Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
July 29, 2014

One Percent Wins But Charity Loses

The nation’s most generous donors made $7.7 billion in philanthropic contributions, 4% more than 2012, according to the Chronicle of Philanthropy’s latest annual report. But this increase is miniscule in comparison with the rise in their personal wealth.

Bloomberg: “This kind of giving has not nearly kept pace with the rise in American billionaires’ wealth over the past decade. The Forbes 400 list, which tracks the richest people in the U.S., had a total net worth of $955 billion in 2003. By 2013, it had more than doubled, to $2 trillion.”

nobuffett One Percent Wins But Charity Loses

“The country’s non-billionaires are giving their share … Total annual giving by all Americans stands at about $230 billion.”

  • embo66

    The chart as presented doesn’t really tell me squat.
    A much better chart would have been one that compared over time average total donations of the Philanthropy Top 50 with their average total wealth.

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