Entrepreneurs Generous!

When it comes to charitable giving, self-made entrepreneurs are more than twice as generous as millionaires who acquired their wealth through inheritance, according to a new study.

The study, which included nearly 1,000 respondents across the nation with household income above $200,000 or a net worth of at least $1 million, found that entrepreneurs donated an average of $232,206 per year, according to researchers at Indiana University's Center on Philanthropy.

By comparison, donors who inherited their wealth gave an average of $109,745 annually, the study found.

Those whose net worth came from savings, return on investment, and real estate tended to be less generous to charities, the study found.

Yet, beyond the dollars, researchers also discovered a strong correlation between the size of donations and the amount of time a donor spends volunteering for a cause.

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