Wednesday, October 31, 2012

Philanthrop Sector on the Mend when Sandy Hit - Penta - Barrons.com

Philanthrop Sector on the Mend when Sandy Hit - Penta - Barrons.com: Sandy’s aftermath will certainly challenge the resources of the public and non-profit sectors, but, for what’s it’s worth, the philanthropic industry was well on the mend before the hurricane hit, despite the nation’s continued economic weakness. That at least is the underlying message of the latest relevant study.

The 2012 Bank of America Study of High Net Worth Philanthropy, in partnership with the Center Philanthropy, questioned 700 rich folk with liquid assets of $1 million or more. The results released in this biennial study this week reflect philanthropic behavior among the wealthy in 2011.