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Why the Wealthy Give PDF

202 Pages·1995·0.78 MB·English
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WHY THE WEALTHY GIVE WHY THE WEALTHY GIVE THE CULTURE OF ELITE PHILANTHROPY FRANCIE OSTROWER PRINCETON UNIVERSITY PRESS PRINCETON, NEW JERSEY Copyright(cid:211) 1995byPrincetonUniversityPress PublishedbyPrincetonUniversityPress,41WilliamStreet, Princeton,NewJersey08540 IntheUnitedKingdom:PrincetonUniversityPress, Chichester,WestSussex AllRightsReserved LibraryofCongressCataloging-in-PublicationData Ostrower,Francie. Whythewealthygive:thecultureofelitephilanthropy/ FrancieOstrower. p. cm. Includesbibliographicalreferences(p. )andindex. ISBN0-691-04434-1(cloth:alk.paper) 1.Philanthropists—NewYorkCity(N.Y.) 2.Charities— NewYorkCity(N.Y.) 3.Voluntarism—NewYorkCity(N.Y.) 4.Elite(Socialsciences)—NewYorkCity(N.Y.)I.Title. HV99.N59085 1995 361.7¢4—dc20 95-2854 ThisbookhasbeencomposedinGalliard PrincetonUniversityPressbooksareprinted onacid-freepaperandmeettheguidelinesfor permanenceanddurabilityoftheCommitteeon ProductionGuidelinesforBookLongevity oftheCouncilonLibraryResources PrintedintheUnitedStatesofAmerica byPrincetonAcademicPress 10 9 8 7 6 5 4 3 2 1 To my father, with thanks CONTENTS LIST OF TABLES ix ACKNOWLEDGMENTS xi INTRODUCTION 3 CHAPTERONE Philanthropy and Status Boundaries among the Elite 28 CHAPTERTWO Religion, Ethnicity, and Jewish Philanthropy 50 CHAPTERTHREE Gender, Marriage,and Philanthropy 69 CHAPTERFOUR Education, Culture, and the Institutionalizationof Philanthropic Values 86 CHAPTERFIVE Attitudes toward Inheritance and Philanthropic Bequests 100 CHAPTERSIX Government and Philanthropy: Alternativesor Complements? 113 CONCLUSION 132 METHODOLOGICAL APPENDIX 143 NOTES 145 BIBLIOGRAPHY 177 INDEX 185 TABLES 1.1 Number of Board Memberships Held by Donors 29 1.2 Relationships Cited in Connection with Donors’ Largest Gifts (Percentages by Area) 30 1.3 Distributionof Donors by Area of Giving (Largest Gifts) 40 1.4 Determinants of Board Membership: OrdinaryLeast Squares and Logistic Regression Results 46 2.1 Donors’ Religious Affiliation and Area of Giving (Largest Gifts) 54 3.1 Gender and Area of Giving (Largest Gifts) 73 3.2 Gifts of $1,000 or More Received from Men, Women, and Couples by Large New York Nonprofits in DifferentAreas of Activity 75 3.3 Percentage of Women on Large New York Nonprofit Boards by Area of Activity 82 5.1 Percentage of Donors’ Estate Left to Philanthropy: Means and Medians 109 5.2 Percentage of Donors’ Estate Left to Philanthropy: Regression Analysis Results 110

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Through a series of candid personal interviews with nearly one hundred donors, Why the Wealthy Give offers an in-depth look at the world of elite philanthropy. Francie Ostrower focuses on the New York City area, with its high concentration of affluent donors, to explore both the motivations of indiv
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