PNC Wealth Management Study: 59% Of Millionaires Feel Obligation To Give Back

Despite continued economic woes, a majority of the nation's millionaires aren't cinching their purse strings when it comes to charitable giving.

Fifty-nine percent of millionaires agree they feel they have an obligation to give back to their community, according to a survey released Jan. 17 by PNC Wealth Management . The percentage remains the same as it was in 2008.

The study also revealed that 21 percent plan of these wealthy donors plan to increase their giving, while 22 percent of millionaires plan on cutting back the amount they give to charity. Forty-six percent plan no change.