As we see the Boomer generation age, we’ll continue to see more and more women lead the future of generosity. Why? Because women live longer than men. They’ll be the inheritors. But increasingly, women are also becoming the wealth creators.

Here are few key insights from the Women’s Philanthropy Institute:

1. Women control 51% or $14 trillion of personal wealth and are expected to control $22 trillion by 2020.
2. Women are the primary breadwinners in 40% of households and hold 52% of management and professional jobs.
3. As the incomes of women rise, they are more likely to give to charity than men.
4. Women are responsible for 86% of household consumer purchasing decisions.
5. Women own 36% of all non-farm, privately held businesses.

And finally this one: 43% of the nation’s top wealth holders are women.

The Future of Generosity

Women already play an influential role in philanthropic efforts. Expect to see that trend continue in the years ahead.

In recognition of this reality, Generous Giving’s Women Doing Well initiative aims at bringing women together to inspire and celebrate generosity.

Additionally, my own mother’s generous life shaped me and my siblings. Her influence was a key part of my decision to work in the generosity space.

Here’s to the many generous women who are already influencing their families and peers to give with creative, sacrificial generosity.

Related Posts:
Surprising Facts About the Charitable Bequests of the Wealthy
A Time to Remember: Pat Lloyd

Photo by Brooke Cagle on Unsplash

Bill High

Bill is CEO & Founder of Vyne Legacy. He works with families to equip them with tools to build multigenerational legacies, and he teaches givers and financial advisers on transformational biblical generosity. He is the co-author with David Green of Giving It All Away and Getting It All Back Again: The Way of Living Generously.

Published February 22, 2019

Topics: Giving Trends

Family GenerosityGenerosityGiving TrendsWomen