Australian women are set to inherit trillions – what will that mean for giving?: Philanthropy Australia

Published 12 April 2024

JBWere’s recent report, The Growth of Women and Wealth, estimates that Australian women will become custodians of more than 65% of the nearly $5 trillion in intergenerational wealth transfer in coming years – but what does that mean for charitable giving?
It’s notable that women approach philanthropy differently to men. In general, women tend to be very socially conscious, lead the giving in their families, and focus on communities they care about. As women’s wealth increases, so do the opportunities for the philanthropic sector.

Last year, JBWere partnered with CoreData to research Australia’s growing cohort of high-net-worth (HNW) women. The report, which was released in March, showed the number of wealthy women in Australia has been steadily growing for the past decade, with close to twice the growth in the number of new women millionaires to men.

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