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The X-FactorWomen, Wealth and Strategic Philanthropy
Gena Rotstein, CEO & Advisor in Philanthropy [email protected]
www.dexterityventures.comwww.place2give.com
We are harnessing the frontier of charity data... To make charitable giving a part of every person’s banking experience, retain assets under management across generations and positively influence $1Billion in charitable transactions.
Photo credit: Steve Jurvetson/Flickr
The X-FactorHistorical influence of women – from Exodus to Victorian Era to Modern times, women have built and funded communities.
The Money
19% of women are the primary bread-winner – 41% of total household income in Canada
North America $36Trillion in assets by 2050
$3Trillion in Canada by 2020
90% of household charitable giving made by solely by women
$230Billion/annual giving capacity of North American women
37% of women hold senior management positions in Canada
Average time for a major donation ($10K+) – 3 years
Women will outlive men by 4 years
Perceptions of Wealth
Inherited Wealth
Family money
Husband’s money
Bank’s money
Self Made Wealth
My money
Family money
My company’s money
Waffle & Spaghetti Brains
Motivations for Giving Volunteer opportunities
Must have clear, easy to understand, traceable and transparent financials
Build the relationship & say thank you
Goals of GivingParity - Having a voice at the decision making table for the organizationEquality - Having her donation valued at the same level as menLeadership - Not ego driven but rather impact driven
Diversify the conversation - Add new perspectives to the problem solving discussionInclusivity - To pave the way for other groups to get engaged with the organization
Making It Real – a Planned Giving Program for Women
Gender Capitalism Gender Lens
Women’s philanthropy;
Advocacy for women’s corporate leadership
Movement focusing on the nexus of gender and investment
The use of capital to deliver financial returns and
Improve the lives of women and girls and their communities
Summary
Longer planning horizon Origins of assets (self-made or inherited)
Meaningful contributions Volunteering and feeling impact
Leveraging networks and relationships
Deeper knowledge and awareness of the systems within the organization Asset allocation
Program implementation
Management policies
Billions of dollars available
Sources & Resources
Women & Philanthropy, Sondra Shaw-Hardy & Martha Taylor
Place2Give/DVI data
TD Women in Philanthropy – Time, Talent & Treasures (2014)
Stanford Social Innovation Review (October 2014 and December 2014)
Contact informationGena Rotstein, Chief [email protected]@Place2Give @DexterityConwww.place2give.comwww.dexterityventurs.com
