Monday, September 9, 2013
Last year, Warren Buffett alone gave away $3.084 billion to charity. Now, Buffett is teaching others how to follow in his footsteps and maximize charitable giving with his free online course, Giving with Purpose. One of the biggest takeaways from this course is a four-step process known as the RISE Framework for Social Change, which helps those wishing to give to decide whether a given charity merits their contribution.
- Relevance. Determine what motivates you personally to ensure your money will make a real difference.
- Impact. Make sure the money you are giving to charity as well as the time, skills, or outreach you are providing is going to an organization that actually has an impact.
- Sustainability. Invest in nonprofits that aren’t solely dependent on asking donors for more money.
- Excellence in Management and Operations. Observe the organization’s facilities, communications, and management to determine if the cause is being adequately addressed.
See Allison Kade, 4 Charitable Giving Tips from Warren Buffett, Forbes, Sept. 6, 2013.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.