The timing of final charitable bequest decisions |
| |
| Authors: | Russell N. James III Christopher Baker |
| |
| Affiliation: | 1. Asia‐Pacific Centre for Social Investment and Philanthropy, Swinburne University of Technology, Melbourne, Victoria, Australia;2. Texas Tech University, Personal Financial Planning, Lubbock, USA |
| |
| Abstract: | - Understanding the timing of final charitable bequest decisions permits nonprofits to co‐ordinate their marketing efforts to correspond with donor decision‐making. Using probate data from Australia and longitudinal survey data from the USA, this paper seeks to identify the timing of decisions that resulted in realized charitable bequests. We find evidence that charitable transfers result mostly from decisions that occur during the last 5 years of life and at the oldest ages. Charitable plans made earlier in life are often discarded.
Copyright © 2015 John Wiley & Sons, Ltd. |
| |
| Keywords: | |
|
|
