Big Gifts: $4.6 trillion reasons are target female donors
March 17, 2009
Reposted from NonProfit NewsWomen are committed donors who care
deeply about the causes they support. Yet surprisingly, despite women's
economic power and philanthropic potential, too often nonprofits are
not engaging them strategically or effectively.
Organizations are missing important giving opportunities, including
opportunities for major gifts, by failing to help female donors achieve
their true philanthropic potential, by relating to them in the same way
as male donors, or by neglecting to learn and incorporate into their
work knowledge about women's giving preferences and priorities.
If asked, most nonprofit professionals would probably say female donors
are important to their organizations. And some nonprofits have a staff
person dedicated to reaching out to women donors or a designated
women's giving program. As important as these efforts are, though, to
maximize the potential of women's giving, nonprofits need to ensure
that an intentional, sustained and strategic approach to involving
women as donors is integrated into every aspect of development and
engrained throughout the culture of the organization.
Women give, and they give significantly. But they often approach giving
differently than men. Nonprofits that want to engage women as donors
need to understand their giving behavior and what motivates it.
Further, they must make a paradigm shift from viewing women as one
segment of their donor databases to understanding that women
potentially comprise half or more of their donors -- and significantly
influence men's giving.
As Lisa Witter and Lisa Chen note in their recent book, The She-Spot, (2008) "Women are not a niche audience. They are the audience." Women
make 83 percent of all consumer purchases, including big-ticket items
such as cars and personal computers -- for themselves and for their
families, Witter and Chen explain. And their economic clout is
significant. They control more than half of the total wealth in the
United States, and they are projected to inherit, control and manage
much of the wealth in the future.
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