| Featured Article
Why Older Donors Matter Philanthropy Flourishes as People Grow Older |
By Joanne Fritz, About.com
Why should older donors matter to fundraisers? Well, first there are the simple demographics.
- The senior population, 65+ years old, will grow to 1 in 5 of U.S. residents by 2030.
- More than 1.8 million people in the U.S. will turn 65 each year beginning in 2011-- that translates into more than 5,000 a day.
- People age 50 and over now make up 24 percent of the U.S. population.
Then there is the fact that people in the U.S. donate more and volunteer more frequently as they age. That is reasonable considering that, at least in the U.S., people are better off financially and have more time as they grow older. Add that to the fact of increasing longevity and good health in the later years, and we have a force that any fundraiser ignores at his or her own risk.
The Hartford Financial Services Group (the company has a auto insurance product marketed through AARP), recently conducted a survey of the volunteer and charitable giving activity of people 50+. Here is what the survey found:
- Fifty-three percent of consumers age 50+ engage in volunteer work compared to 50% of all ages. Of those older consumers who belong to AARP, 14% volunteer one day per week while only 7.5% of non-AARP members volunteer to that extent. Of those surveyed age 49 and younger, 45% volunteer
- Seventy-six percent of people over 50 donate to causes they support. Of the AARP members within the study group, nearly 83% provide monetary donations to charitable causes. Of those surveyed age 49 and younger, just over 60 percent donate money to charities.
- Those surveyed age 50 and older are more than twice as likely to provide monetary support to Alzheimer's, military support, and adult 50+ organizations, as well as museums and heritage sites.
The bottom line is that older people are active givers and volunteers. What are you doing to keep them engaged? Is your website easy on an older reader's eyes? Are your printed materials easy to understand? Are you making sure that your social media efforts are suitable for older donors? Do you know what media your older donors use and prefer? How active is your bequest program? Don't get left out when it comes to the generosity of the older donor. Monitor the age wave and adjust accordingly. |
Featured Book at the Wake County Libraries
Robin Hood Was Right : a guide to giving your money for social change by Chuck Collins and Pam Rogers |
Veteran activists Chuck Collins and Pam Rogers show that charity dollars can make a huge difference if they are used for lasting social change. In Robin Hood Was Right, Collins and Rogers question the results of decades of traditional philanthropy. They write, "We give to help the poor, but poverty prevails. We contribute to save the environment, but corporate destruction of our land and waters continues. We donate to shelters, but millions remain homeless." The two call for new ways of giving, ones that "close the divide between rich and poor." That means giving to an emerging group of "social change foundations" that tackle the root causes of poverty and other injustices by working to increase affordable housing and raise the minimum wage. [Amazon.com Review] Reserve your book here on the Libraries' catalog. |
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Nonprofit Spotlight:
North Carolina Healthy Start Foundation |
The North Carolina Healthy Start Foundation is a nationally recognized private, nonprofit organization dedicated to reducing infant death and illness and to improving the health of women and young children in North Carolina. Through the development of strategic public and private partnerships, public policy advocacy efforts and award-winning public education programs, the Foundation is a recognized leader in North Carolina's effort to reduce infant mortality. (from website)[www.nchealthystart.org]
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| Did you know the top funders in NC are: |
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1. The Duke Endowment NC 2. Bill & Melinda Gates Foundation WA 3. Kate B. Reynolds Charitable Trust NC 4. The Susan Thompson Buffett Foundation NE 5. Z. Smith Reynolds Foundation, Inc. NC 6. The Wachovia Foundation, Inc. NC 7. The Bank of America Charitable Foundation, Inc. NC 8. Lilly Endowment Inc. IN 9. The Robert Wood Johnson Foundation NJ 10. Burroughs Wellcome Fund NC
Foundation Center Statistics (2007) |
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Social Networking for Businesses: Are you LinkedIn Yet?
Tues. Oct. 20th
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Register by calling 956-6703 or emailing Susan Wolf Neilson.
Searching for Grants
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Wed. Oct. 21st 4:00-6:00pm
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Cameron Village Library
Learn to use the premier database Foundation Directory Online for funding opportunities in the private sector.
Limited seating.
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Fri. Nov. 13th
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