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Wealthy Donating Smaller Share of Income to Charity, Study Finds

Post date: 
October 7th, 2014
Article Type: 
External News Article
Article Source: 
Philanthropy News Digest

In the wake of the Great Recession, the wealthiest Americans are giving less of their income to charity, while poor and middle-income households are giving more, a study by the Chronicle of Philanthropy finds.Based on an analysis of IRS data on the 30 percent of taxpayers who itemize their deductions — a group that accounts for 80 percent of all individual donations — the study found that households earning at least $200,000 a year donated 4.5 percent less to charity as a share of adjusted gross income in 2012 than they did in 2006, even as total donations by the group increased $4.6 billion, to $77.5 billion.

Link to article: 
http://philanthropynewsdigest.org/news/wealthy-donating-smaller-share-of-income-to-charity-study-finds

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