Author: Barrett, William P.

Publication Year:

Media Type: Periodical (article)

Summary:

According to a survey conducted by Forbes magazine, approximately 75% of the wealthiest individuals in the United States give to charitable causes through their own private foundations. This article discusses the motives for these wealthy Americans to set up private foundations which include tax deduction opportunities and to hold their endowment funds

Abstract:

According to a survey conducted by Forbes magazine, approximately 75% of the wealthiest individuals in the United States give to charitable causes through their own private foundations. This article discusses the motives for these wealthy Americans to set up private foundations which include tax deduction opportunities and to hold their endowment funds.

Also featured are tables with data about Forbes 400 members. Listed are a sampling of top recipients of gifts from members' private foundations and the largest charities created by members.

Arts & Intersections:

Categories: Fundraising