High Net Worth Philanthropists Discuss Their Approach to Giving
A sizable percentage of high-net-worth givers do not see themselves as philanthropists even though each gives away about a million dollars or more annually. That is among the findings of this study by the University of Pennsylvania’s Center for High Impact Philanthropy.
The CHIP study involved structured interviews with 33 anonymous high-net-worth individuals, each capable of giving $1 million annually. “I’m Not Rockefeller: 33 High Net Worth Philanthropists Discuss Their Approach to Giving” examines how these people approach their charitable giving.
Researchers found a set of diverse and evolving practices, a strong reliance on peers for information, a narrow and negative view of evaluation and difficulty exiting established relationships with non-profits, even when the philanthropist felt it was the right thing to do.
You can view and download the full report here.