Charitable giving

The Millstone Evans Group, understanding the needs and charitable giving concerns of high-net-worth clients, offers philanthropic advisory services designed to maximize the value and impact of individual contributions. Contact us today for expert assistance in choosing an appropriate charitable alternative.

Here are some interesting facts on charitable giving:

• In 2001, more than half of wealthy people (54%) said tax benefits induce them to give, but these considerations did not outweigh the importance of feeling strongly about a cause (74%).
• 50% of the wealthy feel an obligation to give back to their communities
• People of greater wealth (including home value, stock portfolio, retirement funds and other assets) contribute a comparitively high percentage of their income (5% on average) annually. People of high income but low wealth, however, give comparatively small percentages of income (3% on average).
• The two groups in the U.S. that give the highest percentages of their income are the poor (those making less than $20,000 a year) and the rich (those making more than $100,000 per year). Middle class Americans (those making between $40,000 and $100,000 per year) are the smallest percentage givers.

(Source: AAFRC Trust for Philanthropy, Giving USA 2002: The Annual Report on Philanthropy for the Year 2001.)

For more information go to the Raymond James Charitable Endowment Web site.