Washington Area Women's Foundation

Feeling financially strapped? Try giving your money away.

No, really.  That’s what Kimberly Palmer advises in her column at U.S. News.

"While it may sound like a crazy time to talk about giving money away, with the economic pinch many of us are feeling, it actually might be the perfect time," she writes.  "As Brent Kessel, author of It’s Not About the Money, recently told me in an interview, acts of generosity can help us feel content with what we have. ‘The irony is…you can’t be giving money away and feel like you don’t have enough,’ he says. ‘The act itself changes the message you tell yourself.’

Kimberly cites some smart ways to make your philanthropic dollar go further, including giving circles and the Women Moving Millions campaign.

Not surprisingly, Kimberly’s column starts with an observation from a friend of hers, Lisa Philp, head of philanthropic services at JPMorgan Private Bank, that there was a gender shift happening in her clientele.  Instead of working primarily with men like she used to, her clientele is now two-thirds women.

There are now more women in business.  More women heading family foundations.  More women getting involved in women’s philanthropy at all levels–from giving to their local women’s foundation, to volunteering for organizations serving women and girls, to pooling their resources through giving circles.

"The women’s funding movement has grown by leaps and bounds," Philp says in Kimberly’s column.

Due in no doubt to the satisfaction that is gained from giving with greater impact by giving together–models and structures created largely through the advent of women’s philanthropy.

A rich tradition that doesn’t require a rich bank account to make a big difference.