Even Beyonce said, ‘girls rule the world.’ It’s also true in the world of philanthropy. Women and their role in philanthropy have been hot topics for many years. There are amazing books that go into the depths of exactly how women are moving the needle. In this blog post we’ll focus on female widows and the impact they fuel in the nonprofit sector. It’s not only that women are inheriting wealth from their partners, they’ve made their own money.
Let’s look at some facts:
- In addition to balancing work and families, women volunteer at a higher rate than men.
- Forty-five percent of American millionaires are now women, and 48 percent of estates worth more than $5M are controlled by women
- Women-owned firms that bring in $10M+ in revenue increased by 57 percent in 2013
- By some estimates, as much as two-thirds of all wealth in the U.S. will be controlled by women by the year 2030.