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August 19, 2008
Giving by Wealthy Donors to Stay Flat
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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