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Philanthropy: What You Need to Know to Donate Wisely

In: Tailored Wealth Management

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  • Niall J. Gannon

    (The Gannon Group)

Abstract

If done effectively and deliberately, giving money away can give you one of the strongest adrenaline rushes available to a human being. A philanthropic dollar can also give you one of the largest, if not the largest, returns on investment available. (I’ll cover the arithmetic of this later in this chapter.) The purpose of this chapter is to provide you with a 50,000-foot-view of the state of American giving so that you can make an informed decision as to how you will participate, or if you wish to participate at all. The 2017 Giving USA report produced by the Indiana University Lilly Family School of Philanthropy reported that Americans gave $390 billion to philanthropic causes in the previous year.

Suggested Citation

  • Niall J. Gannon, 2019. "Philanthropy: What You Need to Know to Donate Wisely," Springer Books, in: Tailored Wealth Management, chapter 15, pages 157-171, Springer.
    • Handle: RePEc:spr:sprchp:978-3-319-99780-3_15
    DOI: 10.1007/978-3-319-99780-3_15
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