First Day Podcast

In this episode of the First Day Podcast, host Bill Stanczykiewicz, Ed.D. is joined by Una Osili, Ph.D and Sitashma Thapa to dive into a groundbreaking research study focusing on charitable giving trends by race and ethnicity. They discuss the research findings, revealing that economic downturns have affected donors of all backgrounds, leading to declining rates of giving. Particularly, the Great Recession had a lasting impact on donors of color, taking them longer to recover. This highlights the importance of understanding how economic shocks affect philanthropy and the need for discussions around wealth-building, financial literacy, and economic resilience. The study examines charitable giving among five racial and ethnic groups: Caucasian, Black, Hispanic, Asian, and Native Indian. It unveils a significant decline in household giving among all these demographics, both before and after the Great Recession. The podcast emphasizes that philanthropy is not a one-size-fits-all approach and highlights the often