Millennials and Gen Z Are Challenging Traditional Notions of Giving

credit:

When it comes to philanthropy, millennials and Gen Z are outpacing baby boomers in a big way, according to a new report from Instituto Beja and Oxygen.

The report finds that 74% of millennials and Gen Z consider themselves philanthropists, compared to 35% of baby boomers.

"These younger generations do not think that you have to come from wealth to donate, and that donating money is the only way to be a philanthropist," the report's co-author says in a press release.

According to the report, millennials and Gen Z are "driven by their social conscience and desire for change."

For instance, 90% of them donate because of their alignment with a cause or a mission, rather than because of the organization itself.

They're also more vocal about causes and want to engage with nonprofits their way, and they're three times more likely to defend a nonprofit they support compared to Gen X and baby boomers.

In fact, the younger generations want to "carve their own path when it comes to giving," according to the report, with 86% of philanthropists between the ages of 18 and 35 wanting to do things differently from their predecessors, compared to 69% of men.

Women are more likely than men to want to do things differently, with 88 percent wanting to Read the Entire Article

A customized collection of grant news from foundations and the federal government from around the Web.

How's Your Community Doing?
Check Out it's
Community Vital Signs

Investing In Digital Yuan: A Pathway To Financial Empowerment

The People's Bank of China says it will start allowing people in China to use the country's new digital currency, the Digital Yuan, to buy goods and services starting next month, the BBC...more

Indian Companies Show Interest in Impact Investing but Face Challenges: Deloitte Csr Survey

When it comes to corporate social responsibility, India's government and public sector companies are at the top of the list. But when it comes to companies of all sizes, they're at the bottom,...more

Singapore'S Temasek Sees Impact Investing at Tipping Point

The world's biggest state investors are getting into the business of making positive social and environmental impact investments. Singapore's Temasek Holdings, one of the world's largest state...more

Only 28 Percent of Businesses Ready for Impact Investing; Many Re-Evaluating Csr ...

When it comes to giving back to the communities in which they operate, India's companies are in a race against time to up their game. A new survey from Deloitte finds that just 28% of companies...more

Companies Shift from Compliance to Impact Investing in Csr Initiatives: Deloitte Report

Indian companies are spending more and more on philanthropic efforts. A survey of 185 companies by accounting and consulting firm Deloitte found that 25% of them spend more than $100 million a...more

Csr Activity Transcends Compliance Boundaries, Companies Embrace Impact Investing: Deloitte

Indian companies are spending more and more time thinking about how to make a positive impact on the world around them, the Economic Times reports. According to a survey of 185 companies by...more

Leaders in Sustainability Share Their Perspectives on the Future of Workplace Wellness as ...

During the Covid-19 virus, many businesses took a hard look at how they do business and realized they needed to do more to attract and retain top talent, Forbes reports. According to a report...more

Cross-Border Impact Ventures: Investing In Transformative Health Companies To Meet ...

"We've noticed that there are a wide variety of investment opportunities that can truly be transformative for women's and children's health and have confirmed, time and time again, that without...more

Fidogreen, an Alternative to Esg Projects Was Launched

Italian crowdfunding site Ener2Crowd has just launched a new service called FidoGreen, which it says is the first "sustainable finance platform for sustainable investments," Quartz...more

Red Bull Launches Social Entrepreneur Program in the U.S.

"Your business can only survive and thrive if it is built on a solid foundation," says Thato Kgatlhanye, a graduate of the Red Bull Amaphiko Academy in South Africa. "It's the individual who...more