Real estate executive and philanthropist C. Frederick Wehba is encouraged by the recent rebound of the U.S. economy after years of uncertainty. Despite signs of recovery, however, charitable organizations have not been able to approach past levels of success. The average American family is unable to offer as much of their time and money due to the general strain on the economy.
When Americans suffered the ill effects of unemployment, the first expense to be cut from their budgets tends to be charitable giving. As a board member of several churches in the Los Angeles area, C. Frederick Wehba has found that his religious beliefs are a prime source of motivation when considering a philanthropic donation. A religious background can often provide a source of comfort and inspiration when deciding how to best distribute one’s financial offerings.
Researchers have performed numerous studies demonstrating religion as a key driver in one’s desire to make charitable donations and volunteer in the community. According to the study, “How America Gives,” certain states are more generous with their time and money. States with a higher concentration of Mormon residents - Utah and Idaho, for example – are also two of the biggest charitable contributors in the nation.
According to C. Frederick Wehba, the Church of Latter Day Saints promotes a long-standing tradition of tithing a portion of one’s income to the church. He reports that this tradition has been handed down through the years without taking into consideration the effects of the current economy. Other states that rated highly in the study also contained a significant population of evangelical Protestants.
With the worst times in the rear-view mirror, C. Frederick Wehba believes that citizens of the United States will overcome their difficulties and return to their charitable ways. Although donating a portion of one’s salary can be a challenging task, he has experienced firsthand how the benefits outweigh any of the drawbacks.