Romney gave how much to charity

Mitt Romney's tax returns reveal that he gives significant amounts of money to charity, partially because of his ties to the Mormon church, whose members are expected to tithe 10 percent. January 24, Mitt Romney makes a lot of money. But he and his wife, Ann, also give away a significant amount of their wealth to charity and especially their church.

On Tuesday, when he released his income tax returns, Mr. While Romney is not thought of as a great philanthropist, his rate of giving is considered high. A typical person gives 2 to 3 percent of their income. According to the church, members are expected to tithe 10 percent of their income.

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Get the Insider App. Click here to learn more. A leading-edge research firm focused on digital transformation. Good Subscriber Account active since Shortcuts. Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. By Mark Hosenball , David Henry. But against the backdrop of a Republican presidential campaign in which Romney is being pressured to reveal his tax returns and further details on his vast wealth, the donations shed light on the tax strategies of Romney and others at Bain Capital, the private equity firm he co-founded in Romney, a former Massachusetts governor, is the early frontrunner in the state-by-state contest to pick a Republican candidate to run against Democrat Barack Obama in the November presidential election.

Filings with the U. The SEC records, which cover a period from to , reveal several donations worth millions of dollars of stock in Bain deals to the Church of Jesus Christ of Latter-day Saints. The records do not say precisely how much was donated by Romney. His staff acknowledges that Romney, who has been active in the Mormon Church, has donated stock from Bain deals to the church but would not say how much.