Monday, June 12, 2017

The Charitable Role of Women

One way in which women approach their finances differently from men is in their charitable giving. According to the recent Woman and Giving survey released by Fidelity Charitable, women are more spontaneous, engaged and empathetic. Half of the women interviewed say they give in the moment rather than as part of a formal giving strategy, as opposed to just 40 percent of men.

Woman-headed households are more likely to give to charity than male-headed households. At nearly every income level, women donate almost twice as much as men, but women in the top 25 percent of permanent income give 156 percent more than men in that same category.

Boomer women tend to be more confident and strategic in their philanthropy. Seventy-two percent of boomer women are satisfied with their philanthropy, compared with just over half of Millennial women.

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