Rise Of The Sheconomy

December 14, 2010      Admin

Time magazine recently ran this interesting feature, The Rise of the Sheconomy.

It’s about the growing clout of women in the marketplace. Women control more wealth, and more spending decisions, than ever before.

Maybe that extends to giving to nonprofits.

I say “maybe” because I’m not sure what the most recent giving data says. Our last DonorTrends survey (2008) still showed men outgiving women on an annual basis ($939 to $592). Men were also more loyal givers, but only slightly so.

Perhaps a reader can share something more recent.

I once had a large donor file sliced and diced a zillion ways to find significant differences in attitudes and program preferences by gender. We couldn’t come up with anything significant enough to act upon. I was quite disappointed because, in that organization, male and female donors were about equal in number, and I had been convinced in my gut that the language and imagery we used, if shaped a bit by ‘gender intelligence’, might help us improve fundraising response. I’d be curious to know if any of our readers have gone down that track.

The Time article describes some corporate efforts to engage women (successful and unsuccessful), and includes two observations that struck me …

  • “Get the guy right and you’ve made a sale; get the woman right and you have a customer.” [Which leads to re-question: are female donors more loyal?]
  • 62% of the sharing on Facebook is by women. [Which leads to the question: Are women disproportionately fueling your nonprofit’s social network traffic? If so, how might be that be amplified?]

Given what the Time article has to say, maybe it’s time to resurrect my hypothesis, and re-test how we communicate with women versus men.

Your thoughts?

Tom

2 responses to “Rise Of The Sheconomy”

  1. Stephen King says:

    It is difficult to use gender alone as a predictor of performance because it varies widely by organization, unlike age, for example, which is a nearly universal predictor.

    There may be some overall trends: women may be somewhat more premium-driven (you might call this value-driven) and possibly more likely to become monthly sustainers, etc. These differences aren’t likely great enough to afford more than modest changes to your efforts.

    However, if you look at gender along with age I think you’re likely to see some real generational trends. For example, the ratio of women to men in your under-50 age groups is probably much higher than in your older groups and the younger women will probably out-perform their male peers of the same age.

    Because donor files skew so old, these trends are masked if you look at gender by itself. Males may look like they give higher averages because there are more of them at the older end: they do give larger gifts…but only because of their age.

    You’re also likely to find this same phenomena if you look at other variables. For example, your on-line donors, may actually be as good as your direct mail donors if you compare them age for age. On-line skews younger however, so overall they appear to perform less well.

    The rule of thumb here is that you should isolate your most predictive variables first (age, say) before tackling ones that are less dominant (gender, for example) or you’ll end up on the wrong road.

  2. Kay says:

    As a female donor and consumer, I’ve learned the hard way that nobody seems to know that I’m the one making spending and giving decisions in my house. Some examples would be: my alma mater, who insists on putting my husband’s name on donor rolls even though he has expressly declined this recognition; Money magazine, who put my husband’s name on my magazine subscription – and dismissed my requests to correct it; our bank, who put my husband’s name first on our bank accounts and checks until he and I repeatedly requested the opposite listing of our names; several subsequent mortgage companies, who put my husband’s name first on official papers even though we asked them not to (and I’m the one with the better credit rating); and the car dealership who simply could not understand that my husband did not want part ownership in my car because he wanted me to establish credit in my own name, for my own protection in case anything ever happens to him. I have 20 years of individual consumer and giving history, and most of it is being attributed to my husband.

    While this sounds a bit like a rant or sour grapes, that’s not the point of this comment. The point is that I know these organizations all have records “clearly indicating” that my husband is the consumer who chose them. But they are wrong, and they simply can’t be bothered to correct their records. So how can they trust their data, when their systems are systematically skewed to favor the male consumer? If the default setting on a record is “Mr.”, how can that record be trusted to reveal any consumer or donor trends?

    Slicing and dicing data a million ways is all well and good, IF your data is correct to begin with…but how can any of us be certain that our databases are correct, when there is seemingly overwhelming evidence that the data we are mining is gender-biased?