With women set to inherit 70% of intergenerational wealth globally by 2035, their influence is also set to grow across the cultural economy.
At a recent client lunch, Lucy-Anne Garnett of Citi Private Bank's Art Advisory and Finance team, and Sigrid Kirk, co-founder of Association of Women in the Arts (AWITA) explored the intersection of art and philanthropy.
Key insights –
• Women are increasingly taking on leadership roles in philanthropy, directing resources towards causes they are passionate about such as the arts and culture
• Women donors are pioneering “impact giving” where they support museums, non-profits and art initiatives that promote diversity, equality, and social justice
• Women often engage in collaborative philanthropic efforts, pooling resources with other like-minded individuals or organizations to amplify their impact in the art world
Learn more about our global network for our women clients, which connects people of all genders to explore ideas, educate and share experiences from a female perspective.
https://on.citi/3TEH1Nq
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