Advisers to the Wealthy Predict Rise in Giving to Offset Tax Increases

Eighty-seven percent of financial advisers expect income taxes to increase for most of their clients in the next 12 to 18 months, with 26 percent predicting their clients will increase charitable giving to offset the tax hikes, according to the 2010 Fidelity Charitable Gift Fund Advice & Giving survey of 500 financial advisers.

Forty-eight percent of advisers “expect their clients to maintain their level of giving, despite continuing market uncertainty and an overall decline in U.S. charitable giving in 2009,” according to the Fidelity report.