Friday, October 27, 2006
The Center on Philanthropy at Indiana University has released Study of High Net-Worth Philanthropy, funded by Bank of America. The Wall Street Journal reports on the study in Survey Finds Giving by Wealthy Largely Immune to Tax Changes:
Many wealthy people would still give a lot to charity even if Congress wiped out popular breaks for donating, a study suggests. While these high-net-worth Americans already contribute two-thirds of household charitable giving, donating $126 billion last year alone, they would give more if nonprofits could rein in administrative costs and better demonstrate the impact of donations.