Page 2 - aruba-today-20230706
P. 2

A2   UP FRONT
                      Thursday 6 July 2023
            The wealthy should give more to charity, according to a new poll




            From Front

            By SARA HERSCHANDER
            Chronicle of Philanthropy
            A  new  poll  of  Americans
            found  that  nearly  half  of
            those  who  stopped  giving
            to  charity  over  the  past
            five  years  said  they  did
            so  because  they  thought
            wealthier people could af-
            ford  to  give  more  —  and
            should.  Others  said  they
            simply  could  not  afford  to
            give.The  survey  of  more
            than 2,100 adults across the
            United  States,  released  by
            the Better Business Bureau's
            Give.org, adds to research
            on the shrinking number of
            households that contribute
            to charity each year, drop-
            ping  from  66%  in  2000  to
            49.6%  in  2018.  The  impact
            of  the  decline  became     A pallet of food awaits processing as volunteers work in the background to label cans of beans for redistribution at Roadrunner Food
            even  more  clear  when  a   Bank in Albuquerque, N.M., Thursday, May 7, 2020.
            Giving USA report revealed                                                                                                      Associated Press
            donations  from  individu-   age  76  and  above  main-   asked  to  donate,  com-      AND TRUST                   According to the report, al-
            als  dropped  by  13.4%  af-  taining  or  increasing  their  pared  with  3.8%  of  boom-  Americans' trust in the char-  most half of Gen Zers who
            ter inflation and led to one  contributions,   compared  ers.  When  it  comes  to  ities  soliciting  them  also  maintained  their  contribu-
            of  the  steepest  declines  in  with  67%  of  boomers,  57%  younger  donors,  "we  have  plays a role in their decision  tions  attribute  their  sup-
            contributions  in  recent  de-  of Gen Xers, 57% of millen-  to learn how to reach them  to  donate,  according  to  port to wanting to be part
            cades.                       nials, and 42% of Gen Zers.  where they are rather than  the  report.  Beyond  finan-  of  something  bigger  than
            Art  Taylor,  CEO  of  BBB's  —    Respondents     who  hope  that  they  will  come  cial  concerns,  those  who  themselves.  Younger  gen-
            Give.org,  says  that  many  stopped  contributing  to  to us," says Elvia Castro, as-  stopped or decreased their  erations  also  want  easier
            nonprofits  have  attracted  charities  were  less  likely  sociate  director  of  charity  contributions over the past  ways  to  identify  charities
            wealthy  donors  to  their  than those who maintained  evaluation  at  BBB's  Give.    five  years  pointed  to  con-  working  in  their  communi-
            causes, and that is turning  their  contributions  to  be-  org, and lead author of the  cerns  about  transparency  ties and led by people who
            off people of more modest  lieve that donating to non-    report.  The  millennials  and  and  how  their  donations  share  their  gender,  race,
            means who don't think their  profits  was  more  effective  Gen Zers surveyed were far  were being used.            political affiliation, and oth-
            gifts are needed.            than  shopping  at  socially  more likely than older gen-  On the other hand, 72% of  er identity markers.
            Taylor says he worries about  responsible businesses, with  erations  to  trust  newer  so-  people who increased their  "If  we  can  grow  giving
            that trend because he says  only one in four saying that  licitation channels, such as  contributions said it was es-  that's  rooted  in  people's
            an overreliance on affluent  donating  had  a  stronger  social  media,  crowdfund-    sential to trust a charity be-  holistic  sense  of  who  they
            givers can leave nonprofits  impact.  Among  Gen  Zers,  ing sites, and giving circles.  fore giving, and one fourth  are,  it's  going  to  be  more
            vulnerable  to  the  interests  52%  said  shopping  at  re-  They're also less likely to en-  said  they  would  probably  sustainable  because  it's
            of  a  few  powerful  people  sponsible  businesses  had  gage  in  traditional  drivers  donate  more  if  provided  rooted in their experience,"
            versus a community of sup-   the  same  or  greater  im-  of  small  donations,  includ-  additional   information  says  Shang,  who  noted
            porters.                     pact.                        ing religious and workplace  about  the  impact  of  their  that  identity-based  giving
            "Large  numbers  of  small  —       Participants   who  giving, which declined 10%  contributions.                  can be more reliable than
            gifts give charities indepen-  stopped donating to chari-  from 2016 to 2018.          While  financial  transpar-  donations  driven  by  bursts
            dence," he says.             ties over the past five years  "Charities  are  trained  to  ency  can  bolster  gifts  and  of generosity, for example,
            Middle- and upper-income  said  they  were  most  likely  spend  as  little  as  they  assuage  the  concerns  of  in the aftermath of a natu-
            Americans were especially  to increase future contribu-   can  on  fundraising  —  that  skeptical donors, it's impor-  ral disaster.
            likely to point toward super-  tions if it was easier to find  means  they  go  after  the  tant that fundraisers not be  Appealing  to  a  broader
            wealthy donors for their de-  charities serving their com-  big  money,"  says  Taylor,  disheartened  by  statistics  and  more  representative
            cision not to donate. More  munity  (17.6%)  or  led  by  who  acknowledged  trying  on trust in charities, says Jen  pool of donors can provide
            than 59% of those surveyed  people who share their po-    newer  fundraising  meth-    Shang,  co-director  of  the  a feedback loop for creat-
            with  household  incomes  litical identity (17.6%).       ods  might  be  difficult  for  Institute for Sustainable Phi-  ing  inclusive  and  effective
            above $70,000 believe that  ENGAGING YOUNGER              nonprofits  with  established  lanthropy and an expert in  programs  and  attracting
            wealthier  people  should  DONORS                         practices.  But  he  said  in-  philanthropic psychology.  new contributors, says Cas-
            drive donations, compared  While the report doesn't of-   vesting in them would pay  "Just  because  people  ex-    tro.
            with  47%  of  households  fer a one-size-fits-all solution  off  in  the  long  run,  and  it  press  general  distrust  of  "If  less  people  are  en-
            over all. Over 55% of those  for charities to tap more ev-  might be time to discontin-  the  sector  doesn't  mean  gaged,  it's  a  real  concern
            who  stopped  giving  say  eryday donors, the young-      ue old approaches.           that your donors don't trust  for  the  health  of  the  sec-
            they don't earn enough to  est  Americans  surveyed  "We  have  to  look  at  some  you  and  your  cause  is  not  tor," she says. "Not only are
            afford donating to charity.  said  a  major  obstacle  to  of  the  engines  that  pow-  worthwhile," she says.     there fewer people, which
            The survey also found:       contributing  to  charities  is  ered  small  donations  for  What's  more,  Americans  makes  the  charity  more
            —  Older  generations  were  simple:  They  aren't  being  lots of people and ask our-  consistently  rank  trust  in  vulnerable, but the people
            more likely to have donat-   asked.                       selves  if  those  engines  are  charities as higher than trust  who  are  giving  will  be  less
            ed over the past five years,  More than 45% of Gen Zers  still as effective," he says.  in  government,  corpora-   representative  of  the  peo-
            with  72%  of  respondents  said  they  haven't  been  BUILDING COMMUNITY              tions, and the news media.   ple who they're serving."q
   1   2   3   4   5   6   7