TheBostonChannel.com - Money - Study: Bay State Generous After All: "Study: Bay State Generous After All
Foundation Ranks Mass. 11th In Nation For Charitable Giving
POSTED: 6:54 am EST November 8, 2005
UPDATED: 7:00 am EST November 8, 2005
BOSTON -- A new study on charitable giving trumpets Massachusetts as one of the most generous states in the nation, a far cry from the Bay State's historically low ranking in a separate, widely quoted annual report.
The Boston Foundation study ranks Massachusetts 11th in the nation in charitable giving after taking into account the region's high cost of living and correcting for what it says are biases in the so-called Generosity Index against high-income states.
The Generosity Index was created by The Catalogue for Philanthropy, which bases its rankings on the average adjusted income of residents and the value of itemized charitable donations reported on their federal tax returns.
Although critics accuse the generosity index of shaming states into giving more, officials at The Catalogue for Philanthropy say the survey is a way of comparison. The Boston-based nonprofit group created the index eight years ago."
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