Thursday, July 3, 2014
For Diverse Communities, Giving Circles Strengthen Involvement In Philanthropy
A new study, funded in part by the Charles and Lynn Schusterman Family Foundation, finds that one in eight American donors has participated in a giving circle—nearly half of them under the age of 40.
"Connected to Give: Community Circles," published by Jumpstart, a philanthropic and design lab, also reports that participation in a giving circle can both strengthen communal identity and expand philanthropic reach.
Other findings:
- 1 in 8 American donors have participated in giving circles and nearly half of those participants are under the age of 40. The proportion is even higher for African American and Asian American donors.
- More than half of Jewish giving circle participants are under the age of 40.
- Participation in a giving circle can help not only deepen social and communal connections, but give participants communal knowledge and empowerment.
- Giving circle participation doesn’t just focus and amplify the contributions of highly connected people, it helps turn those people into committed philanthropists….