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Who funds the World? Millennials and Women

Women make up more than 70 per cent of the world’s donors, with demographic shifts and greater wealth to thank.


That’s according to Australian Unity Trustees. Speaking in the lead up to International Women’s Day, held today, executive general manager at Australian Unity Trustees Emma Sakellaris noted that while Bill Gates and Mark Zuckerberg occupy the public consciousness when it comes to famous philanthropists, it’s actually women who are “really moving the dial on philanthropy”.

Commenting on this, she said, “There are both social and demographic changes at play here. For instance, although life expectancy is increasing for both men and women in developed countries, women are still living longer than men. As such, they are likely to inherit twice – from their parents, and then from their spouse.”

Ms Sakellaris said that in addition to this, more women are now working for much longer.

“The result is that more women now control more wealth personally than at any other time in history – and they have the knowledge and confidence to direct how it should be spent,” she said.

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13 March 2018


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