Time: A More Precious Gift than Money
Philanthropy Today - August 2009
- A U.S. News & World Report article attests that for a new generation of philanthropists, giving to charity isn't just about writing checks. Instead, the focus is on volunteering, socializing, and networking - activities that contribute to good causes. "Many Generation X-ers are more interested in social advocacy and engagement philanthropy," says Dwight Burlingame, associate executive director at the Center on Philanthropy at Indiana University. That means they are more likely to want to spend their time working directly with organizations instead of just donating money: http://www.usnews.com/blogs/alpha-consumer/2009/07/27/the-new-generation-of-philanthropists.html
- According to Forbes, in the United States it's the poor, not the wealthy, who give the highest percentage of their income to those in need. But the amount you give won't matter unless you make sure your money gets to the right place. It's worth doing a little research to make sure your hard-earned dollars are put to good use: http://www.forbes.com/2009/07/30/choosing-charity-efficient-donating-personal-finance-charities.html
- A report published in July by Barclays Wealth, a leading global wealth manager, entitled "Tomorrow's Philanthropist," paints a picture of the way in which the changing attitudes of high net worth donors is altering the future of charitable giving. According to the report, "The New Age of Philanthropy" is characterized by a generation of increasingly charitably-inclined and socially-involved wealthy donors. Education and upbringing have played a vital role in shaping the values of this generation: http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20090714006072&newsLang=en