you, me + legacy: 3 pillars of giving

here’s a simple idea to begin mindful giving. it became clear to me through a conversation with my friend and fellow philanthropy maven, arlene that started on our drive to the beach and was still going on during the ride home two days later. it  borrows from the model of managing one’s  money (i learned it as a formula for what to do with money i receive as a windfall):  a third in savings, a third to pay off debt (if no debt-towards a major purchase), a third to spend in the present.

these are the three pillars of giving:  a third to the most urgent causes in your community (or globally), a third to causes you care about, a third to invest in a legacy.

the first two thirds are straight forward. they give you the opportunity to support both what is personal to you and to remove your ego from the equation, to give selflessly acknowledging yourself as merely a vessel for contributing to the greater good.

the goal of the final third, legacy, is to seed the future of philanthropy. if you have children you might use the final third of your donation funds to engage your children in choosing where and how much to distribute. If you have no children you might create a managed fund that annually supports both your choice of organization(s) and the current  pressing needs of society once you die. You might also support  one of the  youth philanthropy organization that teach teens philanthropy through practice making choices and donating as a group.

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One Response

  1. Nicely stated! we need to get together soon.

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