Chart of the day: Charitable donations from the rich are way up
Share Now on:
Chart of the day: Charitable donations from the rich are way up
Charitable giving hit a record $373.25 billion in America last year, according to Giving USA. That seems like great news, both for charities and our tax bills, but a new report from the left-leaning Institute for Policy Studies looked closer at the numbers to find an interesting trend. The top one-percent has increased donations dramatically from 2003 to 2013, while small-dollar donations and overall donations from lower- and middle-income earners dropped by a third.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
