Philanthropic Legacy

Posted on: 16th May 2023

Question

Your Philanthropic Legacy

BA/DSGN 413

There are many amazing things you can do with money, and one of the most impactful ways you can spend your money and your life is in giving it to others.

Part I: Charity

Read the attached selections from the Stanford Encyclopedia of Philosophy about altruism (https://plato.stanford.edu/entries/altruism/)

Do you consider yourself an altruistic person? In what ways do you already give to others? Where do you struggle to put others before yourself?

 

Next, review these two articles that address some solid charities:

https://www.consumerreports.org/charities/best-charities-for-your-donations/

https://www.forbes.com/lists/top-charities/#598209985f50

What do you notice about these lists? Are there organizations on here you recognize?

 

Search through these lists for at least 3 organizations that interest you and list them here:

1.

2.

3.

Now, take one of the organizations you listed above and search for it on each of these two sites:

https://www.charitynavigator.org/

https://www.charitywatch.org/

Then, write about your results:

What did you find out about the organization from each of these charity evaluation sites? How much of the money donated is used for charitable purposes? Are their overall grades high? Mixed? How are their results and effectiveness rated? Any other causes for praise or concern?

 

Part II: Philanthropy

Read the linked articles on some of the differences (and similarities) between philanthropy and charity, and look at the list of some of the folks who give away a lot:

https://www.investopedia.com/terms/p/philanthropy.asp

https://www.learningtogive.org/resources/philanthropy

https://www.forbes.com/sites/jenniferwang/2020/01/20/from-buffett-to-bloomberg-the-25-philanthropists-in-america-making-the-biggest-donations/?sh=47ae558d4e8f

What do you see as a key difference between charity and philanthropy?

 

What types of charitable or philanthropic organizations would you most like to support in the future?

 

Finally, think about starting your own philanthropic organization, and answer these six questions accordingly:

1. What would it be called?

 

2. Who would you want to support?

 

3. Where would you focus your efforts?

 

4. When could you start?

 

5. Why might you want to do this?

 

6. How could you get others to help?

 

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Solution

Philanthropic Legacy

BA/DSGN 413

There are many amazing things you can do with money, and one of the most impactful ways you can spend your money and your life is in giving it to others.

Part I: Charity

Read the attached selections from the Stanford Encyclopedia of Philosophy about altruism (https://plato.stanford.edu/entries/altruism/)

Do you consider yourself an altruistic person? In what ways do you already give to others? Where do you struggle to put others before yourself?

 I am an altruistic person. I have been giving to others, even before I knew that it was called “altruism.” This is because I grew up in a family where it was normal to give to others and help those in need, whether they were family members or strangers. This was reinforced by my school environment and the Buddhist teachings that I received in my childhood. For example, my parents taught me that we should not ask for anything in return when we give to others or help them out of a difficult situation. Instead, we should just be happy that we could help someone in need and enjoy doing so.

 Next, review these two articles that address some solid charities:

https://www.consumerreports.org/charities/best-charities-for-your-donations/

https://www.forbes.com/lists/top-charities/#598209985f50

 What do you notice about these lists? Are there organizations on here you recognize?

The first list is from Consumer Reports. It lists the top charities to give to, including several large globals and smaller local ones. It also includes some animal welfare organizations, which is important because animals are often overlooked when giving back. The second list is from Forbes magazine. It's a list of top charitable organizations by category, so there are different lists for different types of charities: health care, education, environment, etc. I chose this one because it seemed like an excellent way to find smaller local charities that might not be on the Consumer Reports list. I noticed many popular charities, such as the American Red Cross and the United Way. I also noticed some local charities I have never heard of before and would like to learn more about. 

 Search through these lists for at least three organizations that interest you and list them here:

  1. American Cancer Society 
  1. Easter seals
  1. Habitat for Humanity

 Now, take one of the organizations you listed above and search for it on these two sites:

https://www.charitynavigator.org/

https://www.chtyaritywatch.org/

 Then, write about your results:

What did you find out about the organization from these charity evaluation sites? How much of the money donated is used for charitable purposes? Are their overall grades high? Mixed? How are their results and effectiveness rated? Any other causes for praise or concern?

The American cancer society has a high rating of 85% on charitynavigator.org and 71% on charitywatch.org. The American Cancer Society is a good organization, which has been around for over 100 years, and it has helped many people with cancer. It has been rated A+ by the Better Business Bureau, and Charity Navigator gave the organization four out of four stars for its fundraising efficiency (Smith, Robert A., et al., 200). In addition, there have been no complaints about this organization by its donors or clients.

 Part II: Philanthropy

Read the linked articles on some of the differences (and similarities) between philanthropy and charity. Look at the list of folks who give away a lot:

https://www.investopedia.com/terms/p/philanthropy.asp

https://www.learningtogive.org/resources/philanthropy

https://www.forbes.com/sites/jenniferwang/2020/01/20/from-buffett-to-bloomberg-the-25-philanthropists-in-America-making-the-biggest-donations/?sh=47ae558d4e8f

 What do you see as a key difference between charity and philanthropy?

A key difference between charity and philanthropy is how they are motivated. Charities are run by volunteers and are often funded through donations (Osella and Filippo 20). On the other hand, philanthropy comes from the giver’s wealth or assets. Sometimes philanthropists will donate to a charity of their choice, but they often choose to start their organization or fund an existing one that aligns with their core values and beliefs.

 What types of charitable or philanthropic organizations would you most like to support in the future?

I would like to support the following types of organizations:

Non-profit organizations that help with education, such as Teach for America, or non-profits that help fight hunger and poverty.

I would also like to support animal welfare organizations such as Humane Society International or the ASPCA (American Society for the Prevention of Cruelty to Animals). 

 Finally, think about starting your philanthropic organization, and answer these six questions accordingly:

1. What would it be called?

“ Loving Kindness”

2. Who would you want to support?

 I would like to target people suffering from mental illness or addiction. I want to help them get the treatment they need to lead happy lives.

3. Where would you focus your efforts?

 I would focus on providing free treatment for those who cannot afford it themselves or who have exhausted all other options

4. When could you start?

If funding were no issue, I could start right away. However, since funds are limited, I would have to wait until we had enough money saved up before we could begin providing treatment services to those who need them most urgently

5. Why might you want to do this?

 I am passionate about helping others with mental illness because it is something that affects all of us in some way or another.

6. How could you get others to help?

 I would use social media platforms such as Facebook and Instagram to promote my cause and get people involved with helping out with different aspects of the project

Works Cited

Osella, Filippo. "Charity and philanthropy in South Asia: An introduction." Modern Asian Studies 52.1 (2018): 4-34.

Smith, Robert A., et al. "Cancer screening in the United States, 2019: A review of current American Cancer Society guidelines and current issues in cancer screening." CA: a cancer journal for clinicians 69.3 (2019): 184-210.

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