The Importance of Giving Back
It’s widely recognized that entrepreneurs contribute enormous amounts of their time and energy towards building viable businesses. One lesser known fact, however, is that entrepreneurs are largely philanthropic, donating 50% more to charity than their non-business owner counterparts. What drives this philanthropic activity and what impact do entrepreneurs have on this sector of society? Philanthropic drivers There are three main reasons why entrepreneurs lead the pack in philanthropic contributions. According to a 2018 Fidelity Charitable Study… Philanthropy is a part of their DNA: In fact, 79% of entrepreneurs say that philanthropy is a critical component of their identity. Entrepreneurs are compelled to take action: When they encounter causes they believe in, entrepreneurs are motivated to roll up their sleeves and get their hands dirty. Entrepreneurs