January 24, 2012

Romneys Gave 16% of Their Income to Charity

Mitt Romney and his wife, Ann, gave more than 16 percent of their income to charity in 2010 and 2011, according to tax returns made public Tuesday

Mr. Romney, the Republican candidate for President, had been facing mounting public pressure to release his tax returns. Newt Gingrich, who is challenging Mr. Romney and others for the Republican nomination, disclosed recently that he had donated 2.6-percent of his income to charity in 2010.

According to the records released by the Romney campaign, the couple reported $21.6-million in income in 2010 and gave $3-million to charity. In 2011, they reported $20.9 million in income and made $4-million in charitable gifts.

Most of the Romneys charitable contributions over the two years were cash donations that totaled $4.1 million to the Church of Jesus Christ of Latter-day Saints. They also gave $500,000 to their family foundation, the Tyler Charitable Foundation.

The Romneys also gave about $2.4 million in noncash gifts to their foundation in 2010 and 2011, most of which were shares of Domino’s Pizza and the pharmaceutical company Warner Chilcott.

For more information on Mr. Romney’s record and positions, see The Chronicle’s examination of the charity records and views of the Republican presidential candidates.