98.4% of high-net-worth households donated to charity last year, up from 95.4% three years ago in 2011. Wealthy families are beginning to feel more financially secure thanks to improving markets, according to a recent survey by Bank of America’s U.S. Trust private-banking division.
The most popular destination was education, where 85% of families gave money to either elementary and secondary educational charities or to universities.
The current percentage of people giving to charity was at its highest since they began its biennial survey in 2006. The survey was taken in the from Indiana University’s Lilly Family School of Philanthropy, which sampled over 600 households with at least $1 million of investable assets or annual income of $200,000. Check out free pokies queen of the nile.
The average amount they gave to charity rose by 28%, to $68,580 last year. Households that have more than $5 million of wealth gave an average of $166,000, up by 41%. In the last survey,
Ranking after education, 81% of families gave to charities that help meet basic needs, 70% to the arts, 67% to health and 67% to religious organizations.
