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Charitable Giving. Based on Sharing the Wealth Minnesota Public Radio. Facts and Figures. People who attend religious services gave 2.3% of their income, compared with 1.3% for those who do not. 70.1% of American households contribute to charity each year

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charitable giving

Charitable Giving

Based on Sharing the Wealth

Minnesota Public Radio

facts and figures
Facts and Figures
  • People who attend religious services gave 2.3% of their income, compared with 1.3% for those who do not.
  • 70.1% of American households contribute to charity each year
  • The average American household contributes $1,075 each year.
  • College graduates (who also have the highest incomes) are most likely to contribute to charity - 81% contribute, but only a reported average 2% of their household income, below the national average of 2.1%.
  • Lower-income donors have become increasingly generous. In 1995, Americans with annual incomes below $10,000 donated 4.3% of their household incomes. Conversely, those in the $75,000 to $99,000 bracket gave only 1.8% of their household
  • When asked to make a donation by a foundation or charitable organization, 81% of households donated money.
  • This year (2000), Americans are expected to spend a record $376 billion on dining out, says the National Restaurant Association. If the average American family would spend half their dining-out budget on philanthropy, the nation\'s giving totals would double.
  • Donors with at least one family member who volunteers give twice as much of their income than do those who don\'t volunteer. 47% of donors contributed and had a volunteer. These households gave an average of 2.5% of their household income, compared with 1.2% among the 23% of households that contributed but did not volunteer.

From: Minnesota Public Radio Sharing the Wealth

s t e p 1 t o g i v e o r n ot to g i v e
S T E P 1: T O  G I V E  O R  N OT TO G I V E ?
  • THE REASONS PEOPLE GIVE
    • Altruism
    • Self-Interest
    • Giving Back
    • Memorials
    • Family Tradition

From: Minnesota Public Radio Sharing the Wealth

slide4

Respondents with very high rates of reporting household contributions were those who reported the following experiences in their youth:

From: Minnesota Public Radio Sharing the Wealth

why people don t give
Why People Don’t Give
  • Financial
    • Most of the reasons were financial: 69% said they could not afford to give; 47% said they were making less money this year than last; 46% said they would rather spend their money in other ways; 39% were unsure about having a job next year. (Independent Sector survey)
  • Philosophical

From: Minnesota Public Radio Sharing the Wealth

s t e p 2 h o w m u c h t o g i v e
S T E P   2 :   H O W  M U C H  T O   G I V E ?
  • STANDARDS FOR GIVING: WEALTH VS. INCOME
    • Based on wealth rather than income, in 1999 total giving by individuals in the United States was more than $143 billion. Yet Newtithing estimates the national capacity for additional giving was $244 billion a year.

From: Minnesota Public Radio Sharing the Wealth

slide8
Setting Your Own Standard
    • Newtithing table of Affordable Donations
    • Build a budget

From: Minnesota Public Radio Sharing the Wealth

s t e p 3 h o w s h o u l d y o u g i v e
S T E P  3:  H O W  S H O U L D   Y O U  G I V E ?
  • THE BENEFITS OF PLANNED GIVING
    • Personal Benefits
    • Tax Benefits
  • TYPES OF GIFTS
    • Cash
    • Appreciated stocks
    • Other assets
    • Pro-bono services
    • Leveraged giving (matching, wills, insurance, charitable remainder trusts, etc.)
  • VOLUNTEER

From: Minnesota Public Radio Sharing the Wealth

step 4 where should you give
STEP 4: WHERE  SHOULD YOU GIVE?
  • CLOSE TO YOUR HEART
  • CLOSE TO YOUR HOME
  • TO THE GREATEST NEED
  • HOW TO EVALUATE YOUR CHOICE
    • Financial reports
    • Program results
    • Site visits

From: Minnesota Public Radio Sharing the Wealth

wise giving
WISE GIVING
  • Be an informed giver
  • Keep the right records
  • Be aware of how much is really tax deductible
  • Ask about matching gifts
  • Remember, your gift can be confidential
  • Be a proactive giver
  • Volunteer

From: Minnesota Public Radio Sharing the Wealth

step 5 when should you give
STEP 5: WHEN SHOULD YOU GIVE?
  • ANNUAL GIVING
  • RESPONDING TO A CRISIS
  • LEAVING A LEGACY

From: Minnesota Public Radio Sharing the Wealth

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