In this episode of the First Day Podcast, host Bill Stanczykiewicz, Ed.D. is joined by Hilda Vega, Deputy Vice President, Philanthropic Practice. The organization, celebrating its 40th anniversary, commissioned a significant study through the Indiana University Lilly Family School of Philanthropy. The study, titled "Latinx Philanthropy: Understanding Generosity Trends Across Latinx Communities in the United States," aimed to refresh and deepen the understanding of Latino donors' roles in philanthropy. This comprehensive study was designed to answer frequent questions about the philanthropic behaviors and challenges of Latinx communities and to contribute to the broader understanding of philanthropy's diversity and evolution.
The study brought to light several critical findings about Latinx philanthropy. It revealed that Latinx donors, like donors across the U.S., often give based on their values, family connections, and community needs. The research provided a unique blend of quantitative data and qualitative insights from focus groups, highlighting long-term trends in Latinx giving. Interestingly, it showed that Latinx giving mirrors broader U.S. trends, with a strong emphasis on family and community investment. However, the study also pointed out challenges, such as a decline in institutional trust and economic changes post-pandemic. Notably, the role of peer-to-peer giving, mutual aid, and remittances were underscored as significant aspects of Latinx philanthropy, with remittances playing a vital role in supporting entire communities in the donors' countries of origin.
The episode also looked into the implications of these findings for fundraisers and the importance of inclusivity in philanthropic efforts. As the Latinx population continues to grow and diversify within the U.S., understanding these trends is crucial for fundraisers, particularly those from different ethnic backgrounds. The study highlights the necessity for fundraisers to build genuine relationships with donors, understand their interests, and include Latinx communities in their efforts. The research indicates that as Latinx individuals establish themselves longer in the U.S., their capacity to donate increases. This generational and residency duration factor is essential for understanding donor behavior. The episode concludes with a call for more inclusive fundraising practices that recognize the unique and evolving role of Latinx donors in philanthropy.