May 17, 2007
Wealthy Americans Increased Their Giving by 20% Last Year
The wealthiest Americans increased the amount they gave to charity by 20 percent last year, according to a new study of households with assets of at least $1-million.
In addition, among households with assets of at least $10-million, donations jumped by an average of 50 percent, says the survey by Northern Trust, a banking company in Chicago. Responses were gathered online from 1,002 people in November and December 2006.
However, the outlook for charitable donations this year
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