High Net Worth Philanthropy

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https://hdl.handle.net/1805/6309


The Study of High Net Worth Philanthropy biannually examines the giving patterns, priorities, and attitudes of America’s wealthiest households. The 2014 study is the fifth in a series written and researched by the school in partnership with Bank of America. These studies, the first of which was issued in 2006, have set the benchmark for research on the giving practices of high net worth households. New research themes in 2012 included donor strategies, giving outcomes, and donors’ sensibilities concerning the economic and political landscape of the time.

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    Affluent Americans Expand Generosity During the Pandemic
    (2021-05-13)
    In times of crisis, Americans have historically responded quickly and generously to assist others and address urgent needs. In 2020, the COVID-19 pandemic unleashed severe challenges. Preliminary findings from the 2021 Bank of America Study of Philanthropy: Charitable Giving by Affluent Households (the “Study”) show that affluent Americans rose to these challenges in many ways. Some affluent households made unrestricted contributions to nonprofits to sustain operations across a wide variety of causes, and others expanded their generosity with additional forms of charity such as giving directly to individuals and businesses affected by the pandemic. Focusing on the communities in which they live, affluent households often concentrated their giving locally—whether to nonprofits, individuals or businesses.