Hotep! BDPA Education & Technology Foundation (BETF) exists to provide financial support for BDPA. We share information about fundraising, funding sources and BDPA programs on this blog. The postings on this site are my own and don’t necessarily represent BDPA’s positions, strategies or opinions.
Tuesday, September 15, 2009
Wealthy Philanthropists Undeterred by Recession, Look for Charitable Impact
Although many charities are focusing their outreach efforts on engaging a younger generation of philanthropists, the wealthy demographic represents a powerful resource for sustaining charities through the economic downturn, a recent survey found.
Titled “Tomorrow’s Philanthropist,” the report was conducted by Ledbury Research in partnership with Barclays Wealth, and surveyed exclusively high net worth individuals - responses were culled from 500 people with investable assets of more than $1 million and 150 people with assets of more than $5 million.
The report found that wealthy individuals have largely retained their focus on philanthropy despite the recession. Many wealthy individuals reported that they consider philanthropy a "key expense" and would sooner cut back on comforts than reduce donations - 77 percent said they would not decrease their level of giving as a result of the recession.
Read the rest of the Daily Tell article...
NOTE: BETF Director Tayo Ibikunle is leading our initiative to seek support from BDPA members that may be high net-worth individuals like the folks in this article. The results in the Tomorrow's Philanthropist research paper are encouraging to us.
What are you thoughts?
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