Browsing by Author "Hayat, Amir"

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    The 2014 U.S. Trust ® Study of High Net Worth Philanthropy
    (2014-10) Rooney, Patrick; Osili, Una; Thayer, Amy; Baranowski, Grace; Hayat, Amir; Davis Kalugyer, Adriene; Hyatte, Cynthia
    This study reveals consistent trends in the giving and volunteering behaviors of high net worth individuals and households from previous years, as well as departures from past trends. Nearly all (98.4 percent) high net worth households continued to give to charity in 2013. In fact, the findings show a 3 percentage point increase in the rate of giving by these households from 2011. A majority of high net worth individuals (75.1 percent) also continued to volunteer their time in 2013. More than one-third (34.3 percent) of these volunteers gave 200 hours or more of their time, while almost three-fourths (73.7 percent) of the volunteers volunteered at two or more organizations.
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    Charitable Bequest Giving in the USA
    (2014-07-10) Rooney, Patrick; Hayat, Amir; Kramarek, Michal; Wang, Xiaoyun
    The estate tax plays an important and controversial role in many aspects of our society. This paper focuses on one of the more important and more controversial aspects of the estate tax. Namely, we examine the relationships between changes in the estate tax rate and estate tax exemption levels and aggregate charitable bequest giving using time series data. During life, donors give for many reasons, which may or may not be affected by the tax deductibility (only about one-fourth of US households itemize their taxes, so for three-fourths, the price of giving a dollar is a dollar). Likewise, the decision to give at death is motivated by many factors, including the tax implications for some, but it must be recalled that less than two percent of Americans pay any estate tax, and less than half of them pay anything that would be considered a meaningful tax (Rooney and Tempel, 2001). That said, for very large estates, the exemption levels and the estate tax rates can be a considerable factor in estate planning.