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Giving by Wealthy Donors to Stay Flat

August 19, 2008, 1:26 pm

Giving by wealthy donors in the United States is likely to remain strong but flat through the rest of the year, reports the Financial Times.

Giving by high-net-worth individuals dipped slightly in the first quarter but rebounded in the second quarter, according to a study by Crown Philanthropic Services, a New York company that helps donors create donor-advised funds. Officials at Crown expect giving in 2008 to keep pace with 2007.

“The ultra-high net worth is a group that doesn’t worry about market volatility day to day,” says William Hewitt, national marketing director at Crown.

However, giving by average, middle-class Americans is more likely to drop, reports the newspaper.

For more on the giving outlook, see this article from The Chronicle’s archive.

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