Wealthy Donors Keep On Giving

Barclays found that 75% of high-net-worth individuals (with average investable assets of $5.4 million) do not plan to donate less money in the current economic environment. Although about 23% of the high-net-worth individuals surveyed reduced donations, only about 10% planned a large cutback. (Charitable giving is actually one of the last expenses--just before education costs--that investors are willing to scrap in tough times. Luxury goods are the first to get eliminated, followed by personal staff and dining out.)