Center on Wealth and Philanthropy
Wealth and the Commonwealth Newsletter, Volume 19 February 2010

Contents

Press Release: Boston College Researchers Design First Model To Produce Quarterly Estimates of Household Giving

Center on Wealth and Philanthropy Individual Giving Model: Forecast for 2009


 

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Dear Friends and Colleagues:

I am happy to introduce you to the Individual Giving Model (IGM) developed by my colleague, John Havens, and me at the Center on Wealth and Philanthropy. The model employs a number of forecasting techniques to produce estimates on individual household giving. A description of the IGM and its first set of findings have been published in the current edition of Advancing Philanthropy, the journal of the Association of Fundraising Professionals.

We consider the model, even at this early stage of development, to be promising enough to describe its characteristics, the results for 2008 and 2009, and a preliminary glimpse at 2010.

I hope you find this research informative and useful. As always, I welcome and look forward to your comments.

Cordially yours,

Paul Schervish


  • Press Release: Boston College Researchers Design First Model To Produce Quarterly Estimates of Household Giving
  • special rate

    CHESTNUT HILL, MA (2-1-10) - Researchers at Boston College's Center on Wealth and Philanthropy have developed the first model designed to estimate future charitable giving by households on a quarterly basis, and have put it to a successful test run.

    CWP Director Paul Schervish and Associate Director John Havens describe the model and the results of the first trial in the January/February issue of Advancing Philanthropy, the journal of the Association of Fundraising Professionals. Their report provides estimates of U.S. household giving for 2009 - calculations that prior to the development of the model would not have been available until June 2010 - as well as preliminary estimates for 2010.

    Because there are no quarterly data on giving, researchers have been unable to generate national estimates of either current or near term household giving in as timely a way as may be useful for charities, said Schervish and Havens.

    Contact:
    Patricia Delaney
    Boston College Office of News & Public
    Affairs 617-552-3352
    delaneyp@bc.edu

    Click here to read the full press release...
  • Center on Wealth and Philanthropy Individual Giving Model: Forecast for 2009
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    by John J. Havens and Paul G. Schervish

    Advancing Philanthropy
    January/February 2010

    For the large diverse populations, such as that of the United States, household charitable giving is most strongly and consistently related to household income and wealth. Most national and state estimates of future charitable giving are based in large part on macro or micro values of income and wealth. Researchers can measure how changes in income and wealth, for example during the 2008-2009 recession, affect changes in charitable giving only when date on financial resources and their valuation become available. Fortunately, some of this financial information becomes available on a preliminary basis each quarter. However, there are no quarterly data on charitable giving. To date, researchers have been unable to generate estimates of household charitable giving (and their relationship to income and wealth) in as timely a way as may be useful for charities. Charities naturally would like to know estimates of charitable giving, for example, for the most recent quarter and to receive projections for the near future.

    Click here to read the full article...
    617-552-4070

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