It’s no secret that, traditionally, society has been heavily skewed in the favor of males. This is prevalent in many sectors of society. Workforces are usually dominated by men, male athletes, entertainers, executives and politicians are traditionally paid more than their female counterparts, and there are still certain societal barriers and expectations that hamper female growth and prosperity. This gender gap is a widespread and well-known problem. But what isn’t well-known is the area that women seem to outrank men: philanthropy.
That’s right, recent studies suggest that wealthy women tend to donate not only money, but time to charity more than wealthy men do. In fact, the 2018 U.S. Trust Study of High Net Worth Philanthropy claims that approximately 93% of wealthy women donated money, compared to only 87% of men in 2017; additionally, the study found that women donated more of their time through volunteering than men did, with 56% of women volunteering versus only 41% of men. The report surveyed over 1,000 homes with a net-worth of $1 million or more.
A separate survey, conducted by the Women’s Philanthropy Institute at the Indiana University Lilly Family School of Philanthropy, found that women not only donate more frequently than men, they also donated more money. More specifically, women (baby boomers and older) donated 89% more money than men their age did.
This information comes at an interesting time in society. Thanks to the Internet, and more specifically, the wide-reaching net that is social media, more and more women are finding an outlet to voice their concerns and daily struggles. In fact, social media has helped birth a few female empowerment and justice organizations, primarily the #MeToo Movement. Women are beginning to fight back against the stereotypical gender roles, expectations and injustices of modern society.
The fact that women are taking the lead in philanthropic endeavors only solidifies this notion. Philanthropy is a necessary aspect of society; it positively affects our lives and world, and women are the ones making major strides in this sector. It’s a very empowering message to young women, to see that women can make noticeable and meaningful changes in the world.
There are some theories as to why women donate more than men. That same Wall Street Journal article claims that men associate money with power, whereas women associate money with freedom and goals, thus making them more likely to donate. Interestingly enough, research also suggests that the 2016 presidential election was something of a catalyst for women to donate more to charity, particularly causes that were debated during the election.
Whatever the true reason for this gender gap, it is nice to see these overwhelming statistics rule in women’s favor. In a time where women’s rights are being heavily discussed, wins such as these can make all the difference. In fact, these statistics should motivate men to get on the same level of generosity as women.