HOW THE RICH GIVEHOW THE RICH GIVE

Rorie M. Sherman Editor in Chief

A new study on high-net-worth philanthropy shows that the rich are different. David T. Leibell and Daniel L. Daniels, partners of Cummings & Lockwood, LLC in Stamford, Conn., report:

According to a study released Oct. 26 — the “Bank of America Study of High Net-Worth Philanthropy” researched and written by The Center on Philanthropy at Indiana University — high-net-worth households, as a group, allocate their philanthropic contributions quite differently than the U.S. general population. While the general population donates primarily to religious organizations, most high-net-worth households give to organizations that serve a combination of purposes, such as the United Way, or to private foundations, donor-...