This article was updated on January 13, 2015. See our editor’s note.
Pockets of extreme generosity can sprout in curious places. Exhibit A: the 60601 Zip code in the Loop in downtown Chicago.
Although overall giving in the Windy City declined 5.1 percent from 2006 to 2012 when measured against residents’ income, the folks in 60601 topped 15 percent.
It is possible that a single megagift or a few ballooned the percentage for the Zip code. But a more likely reason, according to Jamie Phillippe, vice president of development and donor services at the Chicago Community Trust, is that suburban baby boomers whose children have moved out of the house have moved back into the city, occupying its gleaming new luxury high-rises.
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