Tuesday, December 04, 2007

Women to take on more responsibility through philanthropy

Women to take on more responsibility through philanthropy: "Today, the odds are good that the majority of the people in the United States with altruistic intentions are women. Why are women becoming more prevalent in philanthropic ideals? Simply stated, there are 6 million more women than men in the country. Plus, more women hold an undergraduate degree or a higher diploma than their counterparts, and 57 percent of today's enrollment in institutions of higher education are female -- a trend that has been steadily climbing since 1979. This demographic has also realized it can have a significant economic impact on the country. In 2005, the Internal Revenue Service said 46.3 percent of the nation's wealthiest people were women. These 3.4 million women represent a 36 percent increase from the prior reporting period in 1998. With combined assets of $6.3 trillion, their wealth has increased 50 percent in seven years."

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