Good intentions are not enough
Caroline Piraud, Philanthropy Advisor
Global trends among wealthy philanthropists include education, health, arts, culture and sport, and the environment.…
“You don’t need a lot of money to be a philanthropist, because everyone has something to give. Everyone can be a philanthropist, even children.”
“The United Nations sustainable development goals are a great source of inspiration,” Caroline suggests. … Importantly, she reminds us about a potential pitfall of charitable work: “Remember to check with beneficiaries about what’s actually needed. No matter how well-intentioned, our outside-in perspectives don’t always match the reality of what’s a priority, most impactful or even beneficial”.
Your personal four-Ts
The next step on your personal philanthropic journey is to consider all of your philanthropic resources, beyond just the financial ones.
- Time: “Giving time is just as important as giving money” … there’s no shortage of tasks that need volunteers, such as shopping for those in a risk group.”
- Talent: Your combination of talent is unique to you. …it pays to cast the (skills) net much wider.
– guest entertainers
– meals trains
– mentorship seek diverse & knowledgeable mentors.
– gift treats to socially isolated neighbours
– musicians could host a fundraiser, and
– older kids could pass on skills they’ve mastered
- Treasure: … It’s about maximising the positive impact of what you can afford to spend, even if that’s simply aligning existing outflows with your cause, such as shopping small or local. …think broadly
- Ties: …screening your personal network of family, sports teammates, friends and work colleagues to see who you can join forces with.
…it pays to be as clear and structured as possible.
Know your goals, your personal focus and giving strategy, and check your actions are both impactful and positive.
…be as well-versed as possible on how to find the right partner or charity organisation, the pros and cons of local versus global engagement, how to effectively measure your impact and any tax implications”.
Once you’ve worked through these steps, it becomes clear that we’ve all got something to give, no matter our age or financial situation. The ability to turn your time, talent, treasures and ties into a positive impact for others is empowering. And, as Caroline continues to remind us, it’s never too early to get started.