Charitable Contributions and Political Contributions

More than half of very wealthy households contributed to political campaigns in this past year according to research recently completed by Spectrem Group with households that have over $25 million of net worth.

Fifty percent of wealthy households donated between $1-9,999 while 13% donated between $10,000 and $24,999.  An additional 4% donated between $25,000 and $49,999 and only 3% contributed over $50,000.

The chart shows how political contributions compare to other expenditures.  Note the large amount of individuals donating more than $100,000 in charitable contributions.  There are many that would consider those donations more worthwhile than political contributions.

As of year end 2009 there were approximately 980,000 households with a net worth exceeding $25 million.