A Woman’s Place is in the Philanthropic World
Move over, men. Women are set to assume their rightful place as philanthropists to reckon with. A new report from “The Chronicle of Philanthropy” indicates the women of today are poised to flex more philanthropic muscle.
“Their growing clout is the result of a supernova of demographic changes that distinguish 21st century women from those who came before: greater earned incomes, more wealth, increased decision-making authority at home, and longer lives, just for starters,” writes journalist Megan O’Neil.
While pay disparities between men and women are still notable, with women earning roughly 78 cents for each dollar earned by men, the gap is closing at a faster pace than ever as women step up their game academically, financially and in the workplace. Half of the nation’s personal wealth is controlled by women – that’s approximately $14 trillion!
And women are big givers, too. Research by the Women’s Philanthropy Institute at Indiana University’s Lilly Family School of Philanthropy demonstrates that women-led households are more philanthropic than men-led households. In the Pee Dee, that giving spirit is beautifully expressed by the members of Women in Philanthropy, a local group dedicated to the principle that, collectively, women can make a difference in their communities.
Since its inception in 2009, WIP has awarded more than a quarter of a million dollars in grants to local charities in the following Pee Dee counties: Chesterfield, Darlington, Dillon, Florence, Marion, Marlboro, and Williamsburg. Membership is open to any woman who is interested in improving the quality of life for all citizens in the Pee Dee. Each member makes a financial contribution to the giving circle and votes to decide which organizations are selected to receive grants.
Applications for Women in Philanthropy’s eighth annual grant cycle will be available starting July 15, 2016. The deadline to apply will be August 31. Grants will be awarded on December 1, 2016.
Grants from Women in Philanthropy are awarded to nonprofit 501(c) 3 groups in the Pee Dee region, with operating budgets less than $750,000, that support the needs of the underprivileged in the community. Funds are given to programs that address an existing or emerging community need including health, nutrition and/or assistance to victims of violence, neglect or poverty.
For more information on the Women in Philanthropy grant cycle, call 843-667-1131 after July 15.