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By contrast, educational institutions, which were the second-most-common type of organization to which wealthy households gave, received average contributions of $27,379.
Mr. Rooney said that more wealthy people may turn to support charities that serve basic needs as the economy worsens.
“If my portfolio is going down, then I probably feel like I need to be more strategic in my philanthropy,” he said. “And if my portfolio is going down, then the economy may be going down, and I may feel like I need to give more to help the needy.”
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Caroline Preston
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