Investigating Differences in Charitable Motivations of the Ultra-Wealthy

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Title: Investigating Differences in Charitable Motivations of the Ultra-Wealthy
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Description: This study aims to discover whether there is a difference in philanthropy between billionaires who made their own wealth and billionaires who inherited their wealth by testing the applicability of an earlier statistical model from previous research. Two samples of billionaires from the 2019 Forbes 400 list were used, one sample of the top 100 and another of a random 100. Forbes’s self-made scores were used to measure the degree to which each billionaire made their own wealth. Two different variables in separate tests were used to measure philanthropy: Forbes’s philanthropy score and impact investor designation. ANOVA and Pearson’s r statistic tests were used. Only the top 100 sample when using philanthropy score to measure philanthropy showed a difference in charitable giving between billionaires with inherited wealth and those with self-made wealth. As a secondary finding, the results indicated that the billionaires in the top 100 sample were more philanthropic than the billionaires in the random sample. This study has implications for future research on factors that influence the charitability of billionaires, including source of wealth and political and social costs. Research on charitable motivations of ultra-wealthy individuals is important because it helps not-for-profit organizations understand how to appeal to these individuals for donations, Honors Thesis Advisor: Dr. Joshua Chicarelli.
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Contributor: California University of Pennsylvania. Honors Program., Kach, Brittany M. (Author)
Date: 2020-04-22
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Identifier: cali:2222
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