Middle income Americans who earn $50,000 to $100,000 a year are two to six times more generous in their share of investment assets that they give to charity than those Americans who make more that $10 million a year.The least generous of all working age Americans in 2003 were among the young and prosperous taxpayers age 35 and under who made more than $10 million and the tax payers making $500,0000 to $1 million.
On average these two groups made charitable gifts equal to 0.4 percent of their assets, while people the same age who made $50,000 to $100,000 gave gifts equal to more than 2.5 percent of the investment assets.
The IRS data was analyzed by NewTithing Group, a San Francisco – based philanthropic research organization.
Should we spend more time with the middle class for major gifts than we do now? Maybe so.