In a study last year, Fidelity Charitable found that eight in 10 entrepreneurs considered charitable giving a critical part of their identity, and nearly half called themselves philanthropists. Charitably inclined entrepreneurs in the study gave significantly more money to charity than non-entrepreneurs.
A supplement to that study, released Tuesday, focused a gender lens on how entrepreneurs with businesses of $1 million or more in revenue approach philanthropy.
It found that in contrast to male and female non-business owners who often differ in their attitudes and behaviors around charitable giving, entrepreneurs of both genders give similar amounts to charity and spend similar time volunteering.
This indicates, Fidelity Charitable said, that the attitudes and motivations that align with becoming a successful entrepreneur are more influential than gender in the way a person approaches philanthropy.
Even so, the study found nuances in male and female entrepreneurs’ motivation behind giving.