The Diversity Imperative: The Effects of Local Economic Structure and Social Capital on Local Philanthropy

This article examines the intricate relationships between local economies, social capital, and local philanthropy, specifically exploring how diverse local economic structures moderate the effect of social capital on philanthropic activities. Using quantitative analysis across 3,036 US counties, the findings suggest that economic diversity significantly influences a community's capacity to mobilize collective resources for both elite and social welfare-oriented philanthropy. The research highlights critical policy implications for local policymakers and community leaders regarding diversifying economic resources to enhance local philanthropic engagement and address community demands.