With the number of Americans giving to charity on the decline, many nonprofits are relying on a smaller and more affluent circle of supporters to meet their fundraising goals. The 2023 Bank of America Study of Philanthropy, the ninth in a series of biennial reports on giving by wealthy households in the United States, illuminates many expressions of generosity by affluent Americans. The series offers practical insights into distinct donor demographics including rising generation, women, LGBTQ+ and ethnically diverse donors. These insights can help build confidence and increase the success of nonprofit leaders when seeking transformational gifts from high-capacity donors.

Elizabeth Barnette is a Managing Director and Senior Philanthropic Strategist for Bank of America Private Bank's National Consulting and Advisory Practice. Elizabeth delivers customized consulting to endowment and foundation clients’ boards of directors and senior leaders in areas such as mission advancement, nonprofit governance, and board dynamics. Elizabeth has over 25 years of experience working with nonprofits. Prior to her current role, Elizabeth was a National Fiduciary Philanthropic Manager at the Bank, overseeing a team of professionals providing administrative services to over 500 endowed public charity clients. Before joining the Bank, Elizabeth was the Assistant Director of Planned Giving at Stevens Institute of Technology.
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