TY - JOUR
T1 - Health, wealth, and charitable estate planning
T2 - A longitudinal examination of testamentary charitable giving plans
AU - James, Russell N.
PY - 2009/12
Y1 - 2009/12
N2 - Anticipated generational wealth transfers hold much potential for nonprofits. However, a weighted cross-sectional analysis of 18,469 respondents in the 2006 Health and Retirement Study (HRS) and data from respondents dying between the 2004 and 2006 HRS waves indicated that 88% to 90.5% of donors (>$500/year) more than the age of 50 will die without a charitable bequest. Cross-sectional probit analysis of the 2006 HRS and longitudinal conditional fixed-effects logistic analysis of the 1995-2006 HRS indicated that charitable estate planning was positively associated with age, wealth, education, religious attendance, volunteering, charitable giving, and the absence of children or grandchildren. In all specifications, the absence of children was a dominant predictor of charitable estate planning.
AB - Anticipated generational wealth transfers hold much potential for nonprofits. However, a weighted cross-sectional analysis of 18,469 respondents in the 2006 Health and Retirement Study (HRS) and data from respondents dying between the 2004 and 2006 HRS waves indicated that 88% to 90.5% of donors (>$500/year) more than the age of 50 will die without a charitable bequest. Cross-sectional probit analysis of the 2006 HRS and longitudinal conditional fixed-effects logistic analysis of the 1995-2006 HRS indicated that charitable estate planning was positively associated with age, wealth, education, religious attendance, volunteering, charitable giving, and the absence of children or grandchildren. In all specifications, the absence of children was a dominant predictor of charitable estate planning.
KW - Charitable giving
KW - Estate planning
KW - Philanthropy
KW - Planned giving
UR - http://www.scopus.com/inward/record.url?scp=70449558945&partnerID=8YFLogxK
U2 - 10.1177/0899764008323860
DO - 10.1177/0899764008323860
M3 - Article
AN - SCOPUS:70449558945
VL - 38
SP - 1026
EP - 1043
JO - Nonprofit and Voluntary Sector Quarterly
JF - Nonprofit and Voluntary Sector Quarterly
SN - 0899-7640
IS - 6
ER -