Only 9% of high-net-worth households reported that they would give less to charity over the next three to five years while almost a quarter, 24%, said that they expected to give more and 52% expected to keep giving at the same levels, according to early findings of the 2012 Bank of America Study of High Net Worth Philanthropy.
The outlook shows that while "there are certain pockets that are not as confident about their giving and their own economic circumstances," there is a high level of commitment to charitable giving as well as some optimism about the economy in the high net worth space, Una Osili, director of research for The Center on Philanthropy, BofA's partner in the survey, said in an interview with On Wall Street.
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