Rich People Like the Arts More Than Jesus
November 16, 2010 § Leave a comment
The LA Times just ran an article in their Arts and Culture section discussing the philanthropic trends of 2009 and the last four years. Every year Bank of American and Merrill Lynch publish a study called “Study of High Net Worth Philanthropy.” They found in 2009 households with incomes of $200,000+, or a net worth of at least $1 million donated 7.5 cents of their charitable dollar to the arts. The rest of the American population only gave 1 cent. Of the “rich” households, three of four gave to the arts. The “poor people” households had a rate of one in thirteen. Looking at religious giving, wealthy households give 13 cents of every charitable dollar which is nearly five times less than the 63 cents per dollar the general population donated in 2009. From this we can clearly assume wealthy people care more about the arts than about Jesus.