The country's wealthy individuals continue to outpace the general population when it comes to giving to charity, according to a survey by Bank of America and the Center on Philanthropy at Indiana University.
Of those surveyed, 95 percent of the wealthy gave to charity in 2011, compared with 65 percent of the general population.
The average amount each wealthy household donated to charity in 2011 was $52,770 -- 7 percent less than in the two years prior. But more of the respondents volunteered time and talent. Last year, 89 percent of them volunteered, a 10 percent increase from 2009.
The survey is based on a sample of 700 households with a net worth of $1 million or more (not including the value of a home) or an annual income of $200,000 or more.
As a percentage of household income, the wealthy are just short of tithing, giving 9 percent to charity. Most of the donations went to education, religious organizations and giving vehicles such as foundations.
The survey also found that the more wealthy individuals volunteered time, the more money they gave. In 2011, those who volunteered more than 100 hours to charity gave in excess of $78,000, on average. That's nearly twice the amount donated by those who volunteered fewer than 100 hours. They gave an average of $39,000.
"During the past decade, we have seen donors become increasingly impact driven and strategic in their charitable activities," Una Osili, director of research for the Center on Philanthropy, wrote in the survey results. "They are more focused, more engaged through volunteerism, and their commitment is strongest when they are personally involved with the nonprofits to which they give."
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