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Entrepreneurs of all genders are more charitably-inclined than non-entrepreneurs
Male entrepreneurs focus on “making an impact” or “leaving a legacy,” while women focus on specific issue areas
Women are more likely to see volunteering as an opportunity to build leadership skills
BOSTON, November 19, 2019 – Both male and female entrepreneurs report higher rates of charitable giving than their non-entrepreneur peers, shedding light on how the entrepreneurial mindset can be a major driver of charitable activity. While entrepreneurs of all genders give similar amounts to charity and spend similar time volunteering, a few key differences exist in the motivation and implementation of their philanthropic efforts, according to a survey analysis released today by Fidelity Charitable®, an independent public charity and the nation’s largest grantmaker.
“The hands-on, results-driven mindset of entrepreneurs carries over to their charitable giving,” said Pamela Norley, President, Fidelity Charitable. “While men and women at large might have different ways of giving back, entrepreneurs of all genders tend to approach charitable giving and volunteering with similar generosity and personal involvement.”
The analysis, a supplement to a broader study of entrepreneurs as philanthropists, examines, through a lens of gender, how entrepreneurs with businesses of $1 million or more in revenue approach philanthropy. While non-business-owning men and women often diverge in their attitudes and behaviors around charitable giving, entrepreneurs of both genders are largely even in their involvement in giving back.
This indicates that the attitudes and motivations that align with becoming a successful entrepreneur are more influential than gender in the way a person approaches philanthropy. However, nuances exist in male and female entrepreneurs’ motivation behind giving, along with awareness about the ability to donate privately-held stock to charity.
For additional detail on the study and reporting methodology, visit www.fidelitycharitable.org/articles/giving-similarities-outweigh-differences-men-women-entrepreneurs.html.
About Fidelity Charitable
Fidelity Charitable is an independent public charity that has helped donors support more than 294,000 nonprofit organizations with more than $40 billion in grants. Established in 1991, Fidelity Charitable launched the first national donor-advised fund program. The mission of the organization is to grow the American tradition of philanthropy by providing programs that make charitable giving accessible, simple and effective. For more information about Fidelity Charitable, visit https://www.fidelitycharitable.org.