Tuesday, October 09, 2007
Increasing your charitable donations
Increasing your charitable donations: "Increasing your charitable donations Published: Friday, October 5, 2007 | 3:01 PM ET Canadian Press: Talbot Boggs (Special) - Canadians are generous people. Each year, they donate literally billions of dollars to their favourite charities and receive a tax credit for their philanthropic generosity. Statistic Canada figures show that Canadian individuals, corporations and foundations donated about $11 billion to more than 80,000 registered charitable organizations in Canada in 2005."
Subscribe to:
Post Comments (Atom)
1 comment:
http://www.fraserinstitute.org/commerce.web/newsrelease.aspx?nID=5117
December 18, 2007.
Generosity in Canada and the United States: The 2007 Generosity Index measures and compares monetary generosity in Canada’s 10 provinces and three territories and in the 50 U.S. states and the District of Columbia using readily available data about the extent and depth of charitable donations as recorded on personal income tax returns.
...Residents of Utah, the most generous American state, donate more than 11 times as much of their income (3.71 per cent) compared to Quebeckers (0.33 per cent) and more than three times as much as Manitoba, Canada’s most generous province (1.11 per cent).
In fact, not a single U.S. state donates less to charity than the 0.33 per cent of total income given by Quebeckers.
“Many Quebeckers continue to feed the myth that Quebec, and Canada, are more generous and giving societies than the United States. But when it comes to reaching into our own pockets and giving our own money to charity, Americans are clearly more generous then Quebeckers and most other Canadians,” said Tasha Kheiriddin, the Institute’s Directrice pour le Québec et la Francophonie.
In comparing Canada and the United States on a national basis, monetary generosity in the U.S. far surpasses that of Canada with 30.6 per cent of U.S tax filers donating to charity compared to 25.1 per cent of Canadian tax filers and 22.5 per cent of Quebec tax filers.
Americans gave 1.77 per cent of their aggregate personal income to charity, more than double the 0.75 per cent of the total personal income Canadians donated to charity in 2005 (the last year for which data was available).
Canada makes its poorest showing in terms of the average value of charitable donations in local currency. The average U.S. donation was $4,388 US, almost four times more than the average donation in Canada ($1,345 Cdn.). Top-ranked Wyoming recorded an average charitable donation of $10,066 US, more than five times the average in Alberta ($1,836 Cdn.), Canada’s top-ranked province. Even in Rhode Island, the lowest ranked U.S. state, the average donation ($2,594 US) is nearly $750 more than the average donation in Alberta. These differences are more pronounced when currency differences are taken into account.
“The numbers continue to show a well established fact-- more Americans give to charity and as a whole, give a higher percentage of their aggregate personal income,” Kheiriddin said.
Post a Comment