Wealthy women are more likely to make large philanthropic donations and volunteer with charitable organizations than their male counterparts, the Los Angeles Times reported Nov. 15.
A survey by the National Foundation for Women Business Owners found that half the women surveyed with assets of more than $1 million contributed at least $10,000 a year to charity, compared with 40 percent of men.
The survey, which examined the philanthropic behavior of entrepreneurs, also found that women are more likely to assume volunteer leadership roles in charity organizations.
Regardless of gender, business owners are more likely to give to charity than the general public. According to the survey, 9 out of 10 entrepreneurs contribute to philanthropic organizations compared with all U.S. households.
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