Milford's Wealthiest Give Least to Charity

In addition to , a recent report shows that the wealthiest in Milford are the least charitable citizens.

The Chronicle of Philanthropy analyzed income levels and Internal Revenue Service records for the study.

Milford residents in the highest tax brackets ($100,000 to over $200,000/year) gave a smaller percent of their annual income to charity than those making $50,000-$99,9999 per year.

In 2008, Milford residents in the $50,000-$99,999 income bracket gave 4.40% of their annual discretionary income to charity.

Those earning $100,000-$199,999 gave 2.60% and residents earning in excess of $200,000 annually gave 3.30%. 

The information is based on 2008 figures, the most recent year for which data is available.

Education/Giving

Milford residents who had only acquired a High School Diploma made up the highest percentage of charity donors, with 28.20%, compared to 15.30% given by those with postgraduate degrees.

Those with some college experience made up the second most-giving group, making up 24.80%, while those with a Bachelor's Degree gave 20.20%.

Milford residents with no High School Diploma made up the smallest group at 11.40%.

Here's a look at the breakdown of giving by income level in Milford:

Total Returns

Total Contributions

Average Contributions Average Discretionary Income
Percent of Income Given

 

Milford residents in the $50,000-$99,999 income bracket

 

5,783

7,359,622

$1,272.63
$28,770.51
4.40%
Milford residents in the $100,000-$199,999 income bracket
4,544
9,316,829
$2,050.35
$77,900.42
2.60%
Milford residents in the >$200,000 income bracket
986
6,137,473
$6,224.61
$190,718.86
3.30%