WealthyDonors

Wealthy Donors Prefer Gifts to Universities

According to a study conducted by British private bank Coutts, donors who gave more than £1 million last year gave overwhelmingly to universities.

45 gifts above the million pound mark went to academic institutions, totaling about £295.5 in donations -- more than three times than what went toward health concerns or international development, the second and third most popular causes, respectively.

The trend is hardly exclusive to the UK. Just last week University of Chicago b-school alum David Booth gave one of the largest gifts ever made to an American university -- $300 million. Welcome to the University of Chicago Booth School of Business.

[Thanks Ben!]

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Tags: charity, david booth, DavidBooth, university of chicago business school, UniversityOfChicagoBusinessSchool, wealthy donors, WealthyDonors

"I'm Not Rockefeller" Study Inspects Giving Habits of The Wealthy

by Tracy Chait (RSS feed) —

Filed under: Charity, Big Givers

A study released last week by the University of Pennsylvania's Center for High Impact Philanthropy indicates some of the habits of the nation's wealthiest donors. (The survey interviewed those who on average donate at least $1.5 million on an annual basis.)

Despite donating millions each year, very few of the respondents chose to identify themselves as "philanthropists," preferring more modest terms like "community supporter."

The study found that wealthy donors are most likely to determine a gift based on personal experience or recommendations from within their social networks. Due to the difficulties of tracking major gifts, many recipients cited greater willingness to give something tangible -- a new library or a specific scholarship. Donors also stated that it was often difficult to obtain information on an organization's progress without seeming "high-maintenance."

You can read more about the study's findings at the Center for High Impact Philanthropy, a resource center founded by Wharton alums that helps high net worth individuals maximize their charitable giving impact.

[via The Chronicle of Philanthropy]

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Tags: charitable giving, CharitableGiving, charity, university of pennsylvania, UniversityOfPennsylvania, wealthy donors, WealthyDonors, wharton