Economics of Giving

Junior Taylor Knight has chosen to make volunteerism a large part of her life

For the eighth year in a row, the University of Mary Washington’s Economics of Philanthropy and the Nonprofit Sector class is the recipient of a $10,000 grant from Doris Buffett’s Learning by Giving Foundation. But this year, juniors Chelsea LeHew and Taylor Knight are taking it one step further. LeHew and Knight, among 26 students in the class, are brainstorming ways to raise even more money, collect more donations and involve community members. UMW is one of 17 colleges and universities to receive a Doris Buffett grant this semester. Buffett’s program promotes the study of philanthropy by donating funds to students to distribute to local nonprofit organizations. In September, LeHew and Knight, both economics majors, held a bake sale in front of Read All Over Bookstore in historic downtown Fredericksburg. They sold baked goods, some of which were donated by a local home-based bakery, Fat Girl Cakes. “We’re really lucky to have that support from the community, too. Our … [Read more...]

Ask Me Why I’m Living on $2 a Day

UMW Two a day

  More than 30 UMW students, along with Associate Professor of Economics Shawn Humphrey, participated in the annual $2 a Day Challenge, an experiential learning exercise aimed at raising awareness and funds for poverty-related causes. For a week at the beginning of April, they lived in a self-made structure on Ball Circle and spent only $2 each day on food and other expenses. In the process, they hoped to raise more than $2,000 for La Ceiba, a microfinance institution, while shedding light on poverty issues. The $2 a Day Challenge, founded by Humphrey, is in its sixth year at UMW. The program is part of the larger TDC organization, which also includes the Month of Microfinance movement and the Poverty Action Conference. This year, several other universities, including Wake Forest and Elon, are holding $2 a Day Challenges. … [Read more...]