More Than Money
Issue #9
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Money and Children

Table of Contents

“Saving it for their children?”

  • Households earning more than $100,000/year give an average of 2.5% a year to charity. (In contrast, households earning only $10,000/year or less give slightly more--an average of 3.6%)
  • More than 2,500 American households each have a net worth exceeding $100 million. Top wealth-holders give away only a small percentage of wealth during their lifetimes. Estimates are that lifetime contributions total less than half of one percent of net worth.
  • Only 20% of wealthy individuals make charitable bequests.

From Lessons from Wingspread: A Report of Recommended Strategies for Promoting Philanthropy, available from the Philanthropic Initiative, Inc., 77 Franklin St., Boston MA 02110.

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