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Investments and Lifestyles of the Rich - Millionaire Corner

Monday
Jan 05th
Home arrow Affluent Investing arrow Philanthropy arrow Obligation to Share Wealth as a Reason for Charitable Giving

Obligation to Share Wealth as a Reason for Charitable Giving

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Spectrem Group research* has shown that more than one-third of Ultra-High Net Worth investors feel obligated to share a portion of their wealth through charitable giving.

This obligation is felt most strongly among those households with a net worth of $25 MM or more. Nearly one-half of this group strongly agreed that they felt obligated to share their wealth in this way compared to one-third of those with a household net worth of $5-$10 MM.

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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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