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California mints the most billionaires. A new index ranks it dead last on the freedom to give to charity
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Yahoo News - Latest News & Headlines
California is home to more billionaires than any other state: 246 of them to be exact, according to an April report by Oxfam.
Yet somehow it's actually the worst state in the country to be a donor, according to an index by Philanthropy Roundtable.
On the report's donor confidence measure, which tracks tax treatment, donor privacy, and legal protections for donor intent, California scored 0.88, the lowest in the nation by a wide margin.
But it's worth noting where he landed: Texas ranks 6th on the same index, 44 spots above the state he left.
The rules the index penalizes, in other words, haven't stopped the country's biggest donors from giving in California.