Thursday, April 13, 2006

As the Rich Ride In, Many Are Priced Out of Homes on the Range

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As the Rich Ride In, Many Are Priced Out of Homes on the Range: "Besides spending buckets of money on their houses, the rich have been extraordinarily willing in recent years to give money away.


'It is craziness -- every year there is just more and more and more,' said Clare Payne Simmons, who until last year was president of the Community Foundation of Jackson Hole, which has raised nearly $39 million for local charities since 1997.

Teton County has become one of the most philanthropic places in the country, as measured by tax-deductible donations per household, IRS figures show. Households here gave away about $9,000 a year in 2002, nearly nine times the national average."

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