July 1, 2017
The Philanthropic Trends Digest
A Publication of Lawson Associates, Inc.
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Dear Friend:

Recent studies show that high-net-worth women in 50% of households make their own decisions about where to donate their funds.  Surveys also show that women investors are more interested than men in helping the world by doing good with their investments.

Research at the women's Philanthropy Institute at the Lilly Family School of Philanthropy at Indiana University indicates that single women at all economic levels are more likely to give than men, and, when they do give, they give more.  Debra Mesch, Director of the Institute, thinks she may know the reason:  "Women are socialized early in life to take care of others, so they're more motivated by empathy and altruism.  And, they tend to spread their giving among a number of causes."

Another factor in female giving is that women tend to get involved in what they are giving to.  Men, on the other hand, use such tools as tax deduction to stimulate their giving.

A good example of all this is Marlo Thomas, the comedian Danny Thomas' daughter.  After his death, she took on the task of supporting St. Jude Children's Research Hospital in Memphis.  She did this after her first visit to the hospital after her father's death.  Why?  Maybe it was just in her genes both as a woman and the daughter of a great philanthropist.

Sincerely,
 
Douglas M. Lawson, Ph.D.

Kiplinger's Personal Finance, July, 2017, page 24.
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"We are responsible for the world in which we find ourselves, if only because we are the only sentient force which can change it." - James Baldwin 
AT LAST, JEFF BEZOS OFFERS A HINT OF HIS PHILANTHROPIC PLANS - - Jeff Bezos, the founder and CEO of Amazon, is on his way to becoming the richest person in the world, with a net worth of more than $80 billion.   In an effort to change his approach to giving, Mr. Bezos posted on Twitter a "request for ideas" for philanthropy.  "I'm thinking about a philanthropy strategy that is the opposite of how I mostly spend my time - working on the long term," he wrote.  "For philanthropy, I find I'm drawn to the other end of the spectrum: the right now." Citing a homeless program in Seattle, Amazon's hometown, that the company is working with, he said he was seeking to help people "at the intersection of urgent need and lasting impact," adding, "If you have any ideas, just reply to this tweet."  The message from Bezos is challenging conventional wisdom while seeking the wisdom of the market and seeking an answer a question that is likely to follow him more often if and when he becomes the richest man:  What are his plans to give away some or all of his wealth?  "We know that he hasn't been very receptive to traditional philanthropy," said Steve Delfin, a Washington-area philanthropy adviser to companies and wealthy families.   "My guess is that at some point, he will create an innovative new model or a hybrid approach. And maybe, like Amazon, he'll do it better." - - Robert Frank, The New York Times, June 15, 2017.  Read more. 
ROBO ADVISORS' LATEST FORAY: SOCIALLY RESPONSIBLE INVESTING - - As the millennial investor comes of age, there are two new trends emerging - socially responsible investing and robo-advisory services. Recently a small but growing number of firms have introduced automated-or "robo"- investment services that include socially responsible investments. Driving the interest is a desire on the part of potential donors to spend and invest in ways that are consistent with their values.   Data also shows that socially responsible investments can outperform over the long run.  "There is a fair amount of evidence from investor surveys that millennials and women are especially interested in sustainable and impact investing," says Jon Hale, Director of sustainability-investing research at Morningstar Inc.   The new services are part of a trend toward specialization among robo advisers, says Sean McDermott, a project manager at consulting firm Corporate Insight Inc.  "Every major financial-services firm has either launched a robo or has announced plans to do so.  The big firms have advantages, including trusted brand names and bigger marketing budgets," he says. "The startups are trying to carve out a niche to differentiate themselves." - - Anne Tergesen, The Wall Street Journal, June 18, 2017.  Read more. 
CARUTH FOUNDATION GIVES $2 MILLIOON TO DALLAS HOLOCAUST MUSEUM - - The W.W. Caruth Jr. Foundation at Communities Foundation of Texas has given $2 million to the Dallas Holocaust Museum/Center for Education and Tolerance.  Half of the grant will support construction of the Dallas Holocaust and Human Rights Museum near the group's existing facility in the West End, which should begin this year.The other half of the grant will fund educational programs.  The gift is one of the largest contributions to the museum since the 2016 launch of its Building a Foundation of Hope capital campaign.  "We view the robust educational mission and effective approaches taken by the Dallas Holocaust Museum for the benefit of our North Texas community as a transformational investment, not only in a building but in crucial programming," said Communities Foundation of Texas president and CEO, Dave ScullinThe Museum president and CEO, Mary Pat Higgins, expressed gratitude.  "We are extremely thankful to CFT and the Caruth Foundation for standing in solidarity with the mission of the museum to combat prejudice, hatred and indifference," she said.  The Caruth Foundation is supervised by trustees of the Communities Foundation of Texas and is the organization's largest fund. - - Holly Haber, The Dallas Morning News, June 22, 2017.   Read more. 
 STEVEN COHEN, BILLIONAIRE COLLECTOR, GIVES $50 MILLION TO MOMA - - Hedge fund manager, Steven A. Cohen
and his wife, Alexandra, have donated through their foundation to the Museum of Modern Art's capital campaign.  The $50 million gift to the Museum represents the help needed with its $400 million renovation and expansion project.  The couple's philanthropic foundation has donated $50 million to the museum's capital campaign, and MoMA's largest contiguous gallery will be named the Steven and Alexandra Cohen Center for Special Exhibitions. MoMA has raised the money to cover the construction, and is now focused on building the endowment.  The museum's overhaul aims to increase exhibition space and to improve circulation in the museum. Mr. Cohen is a hedge fund manager who joined MoMA's board last year.  "Alex and I have always believed that the arts can, and should, enrich all people's lives," Mr. Cohen said.  "We are excited to see how this gift and the Cohen Center will allow the museum to bring new and even greater artistic experiences to visitors." - - Robin Pogrebin, The New York Times, June 27, 2017.  Read more. 

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