Presidential Candidates are Big Donors

As a nonprofit organization it’s hard not to think about how the new president will affect the philanthropic world. Will the impending Commander in Chief cut back government spending impacting the poor, the arts and education? Will increased income tax reduce donor giving levels? Will privacy and copyright law proposals concerning the internet return therefore limiting online fundraisers? What priority do these candidates place on the nonprofit world?

The presidential hopefuls have released their recent tax returns and their charitable giving is quite impressive. According to CNN reporter Charles Riley, in 2010 President Obama donated $245,075, or 14.2% of his $1.7 million income, Romney donated almost $3 million, or 13.8% of his income, while Gingrich gave $81,133, or 2.6% of his income to charity. (On a side note, Rick Santorum and Ron Paul have yet to release their tax returns.)

“Romney and Obama are very generous charity-wise,” said CharityWatch president Daniel Borochoff. Gingrich is still doing pretty well, but Borochoff said his giving level is “more like an average donor for the income.”

So what charities are benefitting from these generous donors? In 2011, the Romney’s gave $2.6 million in cash contributions to the Church of Jesus Christ of Latter Day Saints and in 2010 they gave $1.5 million. The Romneys also have a foundation that they started called the Tyler Foundation in which they filtered money to other charitable organizations such as Harvard Business School, City Year, the George W. Bush Library and the Boys and Girls Club of Boston to name a few. The Obama’s spread their generosity to groups ranging from the American Red Cross, the University of Hawaii foundation, the National AIDS Fund and the Greater New Orleans Foundation. On Gingrich’s tax returns , it was unclear as to what organizations he delegated his funds to other than $9,540 to the Basilica of the National Shrine of the Immaculate Conception in Washington.

Honestly, the amount of giving is quite impressive but the fact that these presidential nominees are so generous does not surprise me. After all, isn’t being president like being the ultimate public servant? He has the interests of the country at heart, he needs public approval to achieve his goals and he has to love people to interact with so many with varying and diverse backgrounds.