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Americans Account for One-third of All Global Charitable Giving

Americans Account for One-third of All Global Charitable Giving

We are a generous, compassionate nation

We’ve become accustomed to hearing from the increasingly shrill fringe left about the greedy evils of the top 1%.  However, it’s important not to lose sight of the fact that Americans are a generous and charitable people . . . including the most wealthy among us.

The Washington Examiner reports that of the world’s charitable donations an entire third comes from America’s top 1%.

Americans are a charitable group, in fact the most generous in the world, according to the new Almanac of American Philanthropy.

In a first of its kind survey, the Almanac found that Americans out-donate Britain and Canada two-to-one and nations like Italy and Germany 20-to-one. What’s more, more than half of every single income class except those earning less than $25,000 donate to charity.

The much maligned top 1 percent in the U.S. economy fork over one third of all donations made. Even in death.

“The wealthiest 1.4 percent of Americans are responsible for 86 percent of the charitable donations made at death,” said the survey conducted by Public Opinion research.

The breakdown among political affiliations is interesting, as well.

The Washington Examiner continues:

What’s more, Republicans appear to give bigger gifts, but Democrats pour in the smaller donations in a big number. Said the survey analysis, “If, however, you zero in on giving that is heavier or lighter than the middle range you find that the parties differ a lot.

Democrats and Independents both had many zero-to-very-light givers (less than $100 for the year), and modest numbers of heavier givers. Republicans, in comparison, had comparatively few skinflints, and numerous serious donors — 31 percent sharing at least $1,000 with charity, versus 17 percent among Democrats, and 20 percent among Independents.”

And in a bit of bad news for someone like Bernie Sanders who sees government as the answer to all problems and challenges, the American people choose charities over government in large numbers.

Americans also have high hopes for charities, choosing them over government agencies to solve the nation’s social problems, by a margin of 47 percent to 32 percent. And as a result, they want to protect tax deductions for charity, 66 percent to 21 percent.

Americans believe in charity and helping the less fortunate, despite what people like Obama imply when insisting that government entitlements are the equivalent of charity.

Bernie’s proposed tax rates of up to 90% on the top earners in this country will decimate charitable giving and cause great harm to those dependent on one third of all global charitable donations.

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Comments

I wonder what the numbers look like if you only consider charities with a better than 2:1 ratio of payout to administration costs? So many of the ‘Clinton Global Initiative’ type nonprofits are just straw fronts for liberal cash.

Henry Hawkins | January 22, 2016 at 7:58 pm

Not to toot my own horn, but I’ve been giving lessons in poker to the Children’s Home, an orphanage in Bailey NC. They each get monthly stipends from the federal and state government and, well, it’s important they learn how to handle money, how to assess risks, etc. No need to thank me. I receive far more from them than I give.

Are there US tax incentives for charitable gifts that do not exist in other countries?

And, sadly, it needs to stop. At least the global part.

why should we continue to give up our wealth to those who aren’t helping themselves or worse yet are doing things that will continue to make them dependent?

And we also seem to be spending this charity in ways and places where we are hated and despised and there’s no sense in aiding our enemies.

It’s a good thing but we need to keep our charity here at home and let the rest of the world make do for itself.

We have enough problems here to spend donations on.

“Are there US tax incentives for charitable gifts that do not exist in other countries?”

According to this 2015 poll (pdf link) of 43 nations, ~90% of those nations listed have tax codes that allow tax deductions for charitable contributions in their country:

http://tinyurl.com/jgx9qwf

UN eyes tax on football tickets to pay for humanitarian aid

“The world has never been so generous… and yet never has our generosity been so insufficient,”

said European Commissioner Kristalina Georgieva, who chaired the panel along with Sultan Nazrin Shah of Malaysia.

http://news.yahoo.com/un-eyes-tax-football-tickets-pay-humanitarian-aid-103738307.html;_ylt=AwrC0COjr5tWQVAAjOnQtDMD;_ylu=X3oDMTByNXQ0NThjBGNvbG8DYmYxBHBvcwM1BHZ0aWQDBHNlYwNzcg

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