Growing Number of Top Women Donors
More than ever, women are taking increasingly prominent roles in society and becoming 21st century economic powerhouses, notes the American Red Cross. About 3.4 million women make up 46.3% of the nation' top wealth holders, according to a 2005 IRS report on 2001 income. These women had a combined net worth of $6.291 trillion, an increase of nearly 50% beyond what was previously reported in 1998.
Understanding these trends, the American Red Cross gathered more than 350 leading women donors from across the country for a two-day summit on philanthropy and service. The attendees included members of the American Red Cross Tiffany Circle Society of Women Leaders -- a network of women who donate $10,000 annually to support local Red Cross chapters in their community. Since its creation just three years ago, members of the Tiffany Circle have helped the Red Cross raise more than $13 million and the group has grown to more than 500 members.
"These women are part of a legacy of women leaders and innovators who have played a critical role within the Red Cross in helping to serve the American public," said Gail McGovern, president and CEO of the American Red Cross. "We are honored and inspired by the support and leadership of these women who are giving back to their community and the Red Cross through the Tiffany Circle."
Donations by members of the Tiffany Circle help ensure Red Cross chapters continue to have the ability to train volunteers to respond to disasters, help military families reach loved ones in an emergency, and enable chapters to teach individuals and families to prevent, prepare for and respond to everyday emergencies. The Tiffany Circle program and the support from its members make a real difference. For example, the Red Cross Greater Miami & the Keys Chapter had a total of 15 donors who gave at the $10,000 level in 2006. In 2007, when the chapter joined the Tiffany Circle Program, the number of donors more than doubled to 31. As a result, the Tiffany Circle members help to fund items for 120 Disaster Team Responders, including gear, transportation and training, all critical upgrades that help the chapter better respond to disasters.