Complementary or Substitutes? The Relationship Between Monetary Donation and Volunteerism: A Case Study of Quaid-I-Azam University Islamabad

Charitable organisations are always in a search of potential donors to donate money and volunteer time as well. For this purpose, they search for such potential donors who are willing to give time and money to help financially poor students. The previous literature has split into two aspects, whether monetary donation is a complement of volunteering time, or it is a substitute. The current study aims to clarify the relationship between the occurrence of monetary donation and time and to investigate whether certain demographic and some intrinsic factors variates with this relationship. Primary data has been collected from students of Quaid-i-Azam University Islamabad. For determining the relationship, a correlation test is applied which resulted in that occurrence of willingness to donate and volunteer is complementary (r=0.39). In addition, a multinomial logit is applied to ensure that a combination of gender, urban/rural, monthly income of the family, satisfaction level and religiosity trigger the complementarity between the occurrence of donation and volunteerism. If we tap such type of donors who are willing to give money and volunteer time, we can help many students who are suffering from financial hardship and are intended to leave their academic career incomplete.