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Primary Article

Charitable Giving

Noblesse Oblige, “The Gospel of Wealth,” and Other Shibboleths

Barbara R. Hauser
The Journal of Wealth Management Fall 2004, 7 (2) 23-29; DOI: https://doi.org/10.3905/jwm.2004.434563
Barbara R. Hauser
Special counsel in the Private Client Department of Cadwalader, Wickersham & Taft LLP and a visiting scholar at the University of Minnesota Law School.
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Abstract

The author starts with the observation that charitable giving is a big business, especially in the United States, where as much as $120 billion a year is estimated as the total of charitable contributions by individuals. She then questions what really motivates wealthy families to give to charities at all. Listing and discussing the various motivations frequently offered, she begs to disagree and submits that the true motivation for most family giving programs is instinctive and sympathetic. She concludes that, at the heart or foundation of charitable giving, we see an urge to help others to whom we can relate—whether in the neighborhood or around the globe—and suggests that this urge is instinctive and emotional. When we give in the best sense we give from a love of mankind.

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The Journal of Wealth Management
Vol. 7, Issue 2
Fall 2004
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Charitable Giving
Barbara R. Hauser
The Journal of Wealth Management Jul 2004, 7 (2) 23-29; DOI: 10.3905/jwm.2004.434563

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Charitable Giving
Barbara R. Hauser
The Journal of Wealth Management Jul 2004, 7 (2) 23-29; DOI: 10.3905/jwm.2004.434563
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