As Boston reaches peak affluence, 45-year-old center on philanthropy to close – Business – The Boston Globe

As Boston reaches peak affluence, 45-year-old center on philanthropy to close – Business – The Boston Globe.

On the contrary, Schervish and Havens found, the wealthiest Americans tend to give to charity for more altruistic reasons once they reach financial security.

“We always focused on spiritual context,” Schervish said, “and our statistical work was always the foundation for a moral question: How can you use your wealth for deeper purposes when you no longer need to achieve a higher standard of living?”

“There are no barriers to entry to philanthropy,” he added, “and the needs are infinite.”

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