Morningstar - Tax-Wise Philanthropy

Morningstar - Tax-Wise Philanthropy: "Tax-Wise Philanthropy
by Northern Trust | 09-28-04 | Print Article

Marguerite Griffin, Vice President, Personal Trust Relationship Manager
Americans are generous. According to the American Association of Fundraising Counsel, charitable giving totaled more than $240 billion in 2003. That�s an average gift of more than $850 from every person in the United States.
In fact, while corporations and foundations are important sources of funds, individuals actually provide the biggest boost to charities. Nearly three-quarters of last year�s gifts were made by people unaffiliated with an organization."