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Donations to Lesbian, Gay, Bisexual, and Transgender Causes Increase
More philanthropists are making substantial bequests to help support lesbian, gay, bisexual, and transgender causes, reports the San Francisco Chronicle.
Over the last 30 years, gay nonprofit groups like the Astraea Lesbian Foundation for Justice, the Horizon Foundation, and the Pride Foundation have funneled millions of dollars into numerous HIV/AIDS treatment services, and civil-rights, social-advocacy and political campaigns. Such organizations have traditionally relied on large numbers of small donations, but that trend is changing.
According to Funders for Lesbian and Gay Issues, a New York group that advises grant makers, charitable donations made by donors in New York to gay organizations nationwide increased from less than $30-million in 2002 to $65.5-million in 2006.
And according to a survey of 1,300 donors conducted by the Horizon Foundation, about 52 percent said they are very likely to make estate gifts to gay causes, and 87 percent said they think it is important and very important to help future generations. The foundation estimates it will receive at least $35-million in future estate gifts to its lesbian, gay, bisexual, and transgender endowment fund.
“The success of this vision does not depend on any assumption that LGBT people are richer than the non-LGBT population,” said Roger Doughty, executive director of the Horizon Foundation. ”All our projections are based on assumptions that we are average, except that fewer of us have children and the lives of many reaching their planned giving years have been deeply touched by the growth, struggles, and triumphs of the LGBT movement.”