Traffic map
Article posted: 5/19/2013 4:14 AM
  • Article
text size: AAA

A recent study reported by Robert Frank stated that the American wealthy are hands down the most philanthropic in the world. They dominate global giving and are more likely to make philanthropy a priority.

The study further goes on to say that multimillionaires donate only about 1 of their wealth to charity, although billionaires tend to give more. Interestingly enough, the wealthy worth $10 million or more state three main reasons for not giving more. First, they needed more confidence that the level of their wealth would continue to support their lifestyle and their family. Second, they said they would give more if the markets improved. Finally, a third of those polled said they needed to find something more to be passionate about. I assume heart, cancer and leukemia research and the like are areas that do not engender passion.

Advertisement

Joseph F. Mirabella

Wheaton

Comments ()
We are now using Facebook comments to offer a more inclusive, social and constructive discussion. Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.

This article filed under

Latest Video

MostViewed

Today
Yesterday
Most Commented
Top Jobs

    View all Top Jobs Place a job ad

    MarketsReport

    DHExtras

       
    • Newspaper next section - Newspaper next section Report card checker - report card checker
    • Dh innovation award 2 - Dh innovation award 2 Zillow /real estate page
    • Discuss refer On Guard series
    • Newspaper archives -- Monday or anyday Mike North

    FacebookActivity

    BusinessDirectory

    Connect with a business or service in your area fast. First select a town, then enter a search term or choose one of the listed popular searches:

    Don't see your town listed? Visit our full directory to begin your search.