Tuesday, May 01, 2007

Millionaires Increased Charitable Donations in 2006, but Interest Appears Waning, Says Northern Trust

Millionaires Increased Charitable Donations in 2006, but Interest Appears Waning, Says Northern Trust: "CHICAGO, May 1 /PRNewswire/ -- Millionaire households increased their charitable donations by more than 20 percent in 2006 over the previous year, but donations in 2007 are expected to be lower. Due in part to current charitable giving levels, the uncertainty regarding estate tax laws, and family care obligations, affluent families attach less importance to making charitable donations, fewer say they want to be personally involved in their charities and fewer plan to increase their contributions this year, according to Wealth in America 2007,"

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