Inside Wealth: Philanthropy

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• Chef Charges $850-a-Plate for Dinner, but BYOB

  

  World-renowned chef Alain Ducasse is hosting a black-tie, $850-a-plate dinner in New York next month for 240 elite guests, who will be asked to bring their own wine.

• Tax Hikes on Wealthy May Increase Charitable Giving

  

  One study says that the "cliff" deal will not, in fact, reduce the giving of the wealthy. It's likely to increase it.

• Plan on Winning That Powerball Jackpot? A Little Advice

  

  Before you go out and buy a mansion and a yacht, here is some smarter advice on what you should do if you win the $425 million Powerball.

• Grosshandler: How Will Nonprofit Businesses Do This Holiday Season?

  

  Many nonprofits rely on the fourth quarter for a substantial portion of their yearly income. So far, the year has been really hard.

• The Millionaires Who Pay the Highest Tax Rate

  

  New IRS data show that those making between $1.5 million and $2 million pay the highest average tax rates in the country.

• Lamborghini Miami Strikes Gold With Foreign Rich

  

  Nowhere is the impact of foreign riches more noticeable than at Lamborghini Miami, one of the nation’s largest sellers of super-cars.

• Ferrari's Fastest-Ever F12 Nabs $1.1 Million for Storm Victims

  

  A Ferrari F12 Berlinetta sold for $1.125 million over the weekend, with the proceeds going to Hurricane Sandy charity.

• Would Fiscal Cliff Keep Rich From Giving to Charity?

  

  If the charitable deduction is capped or cut, some say, the United States will lose billions of dollars in charitable donations. But there is little hard data to support the claim.

• For Now, Rich Sit on Wallets in Sandy's Wake

  

  Companies have given millions to the Sandy cause. But so far, big charity checks from the rich remain scarce.

• After the Disney Deal, How Much Is Lucas Worth?

  

  The Star Wars creator's wealth will soar to more than $5.2 billion after Disney purchases Lucasfilms.

• Steve Jobs’s 256-Foot Yacht Launches Posthumously

  

  Rumors were that plans for the former Apple CEO's boat had been shelved during Jobs's illness. But the yacht has just had its posthumous launch in the Netherlands.

• Millionaires Give Nine Percent of Income to Charity

  

  A new study from Bank of America found that 95 percent of American millionaires gave to charity in 2011, with almost as many giving time as well as money.

• One Percent to Boost Holiday Spending by $600 Million

  A study from American Express Publishing and Harrison Group shows that holiday spending will grow 33.5 percent among the top one percent of earners this Christmas, to $3.4 billion.

• Can Employers Tell Their Workers How to Vote?

  

  Election experts and lawyers say law specifically prevents employers from telling workers they could lose their jobs if they vote for a certain candidate.