Wealthiest Donors Gave 9 Percent of Their Income in 2007, Study Finds

If the estate tax were eliminated, 10 percent said they would donate less money, while 37 percent said they would give more.

“There are so many considerations that go into not only why you give, but also how and where you give,” said Claire Costello, a Bank of America executive who works with wealthy donors. Tax incentives are “one among many.”

700 Surveyed
The study’s researchers based their findings on responses from 700 households that earned at least $200,000 annually or had liquid assets of $1-million or more.