Donation levels by HHI

[Anonymous]

Anonymous wrote:

Anonymous wrote:700k

7k

My charity is the 6k/mo in daycare bills

You should be paying 20k a month if you wanted to pay a living wage to those workers

yes, that is the solution! Let's prohibit anyone from ever having kids.

[Anonymous]

Aim for a pct, we do about 15%, 10 to church and 5 to others

[Anonymous]

Pp here, about 300k

[Anonymous]

Many of you are telling yourself stories not to realize how selfish you are.

[Anonymous]

I don’t consider my taxes to be a charitable donation (I wouldn’t choose to donate to, say, defense contractors, for instance), and I have a hard time agreeing with that perspective. We gave about $13,000 to charity last year on income of about $330k, so it’s less than I feel like we should be able to give.

The good news for those of you who grumble about taxes is that the more you give to charity, the more you can reduce your taxable income!

[Anonymous]

Anonymous wrote:I don’t consider my taxes to be a charitable donation (I wouldn’t choose to donate to, say, defense contractors, for instance), and I have a hard time agreeing with that perspective. We gave about $13,000 to charity last year on income of about $330k, so it’s less than I feel like we should be able to give.

The good news for those of you who grumble about taxes is that the more you give to charity, the more you can reduce your taxable income!

Have seen some people talking about time, too. I also spent a lot of time volunteering for my kids’ activities, most of which are run by nonprofit groups, but I also wouldn’t consider that to take the place of giving actual money — for one thing, my kids are beneficiaries of it, so it’s not exactly selfless, and for another, my leisure time is sort of not such a valuable commodity that I feel like I should account for it as if it were cash.

[Anonymous]

I don't totally disagree with you . . . but my time IS worth something. And I feel like I'm making a bigger difference in the world by being a girl scout leader than by donating 10k to the ACLU.

I do think tithing to a church is bananas.

[Anonymous]

HHI $250k
Donations: $12,500 give or take
We aim for 5%

[Anonymous]

Anonymous wrote:I don't totally disagree with you . . . but my time IS worth something. And I feel like I'm making a bigger difference in the world by being a girl scout leader than by donating 10k to the ACLU.

I do think tithing to a church is bananas.

Agree. I’ve always been grateful to be baptized in a church that isn’t fundamentalist.

I give to the church but I do not tithe.

[Anonymous]

HHI is $400k. We don't really donate. We'll throw $25 here and there to friends running charity races or PTO events. That's about it. No guilt at all.

[Anonymous]

US charities spend a ton of money on overhead. Look up their Form 990 filings to see where the money goes and how much goes towards salaries. Some of the admins make more than our HHI, which I'm personally not OK with.

We (HHI about $300K; NW about $7M) don't give much to formal charities in the US but do give money for personal causes (e.g. college education for individuals) and to organizations with minimal overhead in another country. Giving is random (and from accounts in other country) so hard to nail down as a % of hhi.
We know the founders of these orgs. and have been personally involved in some of their rural development and education projects and know there's no misuse of funds. We don't get any tax deductions for these and don't care.

Rather than give a lot now, our plan is to set aside 20% of our end-of-life net worth for these causes. Money will be held in a fund and kids will direct money towards charitable causes along the lines of what we are doing or something they may be passionate about.

[Anonymous]

AGI of 400k, gave 17k last year. Usually aim for 5 percent, so 20k, but finances were tighter last year. We also contribute a couple thousand to 529s for nieces/nephews

[Anonymous]

$1M/<$5k. My parents were never big givers and my spouse isn't interested in donating either. I'll generally give only when the request is coming from someone I know socially or through business (i.e. sponsor a local team, contribute toward someone's dance trip, donate to someone's walk against breast cancer). I do admire people who are committed to giving a certain percentage of their income. I just have too much I want to do for my own family to give much of my money away to charity.

[Anonymous]

HHI currently (recently) $375k

Doesn't matter what our income level has been, we strive for 10%. Some to out religious organization, some to feed the hungry (think SOME or MANNA Food Center), and most of the rest little bits here and there to causes of people we know socially and/or illnesses that affect our family (American Lung Association, ALS, LLS, etc)

[Anonymous]

Anonymous wrote:Not a brag thread, just wondering. We just saw our income increase and I’m wondering what would be a normal annual giving amount for our income.

This would include all giving. Schools, churches, other nonprofits you support annually.

Assume lots of financial goals and no anticipation of inheritance. If you have a family foundation, good for you, feel free to share, but I’m thinking more of people who donate out of income.

There’s no set amount regardless of your HHI. It’s whatever you feel like giving. Of course, lots of wealthy people also give for tax purposes as well. Better to give $ to a charity than Uncle Sam.