Does it pay to pray? Religious nonprofits and funding |
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| Institution: | 1. Department of Accountancy and Information Systems, Villanova University, United States;2. School of Accounting, Florida International University, United States;1. Lynn Pippenger School of Accountancy, Muma College of Business, University of South Florida, 4202 East Fowler Ave., BSN 3403, Tampa, FL 33620, United States;2. Department of Accounting and Finance, Paul College of Business and Economics, University of New Hampshire, 11 Garrison Ave., Durham, NH 03824, United States;1. Dhaliwal-Reidy School of Accountancy, University of Arizona, 1130 E. Helen St., PO Box 210108, Tucson, AZ 85721, United States;2. LeBow College of Business, Drexel University, Philadelphia, PA 19104, United States;3. Neeley School of Business, Texas Christian University, Fort Worth, TX 76129, United States;1. Harbert College of Business, Auburn University, 345 Lowder Hall, Auburn, AL 36830, USA;2. College of Business, Colorado State University, Rockwell Hall Room 256, Fort Collins, CO 80523, USA;1. BI Norwegian Business School, Nydalsveien 37, 0484 Oslo, Norway;2. SKEMA Business School, Université Côte d''Azur, 5 Quai Marcel Dassault, 92150 Suresnes, France;3. Université de Lorraine, Université de Strasbourg, CNRS, BETA, 13 Place Carnot, 54035 Nancy, France |
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| Abstract: | This study examines whether religious identity has an impact on two types of funding, donations and government grants, received by nonprofit organizations. We argue that religious nonprofits attract more donations because (1) donors feel an affinity or special tie to religious organizations and/or (2) donors regard religious organization as having good stewardship. Using 54,917 organization-year observations we find that 18% of the largest U.S. nonprofit organizations have some religious identity and that these organizations receive more donations than their non-religious counterparts. We further find that the association is more pronounced for nonprofits in more religious geographic areas, those with unrestricted donations, and organizations with better stewardship. Conversely, we find that government grants are negatively associated with religious identity, a result consistent with the separation between church and state established under U.S. law and tradition. This negative relationship, however, is mitigated for nonprofits with better stewardship. Our results should be of interest to donors and policymakers who seek to understand the impact of religion on nonprofit funding as well as the role of donor affiliation and stewardship in the fundraising process. |
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| Keywords: | Nonprofit organizations Donations Religious affiliation Government grants |
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