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"Washington, DC Wealth Transfer Study."

Paul G. Schervish and John J. Havens. The Center on Wealth and Philanthropy. Released July 26, 2006.
The authors of this study have used a version of their Wealth Transfer Microsimulation Model (WTMM) specially calibrated to the Washington, DC Metropolitan Area to derive findings concerning the level and distribution of household wealth, the amount and distribution of wealth transfer, and the amount and distribution of charitable giving in Washington, DC.

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"Wealth and Giving by the Numbers."
Paul Schervish and András Szántó. Published in Reflections: Excerpts from Wealth & Giving Forum Gatherings, Issue 2, pp. 31-49. Fall 2006.
How do individuals of means make decisions about how to allocate their wealth? what are their priorities in philanthropy? What obstacles do the face, and where could they use help? These are among the questions that the Wealth & Giving Forum has sought to answer in a series of interactive surveys conducted at their gatherings. The findings below are based on a survey of participants at the Forum's inaugural gathering in October 2004.

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"Wealth and Philanthropy."
Paul G. Schervish. In Philanthropy in America: A Comprehensive Historical Encyclopedia, edited by Dwight F. Burlingame. Santa Barbara: ABC-CLIO, 2004. 505-509.
This concise encyclopedia article explains the new physics of philanthropy based on a projected continuation of charitable giving at unprecedented rates over the next fifty years.

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"Wealth and the Commonwealth: New Findings on the Trends in Wealth and Philanthropy."
Paul G. Schervish and John J. Havens. Nonprofit and Voluntary Sector Quarterly, vol. 30,no. 1, March 2001, pp. 5-25.
Drawing in large part on the "1995 Survey of Consumer Finances," we describe the pattern of charitable giving by families at the upper reaches of income and wealth, as well as across the income spectrum. The overriding empirical motif is that the distribution of charitable giving is more highly skewed toward the upper end of the financial spectrum than previously documented, and that there appears to be a trend toward its becoming even more so.

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"Wealth and the Spiritual Secret of Money."
Paul G. Schervish. In Faith and Philanthropy in America: Exploring the Role of Religion in America's Voluntary Sector, edited by Robert Wuthnow and Virginia A. Hodgkinson. San Francisco: Jossey-Bass, 1990. 63-90.
An ever-expanding literature exhorts or documents the connection between religion and philanthropy, yet the process by which religion actually induces charitable outcomes remains largely unexamined. In this paper, I seek to take a modest first step in this direction. My purpose is to take a fresh look at the fundamental meaning of wealth and religion and to explore how and under what conditions religion opens the wealthy to a more generous and encompassing care for others.

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Wealth and the Will of God

by Paul G. Schervish and Keith Whitaker

The Center on Wealth and Philanthropy is pleased to announce the release of a new book co-authored by Paul G. Schervish and Keith Whitaker,Wealth and the Will of God, published by Indiana University Press. The book looks at some of the spiritual resources of the Christian tradition that can aid serious reflection on wealth and giving. Beginning with Aristotle-who is crucial for understanding later Christian thought-the book discusses Aquinas, Ignatius, Luther, Calvin, and Jonathan Edwards. Though the ideas vary greatly, the chapters are organized to facilitate comparisons among these thinkers on issues of ultimate purposes or aspirations of human life; on the penultimate purposes of love, charity, friendship, and care; on the resources available to human beings in this life; and finally on ways to connect and implement in practice our identified resources with our ultimate ends.

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"Wealth in Western Thought: The Case for and Against Riches. "
Edited by Paul G. Schervish. Westport, CT: Praeger, 1994.
A series of seven essays by scholars from a range of disciplines analyzing the varied cultural consciousness of wealth from the vantage point of scripture, ethics, classical and Reformation literature, history, economics, and sociology. Each essay explores an aspect of the complex and often contradictory cultural inheritance of economic sentiment, feeling, and belief that frames the culture of wealth in contemporary America.

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"Wealth Transfer and Philanthropy: An Interview with Paul G. Schervish, PhD, and John J. Havens."As published in Investments & Wealth Monitor. September/October 2009.
Wealthy individuals contribute to philanthropic causes for a variety of reasons. In June 2009, Investments & Wealth Monitor asked Paul G. Schervish, PhD, and John J. Havens to describe the primary motivators behind wealth transfers.

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"Wealth Transfer and Potential for Philanthropy in the Boston Metropolitan Area Technical Report."
John J. Havens and Paul G. Schervish. March 2013.

Our research on wealth transfer and charitable giving in the Boston Area revealed that although the Great Recession of 2007-2011 will resonate for years to come in the philanthropic sector, Greater Boston Households and estates could give between $600 billion to well over $1 trillion to charities between now and 2061 depending on growth rates of the economy. This technical report presents the findings and describes in detail methodology and data contained within the updated wealth transfer model used for this Bosotn Area wealth study.

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Download The Boston Foundation Report on Wealth Transfer

"Wealth Transfer Estimates for African Americans Households."
John J. Havens and Paul G. Schervish. October 21, 2004
This study presents new information on wealth and wealth transfer within the African-American community. The first section presents an overview of the findings. The second section presents selected statistical patterns and trends in income, wealth, and philanthropic giving among African-American households. This section includes estimates of the amount and distribution of wealth among African American households. It provides an essential context for understanding the estimates of wealth transfer presented in the third section. The third section deals with the capacity of African American households to make charitable gifts and to leave charitable bequests in the 55 year period from 2001 to 2055. Using an expanded and updated version of the CWP's Wealth Transfer Microsimulation Model (WTMM), the report presents the first estimates of wealth transfer among African American households.

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“Wealth Transfer in an Age of Affluence: An Interview with Paul Schervish.”
Interviewed by Pamela Gerloff. More Than Money Journal. Spring 2003. pp. 5-10.
MTM: You have written elsewhere that, “The leading cultural and spiritual question of the current era is how to make wise decisions in an age of affluence.” Is that what you’re suggesting—that people in our society now have so many choices that wisdom is needed in making them?
Schervish: Aristotle understood that the goal of life is happiness—you could also say love, unity with the divine presence, or a whole range of things, but let’s just say that his term is one working definition of the goal of life. Happiness is achieved if you can close the gap between where you and those with whom you identify and care about are and where you and they would like to be.
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"Wealth with Responsibility Study/ 2000."
This study sponsored by Bankers Trust Private Banking was supervised by SWRI in conjunction with the University of Massachusetts at Boston Center for Survey Research.
The purpose of the research was to develop a base of knowledge about the attitudes and practices of wealth holders, particularly as they relate to charitable giving and volunteering, attitudes about social issues, socially responsible investing, trust and estate planning, and the transfer of values to heirs. Thirty-minute mailed questionnaires were sent to 400 wealth holders with net worth of $5 million or more. The final report, based on 112 households, is available for download.

Download the Center on Wealth and Philanthropy/ Bankers Trust Report(76KB)
Download Published Article: "The Mind of the Millionaire: Findings from a National Survey on Wealth with Responsibility" (3.6MB)
Download the 1998 Study on Wealth with Responsibility Survey Questionnaire (640KB)
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"Wherewithal and Beneficence: Charitable Giving by Income and Wealth."
Paul G. Schervish and John J. Havens. In Cultures of Giving II: How Heritage, Gender, Wealth, and Values Influence Philanthropy. New Directions for Philanthropic Fundraising, edited by Charles Hamilton and Warren F. Ilchman. 8 (Summer 1995): 81-109.
Previous research that addressed the giving patterns of rich and poor has been based on data about income rather than net worth. The "Consumer Finances Survey" enabled us not only to extend the income analysis to the highest brackets but also to provide, to our knowledge, the first systematic findings on wealth and philanthropy.

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"Why Do People Give?"
Paul G. Schervish and John J. Havens. The Not-For-Profit CEO Monthly Newsletter 5, no. 7 (May 1998): 1-3. [Based on "Social Participation and Charitable Giving: A Multivariate Analysis." Paul G. Schervish and John. J. Havens. Voluntas: International Journal of Voluntary and Nonprofit Organizations 8, no. 3 (1997): 235-260.]
When we review our findings from a broad theoretical standpoint, it appears that for the population as a whole, participation, especially participation that already embodies a commitment to philanthropy, or to a philanthropic organization, is directly related to charitable giving. Moreover, within community of participation, participation in religious organizations is especially important. The major implication of the research is that the level of charitable giving, and perhaps of volunteering, depends less than previously thought on the differences in people's personal generosity.

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"Why The Wealthy Give: Factors Which Mobilize Philanthropy Among High Net-Worth Individuals."

Paul G. Schervish. The Routledge Companion to Nonprofit Marketing. Published Winter 2008.
This article outlines the motivations of high net-worth individuals for philanthropy. 
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"Why the $41 Trillion Wealth Transfer is Still Valid: A Review of Challenges and Questions." John J. Havens and Paul G. Schervish. The National Committee on Planned Giving's The Journal of Gift Planning. Vol. 7, no. 1, 1st Quarter 2003. pp. 11-15, 47-50.]
Despite the economic downturn and the fall of the equity markets, the nationally noted projection that a wealth transfer of at least $41-trillion will take place in the United States by the year 2052 remains valid, according to researchers at the Boston College Social Welfare Research Institute (SWRI), which issued the original projection in 1999.
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"Why The Wealthy Give: Factors Which Mobilize Philanthropy Among High Net-Worth Individuals."Paul G. Schervish. The Routledge Companion to Nonprofit Marketing. Published Winter 2008.
This article outlines the motivations of high net-worth individuals for philanthropy. 
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