The Chronicle of Philanthropy is a newspaper that covers the nonprofit world. Based in Washington, DC, it is aimed at charity leaders, foundation executives, fund raisers, and other people involved in philanthropy. The Chronicle of Philanthropy publishes 12 issues a year while updating its Web site daily. It was founded in 1988 by editor Phil Semas and then managing editor Stacy Palmer. It is owned by The Chronicle of Higher Education Inc., which also publishes The Chronicle of Higher Education, a weekly newspaper covering colleges and universities.
The Chronicle of Philanthropy is involved in research projects such as The Philanthropy 400, which annually ranks the nation's largest nonprofit groups based on the amount of money they raise, and The Philanthropy 50, which ranks the individuals who give the most money to nonprofit groups each year. According to a 2012 study by the Chronicle, the rich (those making over $100,000 a year) give a smaller share, averaging 4.2%, to charity than those poorer (between $50,000 - $75,000 a year), who give an average of 7.6%.