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Investments and Lifestyles of the Rich - Millionaire Corner

Monday
Jan 05th
Home arrow Affluent Investing arrow Philanthropy arrow Desire to be Personally Involved in Important Charities

Desire to be Personally Involved in Important Charities

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Spectrem Group research* has shown that four in ten UHNW investors want to be personally involved with the most important charities that they donate to.

This desire varied as both a function of net worth and age. Indeed, with each successively larger level of household net worth, there was a corresponding increase in the proportion agreeing that this was important to them. While slightly more than one-third of those with a net worth between five and ten million agreed with this, more than one-half of those with a net worth of $25MM or more agreed that this attitude described them. UHNW investors age 65 and older were the least likely to agree with this statement, while those under the age of 45 were the most likely.

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Poll - Green Investing

What cause will you donate to mostly this year?
 

Groups That Rate Charities

 

American Institute of Philanthropy publishes a “top-rated” link to many charities that have supplied documentation that at least 75% of their donations are used for charitable endeavors.

 

Charity Guide rates charities in terms of how many dollars it costs to raise $100.  That is, what percentage of each dollar that makes it way to charity.

 

Charity Navigator rates 3,000 charities on a number of factors.

 

Give.org includes input from the Better Business Bureau Alliance.

 

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