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As the demography of America changes, the face of philanthropy is changing along with it. While African Americans have a tradition of giving, the 2016 U.S. Trust® Study of High Net Worth Philanthropy highlights new data on African-American donors that gives us a clearer picture of the future of philanthropy in the U.S.
At Bridge Philanthropic Consulting (BPC), the nation's largest full-service African American-owned fundraising firm, we have logged plenty of anecdotal evidence that supports the study’s key finding — namely, that African Americans are very generous but also very careful when it comes to charitable giving.
This cautiousness on the part of African-American donors does not extend to online giving. African Americans are four times as likely as donors from other racial or ethnic groups to use social media to raise funds and/or awareness for a cause. And high-net-worth African-American donors report a higher degree of satisfaction from giving than white donors (66.7 percent v. 42.3 percent). At the same time, African-American and white donors both report a high degree of satisfaction from volunteering, with rates above 60 percent among both groups. Where noticeable differences show up is in the kinds of organizations each group favors.
Even today, many fundraising professionals still associate "donor" with a wealthy white man or woman. A growing number, however, are learning that fundraising transcends color and that meaningful long-term relationships with donors are based on mutual affinity and shared interests.
Read the full article by Gasby Brown about African American philanthropy from PhilanTopic