Research shows that women are generally more generous than men when it comes to giving back. Women now control around one-third of U.S. household assets (about $10 trillion) and influence most family financial decisions, including charitable donations. By 2030, it's predicted that they'll manage up to 70% of inherited wealth from baby boomers.
A significant wealth transfer is expected, with nearly $35 trillion shifting to women in the coming years. This raises questions about how they will use this money—whether it be for investments, spending, or philanthropy.
Research shows that women are generally more generous than men when it comes to giving back. Women now control around one-third of U.S. household assets (about $10 trillion) and influence most family financial decisions including charitable donations. By 2030, it's predicted they'll manage up to 70% of inherited wealth due from baby boomers.
Women still face challenges within traditional philanthropic structures often dominated by male perspectives. An inclusive approach will foster diverse perspectives, leading to more innovative and effective solutions for addressing societal issues.
Additionally, philanthropy often overlooks women and BIPOC leaders, despite their growing roles in organizations. Most large foundations were established by men, with little focus on women's perspectives. That translates to underfunding of issues affecting women and girls As wealth shifts toward women making financial decisions, philanthropy must adapt or risk losing influence and potential social impact opportunities.
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Are Women Donors the Key to Unlocking More Giving? (SSIR)
They own a growing share of wealth, but the sector isn’t yet set up to meet their needs.
Heather McLeod Grant
