The Indiana University Center on Philanthropy noted that about 65 percent of American households earning $100,000 and under give to charity. Almost every American household bringing in more than $100,000 also contribute to various charities. According to research studies conducted by The Chronicle of Philanthropy those people who individually earn at least $100,000 yearly contribute a somewhat smaller portion.
The study revealed their average to be four point two percent. People who individually bring in between $50,000 – $75,000 every year contribute, on average, seven point six percent. Today the tradition continues with present-day philanthropists. Here are few examples in the United States today:
Warren Buffett & Bill Gates
Warren Buffett, the current chairman of Berkshire Hathaway and a well-known investor, and Bill Gates, co-founder of Microsoft, have contributed reportedly billions to a number of different charitable organizations. Furthermore, through their famous Gates-Buffett Pledge, the philanthropic pair continue to formally challenge many of their successful, rich peers to earmark 50 percent of their total individual assets to charities. Buffett himself contributed $31 billion to The Bill and Melinda Gates Foundation back in 2006. The Gates Foundation manages charity campaigns to end both malaria and river blindness.
Since 2008, A co-founder of the Nike Corporation, Phil Knight, and his spouse Penny, have pledged or donated $725 million to the Portland, Oregon-based Oregon Health Sciences Center specifically for medical research. They have contributed hundreds of millions to sports facilities at the University of Oregon as well.
In 2008, investor, financier, and businessman, and financier Ronald Perelman contributed $70 million to charity, according to Antony Gordon. Perelman is also one of the very wealthy people to agree to the above-noted Gates-Buffett Pledge. He pledged as much as half of his professional assets to several charitable organizations in August 2010.
In 2015, Co-founder of Facebook Mark Zuckerberg and his pediatrician wife Priscilla Chan officially promised to contribute 99 percent of all their Facebook shares after the December birth of their daughter Max. The Facebook shares, then worth a total of $45 billion, were earmarked for their then-new charity foundation known as the Chan Zuckerberg Initiative which centers on education and health.