Affluent Individuals Giving Modestly

Many wealthy individuals give modestly to charity. One Phoenix study surveyed 2,100 individuals last month. The study shows that nearly 40% of households with income greater than $150,000 only give $1,000 to $5,000 per year. 1/3 of the households give at least $5,000. Only 17% give over $10,000 annually. 30% of the people surveyed give to actually help those in need, while less than 5% only give to receive a tax deduction.

See Noelle Barton, Wealthy Individuals Give Modestly, The Chronicle of Philanthropy, Apr. 2, 2012.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.