Maggie's Farm

President Obama, are you listening? Or, would you rather raise taxes and regulatory costs on smaller businesses?

The Chronicle of Philanthropy reports a study by the Fidelity Charitable Gift Fund and Ernst & Young that, not only do entrepreneurs create more jobs, entrepreneurs give more to charity than large, established companies.

Entrepreneurs give twice as much of their profits to charity as more-established companies, according to new research released today by the Fidelity Charitable Gift Fund and Ernst & Young.

Entrepreneurs, the study found, allocate a median of 3 percent of their corporate profits to charity. That is more than double the median 1.2 percent of profits found in The Chronicle’s latest corporate-giving survey of the nation’s largest companies.

Not only that, but "Nearly 70 percent said they started supporting charities while building their business, before it was successful."