Fiscal cliff plus new tax regulations? Report from Schwab Charitable shows annual giving this year has continued 2012's picked-up pace.
"New tax legislation and last year’s fiscal cliff scare led to a tremendous amount of giving that has continued into the first half of 2013. According to Schwab Charitable, contributions from its clients are up by 115 percent — from $219 million to $471 million — from January though July 2012 compared with the same period in 2013. Grants are up 21 percent, from $284 million to $344 million, while assets have grown 56 percent to nearly $5 billion." -- Renee Frojo, San Francisco Business Times