skip to main content
skip to newscasts

Monday, April 29, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

At least 4 killed in Oklahoma tornado outbreak; 10 shot outside Florida bar; AZ receives millions of dollars for solar investments; Maine prepares young people for climate change-related jobs, activism; Feds: Grocery chain profits soared during and after a pandemic.

view newscast page
play newscast audioPlay

Ukraine receives much-needed U.S. aid, though it's just getting started. Protesting college students are up in arms about pro-Israel stances. And, end-of-life care advocates stand up for minors' gender-affirming care in Montana.

view newscast page
play newscast audioPlay

More rural working-age people are dying young compared to their urban counterparts, the internet was a lifesaver for rural students during the pandemic but the connection has been broken for many, and conservationists believe a new rule governing public lands will protect them for future generations.

Report Shows Super-Rich are Giving More

play audio
Play

Monday, February 13, 2012   

PHOENIX - "The super rich grew more charitable last year, as public opinion of them became less so," according to a report compiling the donations of the nation's wealthiest givers.

The Chronicle of Philanthropy's annual list shows the top 50 most generous Americans gave a median of $61 million in 2011, up from about $40 million the previous year.

Does that mean the public focus on income disparity generated by the Occupy Wall Street movement had an impact on these billionaires? Caroline Preston, the study's co-author, says she saw "some signs that the wealthy are zeroing in on these issues."

"But I don't think that, at least yet, we're seeing any big move by the super-wealthy to re-shape their giving as a result of the scrutiny that they're under."

It's likely last year's stock market rebound played as much or more of a role, she says. The study also showed far more money was donated to large foundations, universities, hospitals and medical research than to smaller social-service organizations.

The intensified national conversation about the "haves" and "have nots" in America has the philanthropy community looking for signs that the dialog is having an effect on charitable donors, she says.

"Some people say that it could stir greater generosity, particularly to direct needs or to programs to try to create jobs. Others think that it could cause wealthy people who may feel like they are being targeted to be more quiet about their giving."

Preston says her publication talked to one billionaire who thought that one of Occupy Wall Street's goals - more and better jobs for college graduates - was worthy of addressing through giving.

"It does seem to be causing some people to take a closer look at, for example, how to tie the education funding that they may have been doing to job creation."

The Chronicle says rich people and the fundraisers who pursue them are expecting higher levels of giving this year and next, assuming the economy continues to improve.

The Chronicle's research is online at philanthropy.com.


get more stories like this via email

more stories
Some groups see disproportionately high rates of suicide, including veterans, racial and ethnic minority groups, people with disabilities and LGBTQIA+ people. (Adobe Stock)

Health and Wellness

play sound

Rates of suicide among young people have increased by about 36% in roughly the last two decades and the surge has caught the attention of federal poli…


play sound

Members of Nebraska's LGBTQ+ community and their supporters saw positive actions at both the state and federal level this month. At the state level…

Social Issues

play sound

Missouri residents are gaining new insights into the powerful role of food in health care as experts and organizations advocate for a shift toward foo…


New Mexico is the second sunniest state in the nation after Arizona, creating maximum opportunities for solar development. (KristinaBlokhin/AdobeStock)

Environment

play sound

New federal funding aims to revolutionize solar energy access within New Mexico's Native American communities and benefit the state overall. The …

Health and Wellness

play sound

Nevada health-care providers, patients and advocates are responding to the U.S. Supreme Court case that'll determine the future of the Emergency …

Environment

play sound

A Knoxville-based environmental group is advocating for the Radiation Exposure Compensation Act expansion, currently awaiting House approval…

Environment

play sound

State officials in Maine are preparing the next generation for climate change-related activism and careers. A new state-run website helps young …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021