A WORD TO PRESIDENT OBAMA: ENTREPRENEURS GIVE MORE CHARITY….BRUCE KESLER
Friday, November 12. 2010
Entrepreneurs Also Give More Charity
President Obama, are you listening? Or, would you rather raise taxes and regulatory costs on smaller businesses?
The Chronicle of Philanthropy reports a study by the Fidelity Charitable Gift Fund and Ernst & Young that, not only do entrepreneurs create more jobs, entrepreneurs give more to charity than large, established companies.
Entrepreneurs give twice as much of their profits to charity as more-established companies, according to new research released today by the Fidelity Charitable Gift Fund and Ernst & Young.
Entrepreneurs, the study found, allocate a median of 3 percent of their corporate profits to charity. That is more than double the median 1.2 percent of profits found in The Chronicle’s latest corporate-giving survey of the nation’s largest companies.
Not only that, but “Nearly 70 percent said they started supporting charities while building their business, before it was successful.”
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