Tuesday, November 09, 2010

Charitable giving by wealthy households falls 35% in 2009 - Nov. 9, 2010

Charitable giving by wealthy households falls 35% in 2009 - Nov. 9, 2010: "NEW YORK (CNNMoney.com) -- As the recession whacked the economy, charitable giving by even the wealthiest Americans took a substantial hit, according to a study released Tuesday.

Although 98.2% of high net worth households donated to charity in 2009, they gave substantially less than in the years before, according to a survey for Bank of America Merrill Lynch by the Center on Philanthropy at Indiana University."

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