Bank study finds signs of more strategic giving among US donors

Wealthy donors are giving more strategically and are increasingly turning to legal and financial professionals as primary sources for advice about charitable giving decisions, according to a survey conducted by the Bank of America. The survey found accountants (43 per cent), lawyers (42 per cent) and financial or wealth advisors (33 per cent) to be among the leading sources of charitable advice The survey also finds that, of respondents who had stopped giving to a charitable organization, nearly 60 per cent did so because of ‘no longer feeling connected to the organization’. The study was conducted among nearly 700 respondents with household income greater than $200,000 and/or net worth of at least $1 million.

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