Enhancing Cultural Competence in Financial Counseling and Planning: Understanding Why Families Make Religious Contributions

13 Pages Posted: 24 Feb 2013

See all articles by Loren Marks

Loren Marks

Louisiana State University

David C. Dollahite

Brigham Young University

Jeffrey Dew

Utah State University - College of Education and Human Services - Family Studies

Date Written: 2009

Abstract

Some highly religious individuals contribute a relatively high percent of their income (e.g., 10-15% or more) to their faith communities. This study used a racially and religiously diverse sample and employed qualitative methods to investigate why these individuals give. Five themes emerged from the grounded-theory analysis. Four themes concerned why families gave: a) out of a sense of obedience/duty, b) to express thanksgiving and feel joy, c) because they feel that it is a wise investment, and d) to promote social justice and charity. The final theme that emerged was that they give despite their financial challenges. Based on these findings, this study offers suggestions for how financial counselors and planners might provide culturally competent services to highly religious individuals.

Keywords: cultural competence, financial behavior, philanthropy, qualitative methods, religion

Suggested Citation

Marks, Loren and Dollahite, David C. and Dew, Jeffrey, Enhancing Cultural Competence in Financial Counseling and Planning: Understanding Why Families Make Religious Contributions (2009). Journal of Financial Counseling and Planning, Vol. 20, No. 2, 2009, Available at SSRN: https://ssrn.com/abstract=2222955

Loren Marks (Contact Author)

Louisiana State University ( email )

Baton Rouge, LA 70803
United States
225-578-2405 (Phone)

David C. Dollahite

Brigham Young University ( email )

Provo, UT 84602
United States

Jeffrey Dew

Utah State University - College of Education and Human Services - Family Studies ( email )

Logan, UT
United States

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