What's Happening?
A study conducted by Slingshot, a nonprofit organization supporting young Jewish philanthropic leaders, reveals that young Jewish philanthropists are eager to play a more active role in their communities.
The study, titled 'Portrait of Next-Gen Jewish Giving Today,' surveyed 31 young philanthropists aged 20-40, highlighting their desire for hands-on involvement rather than merely donating money. These individuals view Judaism and philanthropy as integral to their identity, instilled from a young age through various Jewish practices. They are concerned about Jewish matters and broader global issues such as climate change, gun violence, inequality, and democracy. The study emphasizes the need for intergenerational and intercultural partnerships to address these challenges effectively. Young leaders are grateful for the lessons learned from their elders but seek to add their own perspectives to philanthropic efforts, aiming for shared decision-making and community inclusion.
Why It's Important?
The findings of the Slingshot study underscore a significant shift in the approach to philanthropy among young Jewish leaders. This generation is poised to inherit substantial wealth, marking the largest wealth transfer in history. Their active involvement in philanthropy could lead to innovative solutions to pressing issues like antisemitism and safety within the Jewish community. By seeking collaborative and inclusive approaches, these young philanthropists could redefine traditional philanthropic models, potentially leading to more effective and sustainable outcomes. Their focus on broader societal issues also highlights the potential for Jewish philanthropy to contribute to global challenges, fostering partnerships across cultural and generational lines.
What's Next?
As young Jewish philanthropists continue to seek greater involvement, organizations like Slingshot may need to adapt their strategies to accommodate this new generation's desire for leadership roles. This could involve creating more opportunities for young leaders to engage in decision-making processes and fostering environments that encourage innovative thinking. Additionally, the study's emphasis on intergenerational collaboration suggests that older generations may need to make room for new voices at the philanthropic table, potentially leading to a more dynamic and diverse approach to addressing community and global issues.
