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Dollars & Sense is a monthly series started over a year ago. Please email your questions...and be certain to look regularly for Dollars & Sense. Recent Questions How to Ask Faculty & Staff for Gifts? How Restrictive Is The HIPPA Privacy Regulation? What Happens When A Campaign Is Completed? Why Do So Many Fundraisers Become Consultants? What are the Pro and Cons of Creating a Bonus System? How Much Should You Spend for Campaign Costs? What are the regulations for gifts from IRA's? What is the appropriate amount you should count on in collecting pledges from a capital campaign? |
Dollars & Sense
Has Charitable Giving Increased? The Bank of America examined the giving of the wealthiest individuals in the United States. The analysis of the study was made by the Center on Philanthropy. The target universe was household incomes of at least $200,000 with a net worth of at least $1 million. One of the most significant findings of the study. Answer: People who amassed their fortunes through starting their own businesses were more generous than other wealthy groups. And then, of no surprise at all— generates a higher level of financial contribution. The amount donated increases as the volunteer hours increase. Nine out of ten responded say they give to meet critical needs. Almost as many cite a desire to give back to charity. Here are some interesting graphics from the study.
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