Charitable Giving by Income/NW
![[Post New]](/jforum/templates/default/images/icon_minipost_new.gif){kind=icon}
Anonymous
This is us too except our income and NW are much higher. I don’t count household/clothing donations when we are decluttering or donations to our kids public schools. |
Anonymous
|
The truth surfaces.
This site should be called: "DC'sGreedyUrbanMomsand Dads" |
Anonymous
| Years ago we set up a donor advised fund and contributed a lot of company stock. Every year we donate out of it between 5-7% of the principal or $100k or so a year. The principal has grown a bit so it’s a gift that keep on giving. I now have to take out a required distribution from retirement accounts and a lot of that goes to charity. In my salaried days we always contributed about 5% of our income. Our gifting is very focused on small charities where we know we are making a difference. |
Anonymous
| $150K, $1.2M excluding 529s and home equity, give 10%, mid 40s. |
Anonymous
| $350k/$1.5mm/I think I gave $1000 to the children’s museum in June 2020. |
Anonymous
No need to insult people. You're going to cut back on honest answers if you do that. |
Anonymous
| $350K, low NW given high/new mortgage and student loans, <$500 to charity (excluding donations of clothing and such) |
Anonymous
I'm not OP, but I'd rather be a Scrooge than an insufferable AH like you. |
Anonymous
|
We have done 5% of our gross income since we married close to 30 years ago, regardless of our NW.
When we started out our income was around a $100k and net worth was below $300k and we donated $5. We both worked back then. Our income is now over $200k and net worth is around $5m(almost all 401k/IRA and house) and we donate $10k. I am retired and DH is still working. |
Anonymous
Why don’t you take some savings to pay off your student loans? Or is it all in a house |
Anonymous
| Most charities have too many employees with obscene salaries and don’t make good use of their donations. |
Anonymous
You choose to give to the ones that spend wisely. |
Anonymous
| Of the people who are giving, how much of that is going to a church or other religious organization? |
Anonymous
Don’t have time or energy to research. It’s not a requirement. We aren’t running some family foundation. It’s our money that we worked hard for. |
Anonymous
|
Income from work is $40k. I give to friends and family, but not much to strangers or charities.
Trying to not become a charity case myself. |