Spencer: Women’s charitable giving is gaining momentum

The third full week in October ushers in National Businesswomen’s Week each year. As women continue to make strides in the corporate and entrepreneurial world, there is also a growing trend in women’s giving. While women have long been thought of as taking the lead when volunteering talent and time, and they still do at 56%, women have also been slowly gaining momentum in another philanthropic category — charitable donations. Research about women and philanthropy shows that 73% of charitable donors in the world are women. Dialing that back to the U.S. in the high-net-worth category, it is estimated that approximately 93% of high-net-worth women gave money to charity, according to the “2018 U.S. Trust Study of High Net Worth Philanthropy.”