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If you're a millionaire under the age of 43, you might want to think twice about giving to a charitybecause you're more likely to volunteer, fundraise, and act as a mentor than you are to give money, according to a new survey from Bank of America Private Bank.
"They've already got these complex [giving] vehicles at the ready, so the education piece is critical both for nonprofits and for the advisors," the bank's head of philanthropic research tells CNBC.
With charity increasingly dominated by wealthy donors, and with the next generations expected to inherited over $80 trillion in the coming decades, courting the young rich will be critical.
"You need their perspective and you're going to need their money," the bank's head of philanthropic research says.
"Advisors to the young rich also need to be generous with their praise."
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Brock University scholars are creating innovations that advance research in their disciplines and beyond.Early detection and analysis of nodules done through computed tomography (CT) screening has...more
This year, the University of Arizona Health Sciences published research on the potential of cannabis terpenes for pain relief.The U of A Health Sciences also reported on new findings in the areas of...more
Memorandums of Understanding (MOUs), Designated Collaborating Organizations (DCOs), and informal partnerships are critical strategies for Community Behavioral Health Clinics (CCBHCs) to enhance...more
Frontiers in MS Research: Driving Innovation and Collaboration for a Better Future for People with MS - MS Australia.The symposium highlighted groundbreaking research on MS prevention, early...more
MED-EL Contest Aims to Inspire Young Hearing Health Innovators.Open to children aged 6 to 12 years, this year's contest is in celebration of World Inventors Day.The contest encourages entrants to...more
Bedrock will team up with BAMF Health, Michigan Innovation Headquarters (MI-HQ), Ferris State University, Wayne State University and TechTown on the project.Henry Ford Health and Michigan State...more
The Trifecta Initiative Facilitating Fund (TIFF) Awards are designed to provide investigators with resources towards federally funded NIH/NSF proposals.The TIFF Award is intended for targeted data...more
Officials with HCA Healthcare and the Virginia Foundation for Community College Education held a check presentation at Virginia Western Community College.The $50,000 grant will provide seed money to...more
Andersen Corporation Announces $50.8 million in Year-End Profit Sharing and 2024 Donations Totaling Over $5 million in Support of Local Communities.Andersen and its corporate foundation continued...more
The award is given annually to an outstanding young scientist working on some aspect of endocrine disruption research.It is in memory of Lou Guillette, Jr., Ph.D., the former director of the Marine...more
Health News from...
Ford Foundation
Spencer Foundation
Akron Community Foundation
Social Entrepreneurship
Spotlight
Social Enterprise Shortlisted for First Citi Microentrepreneurship Awards
First Enterprise Business Agency (FEBA), a Nottingham-based business support organization, is a contender for two categories at the first Citi Microentrepreneurship Awards to be held this coming February.
