In this report we find that Gen X and Gen Y philanthropists remain united by a combination of factors: an increasingly global mindset, an active engagement in giving and a strong desire to have a measureable, enduring impact. A new generation of financiers is uniting a passion for investing with an intense desire to transform the world for the better.
- Young philanthropists are impact-focused and results-focused.
- Heirs and heiresses' traits are characterized by active engagement; behind-the-scenes, enthusiastic involvement; an interest in legacy and the continuity of their family's values.
- Not as status-conscious, willing to get hands dirty and employing non-traditional methods like shareholder activism.
- A graph compares family use of philanthropic vehicles versus those used by younger donors. (Checks are used most by each group.)