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Success Recipe: Why Rich, Smart People Give Away Wealth

There is more honour in giving than receiving. The late Mother Theresa committed her life as a charitable person to make a difference to hum...

There is more honour in giving than receiving. The late Mother Theresa committed her life as a charitable person to make a difference to humanity.

The departed Catholic joins the heroes and heroines who sacrifice everything for their beliefs. The bible chronicles how Jesus Christ gave his life for the salvation of sinners.
By @Comic24Derick

During the war, soldiers fight for their nations with their lives. Billionaires such as John D. Rockefeller and Warren Buffet are known for giving large sums of money to charity.

Philanthropy is hereditary

“My grandfather, along with Carnegie, was a pioneer in philanthropy, which my father then practiced on a very large scale.” – David Rockefeller.

Generosity can be copied from others, and how they managed it. For Darell Hammond, being born in a broken-up family and later staying in a group home introduced him to philanthropy.

The charity Boom

“I was raised in a group home for 14 years, so I was a beneficiary of philanthropy. I didn't have a family. The nameless, faceless strangers were my family,” said the KaBOOM! founder.
During the war, soldiers fight for their nations with their lives. (Image: Pixels)
Hammond added: “They gave me an education, put food on the table and clothes on my back. I am who ai ma because of that formative experience. Now I am paying it forward.”

KaBOOM! helps communities build playgrounds for children. In 2001, his memoir KaBOOM! How One Man Built a Movement to Save Play, tracing his early childhood until he became a CEO, was on New York Time’s best-selling list.

Honor is for givers not takers

As the 30th president of the United States, Coolidge served his nation diligently, earning the reputation as a man of decisive action. “No person was ever honored for what he received,” mentioned Calvin Coolidge. “Honor has been the reward for what he gave.”

While other entrepreneurs are competing to accumulate wealth, Jack Ma does not compete with Bill Gates on wealth accumulation, rather he aims to surpass the Microsoft founder on who spends money wisely and becoming a better giver.

“The competition between me and Bill Gates, probably: Who can spend money effectively that can do better philanthropy,” said Jack Ma, founder of the Jack Ma Foundation (JMF) in 2014, focusing on entrepreneurship, education, women’s leadership, medical support, and environmental protection.

Charity and philanthropy difference

“There’s a big difference between charity and between activism philanthropy,” Eva Longoria was quoted saying. “They’re very different things and I think, you know, everybody should find a passion or a cause that they can really get behind, but it has to be organic.”

Besides Eva’s Heroes, a charity that supports developmentally disabled children, the actress focuses on migrant workers, poverty, and cancer awareness. Philanthropy, according to her, is when you do something on your heart, responding to your calling, while charity is the ordinary way of giving.

Believe in what you do

The Open Society Foundations invest in the freedom of expression and good governance. In supporting these, initiatives, George Soros is motivated by his vast wealth, and the belief to change humanity but he does not seek a good standing in the community.

“I’m not doing my philanthropic work, out of any kind of guilt, or any need to create good public relations. I’m doing it because I can afford to do it, and I believe in it.”

Philanthropists are creative

To yield results, serious philanthropists invest time and resources in their activities, Bill Gates, who runs the successful Bill and Melinda Gates Foundation said. For the past 20 years, has greatly transformed humanity.

“Effective philanthropy requires a lot of time and creativity – the same kind of focus and skills that build a business empire.” – Bill Gates.

You must embrace your philanthropic responsibility wholeheartedly. Remember the less privileged in your community, are part of your responsibility. Philanthropy is not just splashing out money, it demands the financial and entrepreneurial discipline to be effective.

Global philanthropy definition

“Philanthropy is not about money. It’s about using whatever resources you have at your fingertips and applying them to improving the world.” – Melinda Gates. Bill and Melinda Gates are on the long philanthropist list in the business community.

“I’ve always said that the better off you are, the more responsibility you have for helping others,” Carlos Sim said. “Just as I think it's important to run companies well, with a close eye to the bottom line, I think you have to use your entrepreneurial experience to make corporate philanthropy effective.”

Eli Broad explains philanthropy as an innovation, that demands extra effort to bring meaningful change to the targeted beneficiaries.

“Charity is just writing checks and not being engaged. Philanthropy, to me, is being engaged, not only with your resources but getting people and yourself really involved and doing things that haven’t been done before,” the late investor said.

The thin line between love and hate

“The goal of my shows, my interviews, my business, my philanthropy, all of it, whatever ventures I might pursue, would be able to make clear that what unites us is ultimately far more redeeming and compelling than anything that separates me.” – Oprah Winfrey.

Kindness is fulfilling – it liberates the soul and unites people.

Philanthropy is rewarding

David Fahrenthold knows good deeds will be rewarded in due course. “So many rich people, when they get into philanthropy, they have one thing they like or several things they focus on,” the American journalist wrote. 

“They pick a disease or a college or some kind of non-profit. They produce good results through that cause, but also they get recognized; there's some sort of monument to what they did.”

Giving is fun

Larry Fitzgerald, considers traveling around the globe for philanthropic activities as an amusement that brings the best of his character.

“I really enjoy my philanthropic work, traveling around the world and helping people in need. That’s a lot of fun for me. It's really rewarding,” said Fitzgerald

“You’re helping people, but it's helping you, too. It puts life in perspective when you come back and you say, ‘Man, it's raining again in Minnesota,’” Fitzgerald added.

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