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Annotated Bibliography: Income And Charity

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Annotated Bibliography: Income and Charity
Research Question: What happens to the percentage of income given to charity when more income is received in America? Through extensive research, I have discovered that the wealthy in America give more money, but the lower-class give a bigger chunk of their income to those stricken with poverty. According to Forbes, the wealthy contributed an overall total of $77.5 billion to nonprofit organizations, while the lower-income collectively contributed $57.3 billion (Forbes.com). In 2012, the lower-class donated 4.5 percent more of their income than they contributed to the poor six years before, while the upper-class donated 4.6 percent less of their income (Pittsburgh Post-Gazette). What makes the rich …show more content…
According to research from Indiana University, the American upper-class individually donates between sixty-five and seventy percent of all donations of nonprofit organizations. The wealthy philanthropists also tend to give to popular nonprofit organizations that do not really need their contributions. The extremely wealthy give most of their donations to local charities, so that they get recognition for future business connections, as well as tax …show more content…
In 1998, Americans with incomes under $100,000 would give an average of 5.2 percent of their income to the poor. Those with incomes exceeding $100,000 would donate three percent less of their earnings to charity than those with lower incomes. Since 1993, Americans with incomes between $10,000 and $20,000 had increased their percentage of giving by one percent with 3.3 percent donation of income. Americans with incomes over $100,000 had decreased their percentage of giving by eight tenths of a percentage.
Lewis, Nicole, and Maria Di Mento. “Giving Pledge Signers Gave Big in 2013 but Not Much for Today’s Needs.” Chronicle of Philanthropy 26.6 (2014): 6-28. 13 Feb. 2014: MasterFILE Premier. Web. 23 Oct. 2014.
A little over 120 of America’s billionaires have decided to forfeit half of their income to various charities. However, the billionaires are not necessarily giving to desperate charities. For example, nine pledgers of the Giving Pledge have given most of their donations to their own operated charities. Similarly, nonprofit experts are worried about the effectiveness of giving to the needy, rather than the amount of money that the rich are reportedly giving. For this reason, researchers started tracking the pledgers in an operation called “Eye on the Giving Pledge” two years ago. Through pictures and background information about the members of the pledge, philanthropy has

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