Big Donors Want Self-Sustaining Projects - The NonProfit TimesThe NonProfit Times: "ig Donors Want Self-Sustaining Projects
By Zach Halper - October 7, 2014
Charitable giving by the wealthiest individuals in the world has increased to levels not seen since before the Great Recession, according financial research firms Wealth-X and Arton Capital.
The inaugural “Wealth-X and Arton Capital Philanthropy Report 2014” found that the average ultra high net worth individual (UHNW) donates about $25 million during the person’s lifetime. This put the Wealth-X and Arton Capital Major Giving Index at a level of 220 in 2013, just 12 points behind the all-time high level of 232 in 2006."
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