San Francisco (Jan. 5, 2004) –- Gifts by the 400 wealthiest taxpayers in the U.S. accounted for about 7 percent of all charitable gifts reported on income tax returns for the year 2000, according to NewTithing Group, a nonprofit donor education and research organization.

However, the San Francisco-based group said that the top 400 American tax filers could have donated an additional $19 billion between 1997 and 2000 without sacrificing their lifestyle by donating, rather than selling, long-term appreciated assets. Its report, which is available at www.newtithing.org, is based on Internal Revenue Service data for 2000, the year for which the latest data is available.

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