Millions, and smaller ones, like living-room 'giving circles') that include other women. And they tend to spotlight different causes (womenís health, microfinancing of businesses owned by women) and for different reasons. A study of more than 10,000 large donors by the Center on Philanthropy at Indiana University suggests that while men describe their giving as practical ó filling in the gaps that government canít or wonít ó women describe theirs as emotional, an obligation to help those with less.

More about Women's Philanthropy and Giving Circles.

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