Monterey, CA Wealthy Households Plan To Give More To Charity Over The Next Three To Five Years

View From A Non-Profit Serving Carmel, Carmel Valley, Gonzalez, Greenfield, King City, Marina, Monterey, Pacific Grove, Pebble Beach, Salinas, Seaside And Soledad California

Hands To Help Seniors just had its first annual gala event at Bernardus Lodge and we were happy to see the great turn-out for this worthwhile non-profit which helps seniors in financial need remain independent in their own homes.  It's extremely challenging in this economic environment to raise money for charities.  I was happy to read that the wealthy are getting more bullish about the economy and more willing to open up their checkbooks.  According to a survey for the Center on Philantropy at Indiana University, 24% of high-net-worth individuals said they planned to give more to charities in the next three to five years, while 52% said they would give about as much as they do now.  Only 9% said they would give less during that time period.  The survey queried people with a household net worth of more than $1 million (excluding the value of their home) and/or had an annual income of more than $200,000.  The most compelling causes were education (60%), health care (45%) and poverty (34%).  The researchers conducting the survey felt the positive results were the result of a better feeling about the potential for the stock market.  Let's hope this pans out. 

Please note that this blog reflects my personal opinion and may or may not reflect the opinion of HandsTo Help Seniors and the individual members comprising the Board of Governors.