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Books, Reports and Articles - 2001

center on wealth and philanthropy

2013 | 2012 | 201120102009200820072006 | 2005 | 20042003 | 2002 | 2001 | 2000 | 99 | 98 | 97 | 96 | 95 | 94 | 93 | 92 | 91 | 90 | 89 | 88 | 87 | 86 | Before 1986

"Agent-Animated Wealth and Philanthropy: The Dynamics of Accumulation and Allocation Among High-Tech Donors."

By Paul G. Schervish, Mary A. O'Herlihy, and John J. Havens, Social Welfare Research Institute, Boston College. Final Report of the 2001 High-Tech Donors Study. May 2001.
Through in-depth interviews, the Study sought to pinpoint the executives' motivations behind giving and the relationship between their business success and their charitable work. The Study looked to answer whether their views on giving represented a "new" philanthropy and whether the term "venture philanthropy" adequately captured their philanthropic approach.

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"Estate Tax: "Philanthropy Can Thrive without the Estate Tax."

Paul G. Schervish. Chronicle of Philanthropy, 11 January, 2001.
What will be the consequences for charity of a dismantling of the estate tax? Contrary to many Paul Schervish concludes that reducing or repealing the tax will have positive benefits for charities. Read his controversial editorial from the Chronicle of Philanthropy.

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"Extended Report of the Wealth with Responsibility Study / 2000."

Paul G. Schervish and John J. Havens. March 2001.
The report presents findings from the "Wealth with Responsibility Study / 2000," the purpose of which was to discover how wealth holders think about and act on the capacity of their wealth to affect their own lives, to shape the lives of their heirs, and to improve the lives of others. This extended presentation of findings includes complete tables.

Download Extended Report on the Wealth with Responsibility Study/ 2000 (76KB)
Download "The Mind of the Millionare: 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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"Financial and Psychological Determinants of Donor’s Capacity to Give."

Thomas B. Murphy, The T. B. Murphy Foundation Charitable Trust. In New Directions in Philanthropic Fundraising. Understanding the Needs of Donors: The Supply-Side of Charitable Giving. Edited by Eugene R. Tempel and Dwight F. Burlingame. Number 28, fall 2001, pp.33-49.

The basic tenet of this paper is that "the primary financial decision-making criterion for determining one’s capacity to engage in philanthropic activities is neither wealth nor income but the expected present and future relationship between income and expense."

Given the generally accepted assumption that one provides first for oneself and one’s family and does so at some level of lifestyle, philanthropy enters into the decision-making process when the difference between the expected level of income, present and future, and expected level of expense, present and future, to maintain and enhance one’s standard of living is substantial and relatively permanent as measured by the subjectively determined criteria of the decision maker. It is from this difference that the financial wherewithal for financial activities emerges.

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"Finding God in Some Things: Unintended Consequences for the Academy of the Faith That Does Justice."

Paul G. Schervish. Conversations: The National Seminar on Higher Education, Number 19, Spring 2001:21-2.
Schervish is concerned that the implementation of the Jesuit summons to a faith that does justice has, in higher education, unintentionally done an injustice to the more fundamental invitation to find God in all things. "I have no quarrel with the prayerfully adopted Jesuit formulation linking faith and the practice of justice. Infusion of the faith that does justice into the personal and academic vocation of the university has been on balance salutary and transformative. I do argue, however, that too narrow a focus on the meaning and practice of that injunction has impaired both faith and justice. A one-sided emphasis on certain types of service has inoculated those associated with the university from the full potency of the Ignatian prescriptions of religious indifference, finding God in all things, and discernment."

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"A Methodological Test of Giving: Using Indiana as a Test Case."

Patrick Rooney, Kathryn Steinberg and Paul G. Schervish. Nonprofit and Voluntary Sector Quarterly, vol. 30, no. 3, Sept. 2001,pp.551-568.
In the most recent phase of the telephone survey of giving and volunteering conducted every 4 years, "Indiana Gives," eight groups of approximately 100 randomly selected Indiana residents were asked to complete one of eight surveys related to giving and volunteering. It was found that the longer the module and the more detailed its prompts, the more likely a household was to recall making any charitable contribution and teh higher the average level of its giving.

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"The Methods and Metrics of the Boston Area Diary Study."

John J. Havens and Paul G. Schervish. Nonprofit and Voluntary Sector Quarterly, vol. 30, no.3, Sept. 2001, pp. 527-550.
In this paper we discuss the conceptual framework, methods, and findings of "BADS" in order to provide insights into the problems and prospects of survey research on philanthropy. We hope that the lessons we have learned may both provide knowledge on the fabric of care in our society, as well as suggest theoretical and practical implications for others conducting survey research in this field.

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"The Mind of the Millionaire: Findings from a National Survey on Wealth with Responsibility."

Paul G. Schervish and John J. Havens. New Directions in Philanthropic Fundraising, Understanding Donor Dynamics: The Organizational Side of Charitable Giving. Edited by Eugene R. Tempel. Number 32, Summer 2001, pp. 75-107.

In this paper, we present some new findings on the intersection of wealth and beneficence, empowerment, and moral direction derived from the "Wealth With Responsibility Study / 2000" carried out over two years from March 1998 to March 2000 for Bankers Trust Private Banking and, now Deutsche Bank Private Banking. The sample was 112 families worth $5 million or more. "28%" were the extremely wealthy worth $50 million or more. The paper discusses the implications of the findings. What conclusions can fundraisers, nonprofits, estate planners, financial advisors, and other practitioners draw about how they can better help high-net-worth clients translate their financial wherewithal into an expression of their values in a way that responds to society’s needs?

Download Extended Report on the Wealth with Responsibility Study/ 2000 (76KB)
Download "The Mind of the Millionare: Findings from a National Survey on Wealth with Responsibility" (3.6MB)
Download the 1998 Study on Wealth with Responsibility Survey Questionnaire (640KB)
Download Published Article

"The New Physics of Philanthropy: The Supply-Side Vectors of Charitable Giving." 

Paul G. Schervish and John J. Havens. November 06, 2001. First presented at the Annual Symposium, Indiana University Center on Philanthropy, August 2000. 


This two-part article analyzes the emerging financial and social-psychological forces that are increasingly influential in shaping charitable giving, especially by wealth holders. By referring to the new physics of philanthropy, we emphasize the increasing importance of material wealth and the desire to be efficacious in the commonwealth as supply-side factors, that is, as vectors actually inclining wealth holders toward a more steadfast commitment to philanthropy.

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"Patterns of Charitable Contributions and Transfers to Relatives and Friends based on 1998 SCF."

John J. Havens, Working Paper, October 16, 2001.
"The Survey of Consumer Finances" obtains information concerning financial support (excluding alimony and child support) for relatives and/or friends not living in the household. The information consists of (1) the total of all such support in the year preceding the survey year and (2) the relationship of the recipients to the respondent. In 1997 approximately 12 million households made transfers to relatives and friends (mostly children, parents, and siblings) amounting to $64 billion in total. Such transfers range from as little as $20 to $1,000,000 or more, with an average of $5,359 for households making a transfer. During the same time approximately 35 million households made charitable contributions of $500 or more amounting to $111 billion in total. These contributions ranged from $500 to $10.9 million, with an average of $3,157 for households making contributions of $500 or more.

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"The Spiritual Horizon of Philanthropy: New Directions for Money and Motives."

Paul G. Schervish. April 24, 2001.
Forthcoming in New Directions in Philanthropic Fundraising.
In the first essay, I discussed the general difference between a demand-side and supply-side analysis of philanthropy, the current patterns of charitable giving, estimates of the forthcoming wealth transfer, projections for charitable giving, and why we can expect a greater supply of financial resources for charity. Here in the second essay, I discuss the spiritual side of the supply side and draw out implications for tax policy and fundraising that derive from the analysis in the two essays.

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“The Spiritual Secret of Wealth: The Inner Dynamics by which Fortune Engenders Care.”

Paul Schervish, with Mary A. O’Herlihy and John J. Havens. Paper presented to the Indiana University Center on Philanthropy’s Fourteenth Annual Symposium, Faith and Philanthropy. Indianapolis, October. 25, 2001. Accepted for publication in New Directions in Philanthropic Fundraising. Understanding the Needs of Donors: The Supply-Side of Charitable Giving. Edited by Eugene R. Tempel and Dwight F. Burlingame.

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"Temporal Patterns in Social Responsibility."

David M. Almeida, Daniel A. McDonald, John J. Havens, and Paul G. Schervish. In Rossi, Alice S. (ed.), Caring and Doing For Others: Social Responsibility in the Domains of Family, Work, and Community. Chicago: The University of Chicago Press, 2001. Pp. 135-156.
The exploration of temporal cycles of socially responsible activity is a relatively neglected area of research. In this chapter we have begun to explore and identify short cycle and long cycle rhythms in this behavior and conclude that time itself and the societal rhythms entailed in the passage of time generally do not affect all persons and individuals in the same way.

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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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