Charitable Giving by Income/NW

[Anonymous]

Anonymous wrote:

Anonymous wrote:150k/10M/1k

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

$10 million net worth with a $150,000 income? And you can only afford annual charitable giving that amounts to 0.01% of your net worth? Yeah, I’m calling BS all around.

Ever heard of family money and good investments? I’m not saying I can’t afford more but given our income, and the fact that 10M isn’t that much nowadays, I’m personally not comfortable with giving more.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:150k/10M/1k

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

$10 million net worth with a $150,000 income? And you can only afford annual charitable giving that amounts to 0.01% of your net worth? Yeah, I’m calling BS all around.

Ever heard of family money and good investments? I’m not saying I can’t afford more but given our income, and the fact that 10M isn’t that much nowadays, I’m personally not comfortable with giving more.

Seriously, just stop. What a brat.

[Anonymous]

Anonymous wrote: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.

Same here. We do help out both sets of of parents quite a lot financially but that’s it.

[Anonymous]

My husband is obsessed with retirement savings and won’t let me remodel our 90’s kitchen and bathrooms. Unless and until that changes, no charitable giving.

[Anonymous]

Anonymous wrote:

Anonymous wrote: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.

$1M/$4M/$20k

I'm neither proud nor ashamed of my charitable giving. I know I'm a good person, a loving parent, a loyal spouse, a caring child to my aging parents, a good friend. I also work my a## off in my career to achieve my income. I don't feel obligated to donate nor did I grow up where charitable giving was particularly valued (though my parents made far less than I do). Generally, my only charitable giving is due to professional obligation.

Similar story and numbers. I'm always surprised by what a large percentage of income people say they donate on these threads. I was raised to take care of myself and my family and be a functioning, contributing member of society. But to give away ten percent of my gross income? No way. Especially to an alma mater. I can't think of two organizations on earth that less need my cash then than the fancy private schools from which my spouse and I graduated.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:150k/10M/1k

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

$10 million net worth with a $150,000 income? And you can only afford annual charitable giving that amounts to 0.01% of your net worth? Yeah, I’m calling BS all around.

Ever heard of family money and good investments? I’m not saying I can’t afford more but given our income, and the fact that 10M isn’t that much nowadays, I’m personally not comfortable with giving more.

Seriously, just stop. What a brat.

Maybe you should stop reading this thread if you’re that triggered.

[Anonymous]

$330k/$3 million/about $12,000 a year, which is a pretty paltry share of our gross income, to be honest, and which I try to increase every year.

[Anonymous]

120kHHI/2.4m net worth/1k charitable donations, none religious

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:150k/10M/1k

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

$10 million net worth with a $150,000 income? And you can only afford annual charitable giving that amounts to 0.01% of your net worth? Yeah, I’m calling BS all around.

Ever heard of family money and good investments? I’m not saying I can’t afford more but given our income, and the fact that 10M isn’t that much nowadays, I’m personally not comfortable with giving more.

Seriously, just stop. What a brat.

Maybe you should stop reading this thread if you’re that triggered.

Only fools would believe

Np

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:150k/10M/1k

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

$10 million net worth with a $150,000 income? And you can only afford annual charitable giving that amounts to 0.01% of your net worth? Yeah, I’m calling BS all around.

Ever heard of family money and good investments? I’m not saying I can’t afford more but given our income, and the fact that 10M isn’t that much nowadays, I’m personally not comfortable with giving more.

Seriously, just stop. What a brat.

Maybe you should stop reading this thread if you’re that triggered.

Only fools would believe

Np

Oh you’re jealous, how sad. There’s always going to be people doing much better than you, believe it or not.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:150k/10M/1k

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

$10 million net worth with a $150,000 income? And you can only afford annual charitable giving that amounts to 0.01% of your net worth? Yeah, I’m calling BS all around.

Ever heard of family money and good investments? I’m not saying I can’t afford more but given our income, and the fact that 10M isn’t that much nowadays, I’m personally not comfortable with giving more.

Seriously, just stop. What a brat.

Maybe you should stop reading this thread if you’re that triggered.

Only fools would believe

Np

Oh you’re jealous, how sad. There’s always going to be people doing much better than you, believe it or not.

lol not jealous. Anyone can lie here including you

[Anonymous]

Anonymous wrote:

Anonymous wrote:We're making some year-end gifting decisions and wondered how much DCUM readers typically give.

Please share your income/net worth/annual giving amount. I'll start:

$300K/$1.5MM/$2K

$300K/$2MM/$15K We should do more like 10 percent but have been stuck at 5 percent for a while

To PP: Taxes aren't charity, taxes are the price of living in a civil society. Just don't tell yourself you are being "charitable" by paying a share of the cost of living in the United States. Charity is defined as voluntarily giving to those in need and you are definitely choosing to pay taxes--you can go live in a third world country if you don't want to pay them.

DP. Why go somewhere when all the potholes and trash are at my fingertips? Favelas also.

[Anonymous]

We are retired and with our donor advised fund and required distribution from IRAs I’m sure we are close to $200k a year. We are blessed given that I remember when we made $200k a year we were in heaven.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:150k/10M/1k

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

$10 million net worth with a $150,000 income? And you can only afford annual charitable giving that amounts to 0.01% of your net worth? Yeah, I’m calling BS all around.

Ever heard of family money and good investments? I’m not saying I can’t afford more but given our income, and the fact that 10M isn’t that much nowadays, I’m personally not comfortable with giving more.

Seriously, just stop. What a brat.

Maybe you should stop reading this thread if you’re that triggered.

Only fools would believe

Np

Oh you’re jealous, how sad. There’s always going to be people doing much better than you, believe it or not.

If you’re the “10M is not that much” poster, then I am doing better than you and I think you sound like a clueless brat.

[Anonymous]

I pay more than most of you make in taxes. That is my real charity. If you don’t like what the government does with the forced charitable contributions, then vote differently.

I do give to my kids expensive private schools, but only out of peer pressure and I get kind of peeved about it. So this year I donated to our local public school too, even though I don’t have any kids there.