Wall Street Types Feeling Flush Again

January 25, 2011 at 9:19 PM Leave a comment

Reuters reports that Wall Street bonuses – and thus Wall Street charitable donations – are rebounding.

With banks back in profit and their denizens flush with big bonuses once more, some charities are seeing a difference.

[Fundraiser Stephanie] Astic said in the past three months, business has picked up considerably, but it is still about a third less than in 2007.

Not everyone is embracing the heady, heedless generosity of yesteryear just yet. Caution is the watchword for some:

Phil Orlando of Federated Investors said he cut back on giving to charities other than those on whose boards he sits during the past two years.

“If my bonus turns out to be nice and the markets continue to recover, I will certainly be more generous,” he said.

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Entry filed under: Economic Issues.

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