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Reply to "Tithing, Charity More than 10% of your AGI or combined incomes?"
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[quote=Anonymous]We give around 6 or 7 percent of AGI to charitable organizations each year, about half of which is to our synagogue between dues and other donations (in honor of the anniversaries of relatives' deaths, or for other random reasons). We give very little to either of our college alma maters, both of which have large endowments and are, in general, pretty undeserving recipients of anyone's charity; when we do give to them, it's almost always to restricted funds earmarked for undergraduate scholarships. That's a slightly larger percentage of our AGI than we save for our kids' 529s each year, but we were fortunate to inherit large 529s for our kids that my grandparents had set up, so we don't need to put that much into them ourselves. It's about half of what we save for retirement each year. [/quote]
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