Predicted Tax Hikes Expected to Spur Giving

Eighty-seven percent of financial advisers expect income taxes will rise for most of their clients over the next 12 to 18 months, and one in four expect their clients will increase their charitable giving to offset tax hikes, a new survey says.

Another 48 percent of advisers expect their clients to maintain their level of giving, despite ongoing uncertainty about the financial markets and an overall decline in charitable giving in 2009, says the 2010 Advice & Giving survey by the Fidelity Charitable Gift Fund.