Carol Weisman, author of Raising Charitable Children, offers some truly sage advice for people who are just launching their philanthropic activities or who are trying to help their kids discover their charitable interests.

Weisman suggests that two questions can at least open your mind to possibilities. As yourself, she suggests (or ask your family members): “In the last year, what made you happy?” and, “In the last year, what made you want to cry?”

She tells an amazing story about how this method worked for one family. . . . Read the rest of this entry »

At the Generous Giving conference we attended back in April, they gave us a sheet titled “Journey of Generosity.” It’s intended as a self-diagnostic–Where are you, really, in your journey toward generosity?–and includes three suggested “stages” in the journey: from “Emerging Giver,” through “Maturing Giver,” and, finally, to “Generous Giver.”

On the back of the sheet, then, there is one more category of person, not exactly parallel with any of the first three. This category refers to people who are motivated to help others become Generous Givers: “Giving Champions”–i.e., not people who wow others by how much they give, but, rather, people who are committed to championing the cause of charitable giving. Read the rest of this entry »

Five questions, in order, will give you a broad-stroke-overview understanding of the legacy planning process. A few additional questions help clarify. Read the rest of this entry »

Do North American evangelical Christians really believe in heaven? Not if you look at their behavior, says one speaker. Here’s his evidence.

I’m at the The Seed Company‘s President’s Forum. Great stuff coming out.

One of the speakers spoke provocatively: “Based on their giving patterns, American evangelicals do not believe they are going to heaven.” Read the rest of this entry »

In business you’re told to find a niche and fill it: define clearly what you’re all about, and focus on that one thing. I believe it should be similar when it comes to charity.

I met today with a guy who has given several million dollars to a number of charitable causes over the past 25 years or so. He told me his story. Maybe one day I’ll share it here.

But in the midst of all the other fascinating things he told me, one thing stuck out above all else: he knows his charitable niche. Read the rest of this entry »

What do you get from the following personal letter Sarita and I received Monday from the president of one of the charities we support? I believe it raises some strategic questions major donors ought to be thinking about as they fund their favorite charities. Read the rest of this entry »

Patricia Sellers, editor-at-large for Fortune magazine has written an inspirational and thought-provoking article about Melinda Gates and her perspective on Bill, working with Warren Buffett, and giving away their billions.

Just so you understand what, exactly, we’re talking about, let me note:

The Bill & Melinda Gates Foundation has assets of $37.6 billion, making it the world’s largest. In that total is $3.4 billion that Warren Buffett has already given, and still to come are nine million Berkshire Hathaway B shares, currently worth $41 billion, that he has pledged to contribute in coming years. Assuming that Berkshire (BRKA, Fortune 500) shares continue to rise and that the Gateses continue to bestow their own wealth on their foundation, Melinda and Bill will very likely give away more than $100 billion in their lifetimes. Already the foundation has disbursed $14.4 billion – more than the Rockefeller Foundation has distributed since its creation in 1913 (even adjusted for inflation).

Anything to be learned from someone like Melinda?

Here are a few of my take-aways: Read the rest of this entry »

I wrote a post in which I referenced the “50% of AGI Barrier.” I realized maybe some of my readers would be unaware of what I was talking about.

First of all, a definition.

AGI is Adjusted Gross Income–the basic number on which the IRS calculates your income tax.

The “50% Barrier” refers to the fact that the US tax code permits you to give up to 50% of your AGI to approved charities and claim a deduction. Gifts beyond 50% of AGI can be carried forward for deduction in the future–up to five years.

A great benefit, indeed. However . . . Read the rest of this entry »