Jacqueline Ackerman

Economic Effects on Million Dollar Giving

This study investigates the impact of economic conditions on the number of charitable gifts of 1 million dollars or more within the United States using the Million Dollar List (MDL) data set. We investigate key donor types—individuals, corporations, and foundations—using quarterly data. Results indicate that individual donors are significantly responsive to underlying economic conditions, foundation giving tends to be countercyclical, and corporate giving is less closely linked with aggregate macroeconomic conditions. We also find that economic conditions vary in their influence on million dollar giving to subsectors, and gifts to public benefit and human services organizations increase significantly during periods of recession, holding other factors constant. In contrast, million dollar giving to arts and education organizations is significantly associated with favorable economic conditions, holding other factors constant. Findings have direct implications for philanthropists, fundraisers, and policy makers as they seek to understand how economic conditions affect large gifts.

Giving to Women and Girls: An Emerging Area of Philanthropy:

Philanthropy for women’s and girls’ causes is a growing area of interest among donors and fundraisers. However, beyond foundation giving, limited research has been conducted to understand who gives to women’s and girls’ issues and donors’ motivations for such support. Using the frameworks of collective identity and the social identification theory of care, we conducted a sequential mixed-methods study in the United States to investigate donors’ characteristics and experiences. Through a national survey, we find that women are more likely to give to women’s and girls’ causes and that age and income are the most significant determinants of this giving. In focus groups, donors report giving to women’s and girls’ causes based on three motivational themes: personal experiences of gender inequality, a belief that supporting women’s rights is beneficial for society, and the perceived effectiveness of nonprofit organizations, largely supporting the social identification theory of giving.