According to the 2022 Bank of America Private Bank Study of Wealthy Americans, most well-to-do people of all ages feel compelled to give to philanthropic causes. However, although 82% of parents believe their children share the same vision and goals when it comes to giving, members of younger generations feel the need to pave their own way in the world of philanthropy.
Read MoreResearch shows charitable donors prefer to give their time over money — even when it does less good for the cause — because they perceive it gives them more control over where their donation goes. But nonprofits, although they need both donors’ time and money to succeed, feel that financial gifts have the most impact.
Read MoreEngiven is a cryptocurrency donation management platform formed in 2018. Its roster of churches and charities includes major groups such as The Salvation Army, Compassion International and March of Dimes, and CEO James Lawrence predicts it’ll be serving 1,000 clients by the end of 2021.
Read MoreTrustBridge — an organization founded by atheist-turned-Christian Robert Collins — tries to make it easier for Americans to give directly to foreign ministries. Its approach cuts out the usual intermediary charities, which sometimes take a significant portion off the top for their expenses, while still allowing donors to get a tax deduction.
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