High Net-Worth Philanthropy and the Arts

Posted by Gary Steuer, Jan 02, 2008 0 comments

A new study, Portraits of Donors, conducted by The Center on Philanthropy at Indiana University was recently released by Bank of America, looked at the philanthropic patterns of high net worth households. This report is based on data already gathered and issued in an initial report that examined giving by the wealthiest 3.1 percent of households. This new study explicitly looks at giving by the wealthiest Americans those that have a net worth of more than $1 million and annual income of more than $200,000. Eighty percent of the sample had a net worth of more than $2 million, and the group of responders was clustered into 12 archetypes:

  • The Very Wealthy
  • The Bequeather
  • The Devout Donor and the Secular Donor
  • The Entrepreneur
  • The Dynast
  • The Metropolitan
  • The High Frequency Volunteer
  • The Strategic Donor and the Transactional Donor
  • The Altruistic Donor and the Financially Pragmatic Donor

While space won't allow describing the characteristics of each of these donor groups, or their behavior, there are a number of very interesting results relevant to giving to the arts that I would like to highlight. Let's focus first on the sweet spot those categories that seem most likely to support the arts (in bold above): Entrepreneurs, Dynasts, Metropolitans, and High Frequency Volunteer. To combine them all, the most likely arts donor would be a person of high net worth with substantial wealth coming from a business they own, who also gives a philanthropy allowance to their children, lives in a major metropolitan area, and volunteers more than 200 hours a year.

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Peer Leadership - Council Election Results

Posted by Americans for the Arts, Jan 02, 2008 0 comments

Americans for the Arts is pleased to announce our Council election results. Below are your peers from across the country who will be serving on the following Councils starting next year. Thank you to everyone who submitted nominations and who voted online. We are looking forward to working with these leaders throughout their terms.

Arts Education Council
Emerging Leader Council
Public Art Network (PAN) Council
United Arts Fund (UAF) Council

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