{"id":4712,"date":"2005-07-29T08:02:15","date_gmt":"2005-07-29T08:02:15","guid":{"rendered":"http:\/\/blog.beliefnet.com\/viamedia\/2005\/07\/giving-it-away.html"},"modified":"2005-07-29T08:02:15","modified_gmt":"2005-07-29T08:02:15","slug":"giving-it-away","status":"publish","type":"post","link":"https:\/\/www.beliefnet.com\/columnists\/viamedia\/2005\/07\/giving-it-away.html","title":{"rendered":"Giving it away"},"content":{"rendered":"

A Tablet article contrasting the philanthropic habits of the wealthy in the US and in the UK<\/a><\/p>\n

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What saves American charities is the high-rollers. In the United States, the rich give away a large proportion of their earnings. Here, despite the fanfare that greets occasions such as the Ark dinner, they are nothing like so generous. <\/p>\n

\u201cCompared with the US we\u2019re in the third division,\u201d says Philip Beresford, wealth expert and compiler of the Sunday Times<\/em> Rich List. \u201cThey have a philosophy, do the US super-rich, that having had all the benefits of the \u2018land of the free\u2019, of being able to make money unfettered, there\u2019s a consensus and peer pressure that they should give away as much and as fast as possible \u2013 they\u2019ve got more than they\u2019ll ever need in the rest of their lives and they can\u2019t spend it in heaven.\u201d <\/p>\n

But, for all the paltry giving of most business people in this country, there are some entrepreneurs in Britain who show a remarkable enthusiasm for philanthropy, and it is often inspired by their faith. <\/p>\n

Recently, Philip Richards, the co-founder of hedge fund RAB Capital, promised to give away some of his \u00a312.5 million windfall from selling shares in the group. A devout Christian, last year he gave \u00a31.6 million of his \u00a35.4 million pay, to mostly Christian charities. He intends to donate 10 per cent of his income in future. \u201cIt\u2019s good Christian teaching that you give away a tithe,\u201d he says. <\/p>\n

While some of his more cynical colleagues in the City would balk at Richards\u2019 stance, not so leading Jewish businessmen. They give a far greater percentage of their incomes to charity than their Christian counterparts (although the former tend, first and foremost, to benefit organisations serving fellow Jews \u2013 they look after their own in a way that Anglicans and Catholics simply do not). <\/p>\n<\/blockquote>\n<\/blockquote>\n

Well, the generosity of the American rich is probably inspired by tax concerns as well. But the discussion is interesting, anyway.<\/p>\n","protected":false},"excerpt":{"rendered":"

A Tablet article contrasting the philanthropic habits of the wealthy in the US and in the UK What saves American charities is the high-rollers. In the United States, the rich give away a large proportion of their earnings. Here, despite the fanfare that greets occasions such as the Ark dinner, they are nothing like so…<\/p>\n","protected":false},"author":180,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4712","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"\nGiving it away - Via Media<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.beliefnet.com\/columnists\/viamedia\/2005\/07\/giving-it-away.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Giving it away - Via Media\" \/>\n<meta property=\"og:description\" content=\"A Tablet article contrasting the philanthropic habits of the wealthy in the US and in the UK What saves American charities is the high-rollers. 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The Catholicism comes from her side. Amy grew up in a number of places - Indiana - Washington, DC - Lubbock Texas - Arlington, Virginia - DeKalb, Illinois - Lawrence, Kansas - and Knoxville, Tennessee, where the family settled in 1973. She attended Knoxville Catholic High School, then the University of Tennessee where she majored in history. She received an MA in Church History from Vanderbilt University, where she wrote a thesis on the changing role of women in 19th century American Protestantism, and the ways Scripture was used to justify those changes. She worked as as a teacher in Catholic high schools and a Parish Director of Religious Education and started writing for the diocesan press - the Florida Catholic - in 1988. Amy has written columns for Our Sunday Visitor and Catholic News Service at times over the past twenty years. Her articles have been published in venues ranging from Our Sunday Visitor to the New York Times to Commonweal. She has written 17 books. 18, if you included the as yet tragically unpublished novel. Amy has five children, ranging in age from 26 to 4 and was married to Michael Dubruiel, who died unexpectedly in February 2009. She lives in Birmingham, Alabama.","url":"https:\/\/www.beliefnet.com\/columnists\/viamedia\/author\/awelborn"}]}},"_links":{"self":[{"href":"https:\/\/www.beliefnet.com\/columnists\/viamedia\/wp-json\/wp\/v2\/posts\/4712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.beliefnet.com\/columnists\/viamedia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.beliefnet.com\/columnists\/viamedia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/viamedia\/wp-json\/wp\/v2\/users\/180"}],"replies":[{"embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/viamedia\/wp-json\/wp\/v2\/comments?post=4712"}],"version-history":[{"count":0,"href":"https:\/\/www.beliefnet.com\/columnists\/viamedia\/wp-json\/wp\/v2\/posts\/4712\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.beliefnet.com\/columnists\/viamedia\/wp-json\/wp\/v2\/media?parent=4712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/viamedia\/wp-json\/wp\/v2\/categories?post=4712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.beliefnet.com\/columnists\/viamedia\/wp-json\/wp\/v2\/tags?post=4712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}