How Women View and Practice Generous Giving

 

Women have unique ideas and priorities around giving, prompting the National Christian Foundation to devote an issue of its Saturday7 newsletter to that topic. It asked Julie Wilson, the President of Women Doing Well, whose mission is to activate women of influence to live lives shaped by God’s generosity, to curate the issue.

According to the Women Doing Well website, using data for the United States:

  • $10 trillion in financial assets are currently managed by women.

  • $30 trillion in financial assets will be managed by women by 2030.

  • Women own 51% of all personal wealth.

  • Women control 48% of estates worth more than $5 million.

  • 48% of millionaires are women.

  • 49% of firms are owned or co-owned by women, generating about $3.2 trillion in revenue and employing nearly 17 million people.

One of the articles in the Saturday7 newsletter, “The Role of Women in the Greatest Stewardship Opportunity in History,” reports:

  • Women are more likely to be the primary decision-makers for household giving (45% of women vs 38% of men).

  • Women are more likely to make regular donations from their paycheck (47% of women vs 33% of men).

  • Women are twice as likely to be already participating in collaborative giving (25% of women vs 12% of men), meaning they pool resources with others.

  • Desire for collaboration is strongest among women ages 44 and younger.

For more insights from Julie Wilson on women’s generosity, see this Finish Line podcast (episode 73), this Wealth Edit video interview, or the research report titled The Impact of Women (fee-based), which Barna Group published in partnership with Women Doing Well, Generous Giving, Gloo, Generis, and VOMO.org (software for Volunteer Mobilization).

Julie Wilson is also an upcoming guest on ECFA’s Behind the Seal podcast (season 2).

 

 

This text is provided with the understanding that ECFA is not rendering legal, accounting, or other professional advice or service. Professional advice on specific issues should be sought from an accountant, lawyer, or other professional.