Wealthy Nevadans give more than national average

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Updated: 12/26/2012 4:39 pm

CARSON CITY, Nev. (AP) — Wealthy Nevadans with incomes topping $1 million are more generous in their philanthropic donations than the national average of high-end earners.

That's according to a report released Wednesday by Private Bank, a division of Nevada State Bank that serves wealthy clients.

The report says the average contribution from Nevada's high net worth households was $138,320 in 2009, 8.2 percent higher than national average.

The largest beneficiary, both in Nevada and nationally, is higher education. From 2000 to 2010, donations to higher education in Nevada accounted for 44 percent, or $1.5 billion, of all charitable donations.

During that time Nevadans gave $3.4 billion in publicly announced large donations of $1 million or more. But the report also notes only $904 million of the total went to organizations in the state.


©2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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