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Wealthy women give away more

August 26, 2009

Who drives the charitable decisions in your house? It may be the person who brings home the most money, if that person takes charge of most spending decisions.

But whenever women have the choice about where to spend their money, especially if they have more than enough for daily needs, statistics show that women really are more charitable than men.

It’s not just the perception that Mom more often tells Junior to put part of his allowance in the collection plate. Or that she is more soft-hearted and susceptible to stories of hardship.

According to a recent survey by Ledbury Research for Barclay’s Wealth, among 500 people with investible assets of $1 million or more, women give away nearly twice as much as of their wealth as their male counterparts. The report shows that women in the U.S. give an average 3.5 percent of their wealth to charity, while men give an average of 1.8 percent.

This certainly comes as no surprise to the generous supporters of our own component fund, The Women’s Fund of Greater Birmingham, which includes two women who have themselves given more than $1 million each to women’s issues. For them, as one explained, it’s an investment that brings a deep sense of satisfaction and meaning.

And that’s a more powerful testimony than any statistic.

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