Charitable Giving by Income/NW

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Most charities have too many employees with obscene salaries and don’t make good use of their donations.

You choose to give to the ones that spend wisely.

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.

You don’t have to do any research if you have a family foundation! As long as you’re giving to a registered charity you can do zero oversight.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Most charities have too many employees with obscene salaries and don’t make good use of their donations.

You choose to give to the ones that spend wisely.

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.

You don’t have to do any research if you have a family foundation! As long as you’re giving to a registered charity you can do zero oversight.

Nah. We’re good. Thanks. Maybe when our own student loans are gone and our kids college is paid for.

[Anonymous]

We make about $350k, have 2 in college (didn't always make this much, paying for college from cash flow), and give $35k

No matter what we've made, we always give 10%

[Anonymous]

We make around $425 and give away about 10%--so roughly $40K in cash charitable contributions. It's very important to my husband; he grew up with a family who did this.

[Anonymous]

Anonymous wrote:Of the people who are giving, how much of that is going to a church or other religious organization?

The 10% is a tithe. It’s straight out of the Bible.

[Anonymous]

650k/2M/4k

We are a young family (early 30s) ..my infant is my priority at the moment.

[Anonymous]

$180K/$300K/$5K

[Anonymous]

Wow, it’s shocking to me how many high earners and high net worth give nothing and are proud of it. Or come up with excuses like non profits are wasteful. It’s really not that hard to find good organizations doing good work.

Our HHI is 300k, NW 2.5M, and we have donated between $8-12k a year for many years. Included in that is my alma mater, church, DC local orgs to help low income people, legal aid orgs, and some environmental groups. The 300k income is recent - we should probably up our giving.

[Anonymous]

Honestly I don’t give much, maybe $1-2K per year. The Trump tax cuts upped my taxes and there’s no longer a tax benefit to giving to charities. HHI is around $250K in DC and we’re trying to save for retirement and kid’s college.

I’d rather volunteer my time. And I don’t think twice about giving a few bucks to homeless people when they ask. There but for the grace of god I go.

[Anonymous]

We are HHI $250k and don't donate to charity (yet). We have 2 in daycare and it's tight.

[Anonymous]

$300k/3M/$1k

Another one saving mainly for retirement and college. It's expensive!

[Anonymous]

150k/10M/1k

We’re paying off student loans and have twin babies so not giving much unfortunately

[Anonymous]

Anonymous wrote:$300k/3M/$1k

Another one saving mainly for retirement and college. It's expensive!

I posted earlier that I’m also basically not giving anything. However, if my net worth were $3 million, I think that would be the time to loosen the pursestrings.

[Anonymous]

Anonymous wrote:

Anonymous wrote:$300k/3M/$1k

Another one saving mainly for retirement and college. It's expensive!

I posted earlier that I’m also basically not giving anything. However, if my net worth were $3 million, I think that would be the time to loosen the pursestrings.

Maybe if I get to 10M like pp above.

[Anonymous]

Anonymous wrote:Of the people who are giving, how much of that is going to a church or other religious organization?

We give 2% to temple and another 8 percent to other nonprofits.