There is good news for any non-profit that relies on donations for financial support. A new study has found that retirement does not have a significantly negative impact on charitable giving.
The study, conducted at the Women’s Philanthropy Institute at Indiana University, found that if a pattern of gifting to charity has already been established before retirement, it is highly likely to continue after retirement, even as other financial changes occur.
“That dispels the myth that retired couples don’t have money or won’t give,” said Debra Mesch, director of women’s Philanthropy at the Lilly Family School of Philanthropy at Indiana University.
The report drew data from studies that tracked charitable giving over a number of years, starting in 2001. The sample surveyed included more than 6,000 single, married or cohabitating households where individuals were aged 55 to 101.
The Women’s Philanthropy Institute is a part of the Lilly Family School of Philanthropy at Indiana University. The goal of research and educational programming at the institute is to increase understanding of women’s philanthropy and broadly share the results to improve charitable giving.