Study Finds Shifts in Charitable Giving After Recession
Submitted by Steve on October 7, 2014
From Jess Bidgood, writing for The New York Times:
Between 2006 and 2012, the wealthiest Americans became less generous with charitable donations, as a share of their total income, while lower- and middle-income Americans reached farther into their pockets as they witnessed the need for charity in their communities, a study says.
The Chronicle of Philanthropy, in a study released Monday, examined $180 billion in donations to charity in 2012 by taxpayers who itemized their deductions and found that the share of income donated to charity by Americans who earned $200,000 or more decreased by 4.6 percent since 2006. Those earning less than $100,000 gave 4.5 percent more of their income to charity.