RSS FeedFacebookSearch
Gary Younge
US rich give $10bn to charity

The individuals, whose combined income accounts for more than 1% of all the money earned by 292 million Americans, provided nearly 7% of all gifts in 2000, the year to which the figures relate.

While the names of the 400 are not given, they are believed to include Bill Gates, George Soros and Ted Turner, all of whom are known to have given huge amounts. But the charitable group which paid for the information to be collated, NewTithing Group, believes they could all give a lot more.

Claude Rosenberg, the retired money manager who founded the organisation, told the New York Times the top taxpayers could have afforded 40% more.

Research shows that donations from the very wealthy have continued to decline when measured against their assets, and relatively little has directly benefited the poor.

Meanwhile, the US government has cut taxes for the wealthy and benefits for the poor, while making charitable donations tax-deductible.

"For an organisation to qualify as charitable doesn't mean it benefits the poor," said Lewis Feldstein, president of the New Hampshire Charitable Foundation. "[Institutions] that benefit tend to be connected to people of means, like land charities, museums, colleges and hospitals."

Nonetheless, between 1997 and 2000 the growth in their charitable donations outpaced the rise in their incomes; incomes rose 80% while giving went up by more than 400%.

© Gary Younge. All Rights reserved, site built with tlc
The Speech: The Story Behind Dr. Martin Luther King Jr.’s Dream
book review
“The speech is profoundly and willfully misunderstood,” says King’s longtime friend Vincent Harding.
 follow on twitter
RT @RSLiterature: To kick-off our #LiteratureMatters #RSL200 Autumn/Winter events, join @DavidHarewood & @GaryYounge live @britishlibrary t…
RT @gavinesler: The prime minister of the United Kingdom in his own words ….
RT @EuceEsc: We are so excited to announce that during Pitt's #InternationalWeek2021, Gary Younge will be (virtually) delivering the 2021-2…
There are so many wonderful things about this photograph. https://t.co/w46AJycfA1
@DavidHarewood @britishlibrary Can I have your pies?
RT @DavidHarewood: @DavidHarewood /@garyyounge It’s ON! See the heavyweight battle everyone’s talking about! @britishlibrary for ONE night…
@carysafoko @DavidHarewood @britishlibrary Spite. It’s my superpower
Very much looking forward to being in conversation with @DavidHarewood at the @britishlibrary in London on October… https://t.co/ccIdLj0jU8
RT @typemediacenter: For @BritishVogue's September 2021 issue, Type Fellow @garyyounge spoke with the Barbados Prime Minister @miaamormottl
RT @immacReno: "You can be as brilliant, rich and accomplished and you will be quite often defined by just that one mistake if you're blac…
© Gary Younge. All Rights reserved, site built with tlc