Earlier this month, we enjoyed catching up with old friends and making new ones at the 2018 VFRI conference. This year in particular was incredible as I had the opportunity to chair the conference. I was inspired by the passion that my fellow fundraisers have for their organizations and for our profession. I was invigorated by… Read more »
Posts Categorized: High-Net-Worth Individuals
Giving USA 2018: Giving reached over $400 billion!
Powered by a booming stock market and a strong economy, charitable giving by American individuals, bequests, foundations and corporations to U.S. charities surged to an estimated $410.02 billion in 2017, according to Giving USA 2018: The Annual Report on Philanthropy for the Year 2017, released today. Giving USA is the longest-running and most comprehensive report of its kind… Read more »
Decoding Donor-Advised Funds: From Data to Practical
Donor-advised funds began in the 1930s, but in recent years these funds have become the fastest growing vehicle in philanthropy. Contributions to donor-advised funds grew at three times the rate of total charitable giving in 2016 according to the National Philanthropic Trust. Donor-advised funds defined: Donor-advised funds (DAF) are donor-established philanthropic funds that are maintained, operated… Read more »
New insights for stewarding high-net-worth households
A closer look at this population’s motivations, expectations and behaviors, according to the recent U.S. Trust study How engaged are the wealthy in philanthropy? What drives their giving? How much are they giving? What would inspire them to give even more? These questions are thoroughly addressed in the 2016 U.S. Trust Study of High Net… Read more »
“The Greater Good” – What drives high-net-worth giving across generations
How do your major donors define “a life well-lived”? This is one of the key questions addressed in the 2015 Insights on Wealth and Worth Survey, conducted by the U.S. Trust. Since 1993, this periodic survey of wealthy individuals and families has highlighted differences and similarities in values and, ultimately, what motivates giving. This year,… Read more »
Wealth advisors on your board? Help them help you.
After two recent conversations with wealth advisors, who were also nonprofit board members and were wrestling with whether they should discuss their own philanthropic priorities with their clients, I began to give this topic some thought. These individuals understood that, as board members, they were expected to be connectors, but they were trying to balance… Read more »
Wealthy Donors Are Giving Big
The headline says it all: “Year-End Giving Season Is Bountiful for Charities That Rely on the Wealthy.” Not only is this encouraging news for nonprofits, it’s validating for us. Over our 22-year history, we’ve stressed the incomparable value of high-net-worth donors, and we’ve hit that message even harder during the economic downturn because we know they’re… Read more »
Cultivating High-Net-Worth Donors
After a recent meeting with a client and a high-net-worth donor, I was reflecting on the recent data from the 2010 Study of High Net Worth Philanthropy. The study results showed that these donors typically make their giving decisions with their spouse and like to involve their children and families wherever possible. These donors are… Read more »
High-Net-Worth Philanthropy Study Published
Yesterday, the 2010 Study of High Net Worth Philanthropy was released. Produced by Bank of America, Merrill Lynch, and the Center on Philanthropy at Indiana University, this is the third edition of the study, which was also issued in 2008 and 2006. High-net-worth households are defined as those with annual incomes of $200,000 or more,… Read more »
