Family Businesses in the United States
Giving by Families; 2017
- Individuals comprised 72% of giving; Corporation’s comprise 5% of giving (2)
- IRS Statistics of Income (SOI) data indicates that from 2003 to 2013 itemized contributions grew 40% for households with income of $100,000 or more, with the greatest increase of 104% in households with incomes of $10 million or more (2)
- Charitable deductions for households earning less than $100,000 decreased 34% in the same time period (2)
(1) FEUSA; Research of 180 Privately owned businesses March 2018; (2) 2017 Giving USA