NEWS AND INSIGHTS UPDATE
The population of philanthropic women is growing as women’s wealth and clout grows. As a result, the world of charitable giving is changing. Reuters reports:
As more women give, they are likely to change not only what is funded but how they raise money, because female philanthropists often prefer to raise money in a group.
Three years ago, the Red Cross raised the ante in its women’s program, called the Tiffany Circle, to $100,000 a year, and pulled in 61 new members the first night.
“We raised over $6 million in 30 seconds,” said Melanie Sabelhaus, a former deputy administrator at the Small Business Administration who heads the Tiffany Circle, “and not one of the women picked up the phone and asked her husband.”
Read the full story: Women exert new influence on philanthropy | Reuters via www.reuters.com