The millennial generation is often stereotyped as lazy and entitled. But when it comes to giving back, this generation is proving all of the naysayers wrong.
According to a report by The Case Foundation, millennials are more likely than any other age group to donate their time and money to charity. 84% of millennials have made charitable donations in the past year.
This is excellent news for the world of philanthropy. In this article, we will explore why millennials are so passionate about giving back and look at the innovative ways that they are changing the face of philanthropy.
The Desire to Make a Difference
Many millennials are so passionate about philanthropy because they want to make a difference. They see problems like poverty, inequality, and climate change, and they want to do something about them. A study by Deloitte found that 92% of millennials believe that businesses have a responsibility to help address social and environmental issues.
This desire to make a difference is also reflected in the charities millennials are most likely to support. A study by The Case Foundation found that the top three areas of focus for millennial donors are education, health, and human services. These causes resonate with millennials because they see them as opportunities to create meaningful change.
Alongside donating time and money, many millennials also use their skills and talents to help make a difference. For example, countless young entrepreneurs are starting social enterprises that address various social and environmental issues. There is also a growing movement of young people getting involved in politics and using their voices to advocate for change.
Innovative Methods
Millennials are also changing the face of philanthropy through innovative methods. One example of this is the rise of online giving platforms. These platforms allow donors to easily donate to their favorite charities with just a few clicks. This makes it easy for millennials to give back regularly, and it also allows them to donate money to causes that they are passionate about.
Another example of millennials changing the face of philanthropy is through their use of social media. Social media platforms allow millennials to share inspiring stories of charity work and connect with others who share their same values. This will enable millennials to build a community of passionate people about giving back, and it also helps raise awareness for important causes.
In conclusion, the millennial generation is changing the face of philanthropy through their passion for giving back. They are doing everything in their power to make a difference. This is excellent news for the world of philanthropy, and we can expect to see even more innovation from millennials in the years ahead.