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Dec 1, 2006 12:00 PM
HOW THE RICH GIVE
A new study on high-net-worth philanthropy shows that the rich are different. David T. Leibell and Daniel L. Daniels, partners of Cummings & Lockwood, LLC in Stamford, Conn., report:
According to a study released Oct. 26 — the “Bank of America Study of High Net-Worth Philanthropy” researched and written by The Center on Philanthropy at Indiana University — high-net-worth households, as a group, allocate their philanthropic contributions quite differently than the U.S. general population. While the general population donates primarily to religious organizations, most high-net-worth households give to organizations that serve a combination of purposes, such as the United Way, or to private foundations, donor-advised funds or a variety of charitable trusts. High-net-worth households also give a disproportionately larger percentage of their donations to educational, arts and cultural organizations than the general population.
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Topics of Interest
| Estate Tax | Donor Advised Funds |
| GSTs | Family Offices |
| Private Foundations | Life Insurance |
| 2010 Tax Act News | Industry Trends Surveys |
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