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In This Issue: SWRI REPORT ON PLANNED GIVING
The
Social Welfare Research Insititute of Boston College (SWRI)
recently conducted a survey for the NonProfit Times Publishing
Group using a module of questions the researchers at SWRI
developed. The main questions in the module asked if the respondents
or their spouses had used each of ten vehicles of planned
giving, and if they had not, whether they were considering
a particular vehicle, or if asked, whether they would consider
using each of the vehicles. Other questions were asked about
their charitable giving in the calendar year 2002, their current
net worth, how financially secure they perceived themselves
to be, and whether or not they had consulted with professional
advisors about their long-term plans for charitable giving.
In addition to the questions in the planned giving module,
the survey obtained selected demographic information about
the respondent and the respondent's household.
The
results of the survey are featured in the NonProfit Times
July 1, 2003 issue as well as being featured in their extended
version on the SWRI website.
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Dear Colleagues:
We are pleased to send you this update on our
research at the Boston College Social Welfare
Research Institute. This issue coincides with
the release by The NonProfit Times
of the special report, "Donor Behavior: Planned
Giving Still In Early Stages." This report presents
our findings on the prevalence of planned giving
vehicles among donors, as well as how charities
can better integrate planned giving with their
donors' biographical background, and financial
goals in order to generate a more conscientious
approach for the allocation of their funds.
We hope this article, as well as the extended version of our report,
serve to further your understanding of the potential
for new developments in the practice of planned
giving. If you would like to be removed from
our mailing list, please reply to this message
with the word "Remove" in the subject line or
click the "Unsubscribe" link below. As always,
we welcome your questions and comments.
Paul Schervish, Director, SWRI
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NonProfit Times Special Report: "Donor
Behavior: Planned Giving Still in Early Stages"
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| | Fewer than one-third of Americans (31 percent) have
designated a planned gift to charity. And, those who
have a plan contribute a larger proportion of income to
charity on an annual basis than those who do not. 26
percent of the population said that they are considering
a planned gift in some form, with charitable
bequests and donating assets the most popular method
of planned giving. Furthermore, more households that
donated to charity in 2002 also used one or more
vehicles of planned giving, as compared with
households
that did not donate to charity during 2002. These results are among those of a study which show a
large opportunity for charities to talk to donors about
planned givng and help donors to shape the form the
gift will take. Just 10 percent of households have
discussed future charitable plans with a professional
advisor, such as a fundraiser or financial planner,
according to study results.
Download
The NonProfit Times report, "Donor
Behavior: Planned Giving Still in Early Stages."
(pdf)
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SWRI Extended Report: "2003 Survey of Planned
Giving Vehicles"
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| | In this extended report our researchers investigate
more fully the use of planned giving vehicles among
Americans. It is based on a national telephone survey
of 1,010 respondents age 18 and older conducted by the
Caravan Division of Opinion Research Corporation
International (ORCI) of Princeton, New Jersey from
March 13 through March 16, 2003 based on questions
developed at the Social Welfare Research Institute. The report primarily shows that there is a substantial
number of people for whom charitable giving is a
strategic activity and the indications are that there is
an even greater number for whom it will become so in
the future. The stakes for philanthropy are high and
are increasing-not just in the aggregate as a
quantitative and cultural force nationally, but also at
the individual household level, where charitable giving
is a qualitative and biographical force of individual and
family identity formation. Growth in the prevalence
and potential for planned giving, which we understand
as the self-reflective allocation of assets over time to
achieve a conscientious array of charitable aspirations,
is perhaps the leading emergent trend in philanthropy
today. Download the SWRI Extended Report "The 2003 Survey of Planned Giving Vehicles" (pdf) | | |
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