Charitable giving rates among high-net worth Americans is on the upswing.
The average amount given to charity by wealthy households rose 28% over the past two years. Giving jumped to $68,580 last year from $53,519 in 2011, according to the 2014 U.S. Trust Study of High Net Worth Philanthropy released Tuesday. The report, which is done biennially in partnership with the Indiana University Lilly Family School of Philanthropy, also shows that virtually all the high net worth households (98.4%) donated to charity last year compared to 95.4% in 2011 and is at the highest level since the U.S. Trust study began in 2006. The study included interviews with 632 U.S. households with a net worth of $1 million or more (excluding the value of their home) and/or an annual household income of above $200,000.
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