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Give 'Til It Hurts

...or until you reach 2.2 percent of your colossal earnings, whichever comes first.

Bill Gates may be giving away billions through his various foundations, but other wealthy techies aren't following suit. A recent national survey by the Independent Sector, a coalition of volunteer organizations, showed a decline in giving among high-income households. Those in the over $100,000 bracket only gave an average of 2.2 percent in 1998, down from 3.4 percent in 1995. Compare that to those in the under $10,000 bracket, who averaged 5.25 percent in 1998 and 4.3 percent in 1995.


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This article was originally published in the June 2000 print edition of Entrepreneur with the headline: Give 'Til It Hurts.

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