What's Holding the Wealthy Back?What's Holding the Wealthy Back?
In March 2010, Barclays Wealth, the wealth management division of Barclays Bank PLC, published the results of its survey, Philanthropy: Barriers to Giving (www.barclayswealth.com/insights/philanthropy-barriers-to-giving.htm). The survey focused on the attitudes towards philanthropy of 500 high-net-worth individuals in the United States and the United Kingdom, to gain a better understanding of what's
David Thayne Leibell, partner in the New York and Stamford, Conn., offices of Wiggin and Dana, LL
In March 2010, Barclays Wealth, the wealth management division of Barclays Bank PLC, published the results of its survey, “Philanthropy: Barriers to Giving” (www.barclayswealth.com/insights/philanthropy-barriers-to-giving.htm). The survey focused on the attitudes towards philanthropy of 500 high-net-worth individuals in the United States and the United Kingdom, to gain a better understanding of what's holding the wealthy back from giving more to charity.
Bottom line: wealthy individuals should be able to give significantly more than they are presently giving to charity. The survey identified four barriers that restrict increased giving: (1) th...
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