One way wealthy people changed their charitable giving during the pandemic MarketWatch 4 hrs ago Leslie Albrecht © Photo by FREDERIC J. BROWN/AFP via Getty Images Affluent households focused their donations to charity in one particular area in 2020.
The global upheaval of 2020 didn’t inspire more wealthy people to give to charity, but it did change where and how they did their giving.
That’s about the same percentage as the last edition of the study, which looked at 2017 charitable giving and found that 90% of affluent households donated that year. ‘This sustained commitment by donors shows the importance of a strategic approach to philanthropy that is still flexible enough to respond to a sudden surge in need.’ Ann Limberg, head of Philanthropic and Family Office Solutions, Bank of America Private Bank
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Physical store sales at Amazon fell by double digits in the fiscal 2021 first quarter, even as the retail giant saw overall net sales jump more than 40% and adjusted earnings per share come in 65% higher than Wall Street’s forecast.
For the quarter ended March 31, net sales again topped the $100 billion mark, totaling $108.52 billion, up 43.8% from $75.45 billion a year earlier, Seattle-based Amazon reported after yesterday’s market close. Excluding the $2.1 billion favorable impact from foreign exchange rate changes, sales grew 41% year over year, the company said.
Online sales surged 44% to $52.9 billion in the first quarter from $36.65 billion a year ago and were up 41% excluding foreign exchange. Sequentially, online sales were down 20.4% from the fourth quarter, which included the holiday sales period.
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