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Charitable Giving of Alumni
Author(s) -
Okunade Albert Ade.,
Wunnava Phanindra V.,
Walsh Raymond
Publication year - 1994
Publication title -
american journal of economics and sociology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.199
H-Index - 38
eISSN - 1536-7150
pISSN - 0002-9246
DOI - 10.1111/j.1536-7150.1994.tb02674.x
Subject(s) - donation , cash , demographic economics , public university , public institution , business cycle , economics , graduate students , demography , political science , sociology , economic growth , finance , public administration , law , pedagogy , keynesian economics
A bstract . This research examines the “age‐donation” profile of gift‐giving alumniai a large public university , based on a pooled micro‐data random sample of 4,242 alumni (1926/27‐1989/90 graduates) who gave cash gifts during the 1975/76‐1989/90 fiscal years. The covariance regression model results indicate lack of statistically significant difference between gift‐giving women and men. However, the School of Business graduates , alumni who proceeded to obtain graduate degrees from this university, and alumni members of non‐Greek social organizations gave significantly more. Moreover, alumni contributions varied systematically over the business cycle and a 1962 Federal Court Order to desegregate the university racially reduced donations but not significantly. Given the 63‐year cycle studied, the growth rates of alumni donations of money are projected to decline after roughly age 52, which falls short of the typical retirement age.