Women Are Making More Charitable Donations

On September 12, 2008, the St. Petersburg Times reports that charitable giving by women has increased as women have advance in the corporate environment.  Here is an excerpt from the story:

“Women are traditionally volunteers, not philanthropists,” said Deborah Kotch, president of St. Joseph’s Hospital Foundation. “Their giving money, in addition to giving time, has evolved over the last two decades.”

With more women earning college degrees and owning businesses, they’ve become prime targets for donations in their own name, separate from a spouse.

“They approach philanthropy decisions differently,” continued Kotch, noting a $15-billion increase in women’s charitable giving since 1996.

For the entire story, see “Growing financial independence opens doors for women beyond fundraising” in the September 12, 2008, issue of the St. Petersburg Times.

DAB