63 research outputs found

    The Role of Mental Budgeting in Philanthropic Decision-Making

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    Mental budgeting (also known as mental accounting) has examined how consumers allocate and expend resources. However, the mental budgeting literature has not yet examined the availability and use of mental budgets for philanthropic, as opposed to day-to-day, consumption. Depth interviews with donors in both the United States and Canada reveal that donors do maintain mental budgets for philanthropy, that charitable gifts are expensed against the mental budget for philanthropy as well as against other budgets, and that donors’ mental budgets are malleable. Study findings extend the literature on the management and malleability of mental budgets, and provide insight to nonprofit organizations (NPO) to better position appeals to maximize donations and strengthen long-term donor relationships

    Financial planners and philanthropic planning

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    This article reports findings from a survey of Canadian financial planners. The focus of the study is learning more about the depth and breadth of philanthropic planning that is included in their advising services to their high-net worth clients. The findings indicate that a minority of financial planners (1) regularly broach the topic of philanthropy in their counseling, (2) believe their clients are interested in philanthropy, and (3) feel sufficiently knowledgeable to assist their clients with philanthropic planning. The implications of these findings and recommendations for improvement are discussed
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