Increasing charitable giving what can we learn from economics?

For some people, charitable giving is not obvious territory for economists. There is a view that giving money to charity is not a rational activity and by implication not something that economists have much to say about. However, this narrowly equates being rational with acting purely in one’s self-interest and the two are not necessarily the same thing. In practice, giving to charity involves making decisions about how to allocate limited resources decisions over how much to give in total, whether to give time or money, and whether to give to one charity or another. Unless these decisions are made randomly, it must be that individuals are using some criteria to try to make the best decisions, even if they are maximising with respect to something fuzzy like “warm glow” This leads into territory where incentives are likely to matter and where economics is likely to have something to say.

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Nonprofit Westchester

Our mission is to strengthen the capacity, impact and visibility of the nonprofit sector in Westchester County for a more just and caring community. Advocating for the Sector. Nonprofit Westchester stays on top of pending legislative and budgetary decisions in Westchester. Nonprofit Westchester disseminates information that is critical and timely to its membership.

OTHER WHITEPAPERS
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8 Nonprofit Fundraising Ideas (and How Artificial Intelligence Can Improve Them)

whitePaper | February 26, 2020

Big promises are being made about artificial intelligence (AI) and how it will impact our lives. Experts say AI is slowly “edging” its way into daily life, but tectonic changes in transportation, the workplace, and lifestyle have yet to pass. So, when will AI truly “arrive”? In some areas, it already has. One such area generating substantial value is, perhaps surprisingly, the nonprofit space. While nonprofits aren’t historically at the forefront of technological advancement, this sector is quietly becoming an early adopter of AI.

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Strategic Time Horizons a Global Snapshot of Foundation Approaches

whitePaper | January 17, 2020

Rockefeller Philanthropy Advisors (RPA) is a nonprofit organization that currently advises on and manages more than $200 million in annual giving by individuals, families, corporations, and major foundations. Continuing the Rockefeller family’s legacy of thoughtful, effective philanthropy, RPA remains at the forefront of philanthropic growth and innovation, with a diverse team led by experienced grantmakers with significant depth of knowledge across the spectrum of issue areas. Founded in 2002, RPA has grown into one of the world’s largest philanthropic service organizations and, as a whole, has facilitated more than $3 billion in grantmaking to nearly 70 countries. For more information, please visit www.rockpa.org.

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3 Keys to Fundraising for Nonprofits in 2022

whitePaper | June 7, 2022

The fundraising landscape has dramatically changed due to the pandemic and a shift to more activities being remote. Nonprofits throughout the world face the daunting challenge of continuing operations that rely largely on fundraising and charitable giving from a network of donors facing their own financial hardships.

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11 Trends In Philanthropy For 2023

whitePaper | January 11, 2023

The philanthropic sector is an ecosystem: a web of interdependent actors, infinitely variable, striving constantly to build something greater than the sum of its parts. The same is true in philanthropy. Each nonprofit, foundation, donor, community, or network is affected differently by our national and global zeitgeist. But as each player adapts to changes in that context, the sum of those many reactions can become a force of its own.

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Charity sector developments

whitePaper | April 1, 2022

This year there are increasing macroeconomic headwinds on the horizonaltogether. As we continue to operate in an uncertain environment this will undoubtedly increase the importance of the work of charities in our society. In this publication, we consider these headwinds, and the sector risks they present as well as the opportunities and practical considerations for charities. A particular focus will be on climate change and how charities can develop their response in this area. We also review wider developments in the charity world, including in relation to specific risks and external audit, as well as in the areas of tax and VAT.

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New best practices to connect with today’s charitable donors

whitePaper | March 9, 2021

Nonprofits have adapted to the challenges of 2020 and pivoted from charity galas to virtual events, while ramping up digital outreach and direct mail campaigns. To help nonprofits continuously connect with donors Data Axle surveyed 1,200+ charitable donors and gleaned insights into their behaviors and preferences – including how they like to give, why they remain loyal, their legacy giving plans, and much more.

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Spotlight

Nonprofit Westchester

Our mission is to strengthen the capacity, impact and visibility of the nonprofit sector in Westchester County for a more just and caring community. Advocating for the Sector. Nonprofit Westchester stays on top of pending legislative and budgetary decisions in Westchester. Nonprofit Westchester disseminates information that is critical and timely to its membership.

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