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Posts Tagged ‘generosity’

The challenge of giving away your money

In behavior, culture, education, life, Money, US on June 3, 2014 at 2:45 am

By Caitlin Kelly

images-3

Interesting piece in The New York Times recently about a college class that teaches students about philanthropy:

Vinay Sridharan must make it through microeconomic theory and the writings of Proust before the end of his senior year at Northwestern in June. But in one course, the final project is far less abstract: give away $50,000.

It is also far more difficult than it may seem.

This course in philanthropy, endowed with a grant from a Texas hedge fund manager, requires students to find and investigate nonprofit organizations and, if they stand up to scrutiny, give them a portion of the five-figure cash pot.

“I didn’t realize they had real money to give,” said Margaret Haywood, the director of work force development at the Inspiration Corporation, a Chicago charity that received $25,000 from the Northwestern students last year.

The workshop — and others like it that have sprung up in the last few years at a dozen universities, including Harvard, Stanford, Princeton and Yale — offers a real-world experience of philanthropy that is rare in the cloistered halls of academia, and which otherwise is reserved for institutions and the affluent.

If you are fortunate enough to have income, and savings, beyond that needed for immediate basics — food, housing, health care, education, transportation, clothing — the question quickly arises:

How much, to whom and when will you give some of it away?

My working trip to Nicaragua in March with WaterAid, (which I blogged about here), introduced me to a terrific woman who is passionate about philanthropy and who blogs about it, Jennifer Iacovelli Barbour. Mother of two small boys, Jen lives in Maine — and the first time we met was in the Atlanta airport enroute to Managua, soon to share a small van in 95 degree heat for 12-hour days for a week. We had a blast!

Jennifer and I at Bilwi airport, after arriving in a 12-seater airplane.

Jennifer and I at Bilwi airport, after arriving in a 12-seater airplane.

It was such a tremendous pleasure to spend time with people who care so deeply about the work they are doing, and whose work is changing people’s lives for the better.

I also wrote recently about this question of legacy for the Times:

The decision-making process should begin with some philosophical questions, said Isabel Miranda, a partner in the Bloomfield, N.J., law firm Pearlman & Miranda. Ms. Miranda, a former bank trust officer, now specializes in helping clients plan their wills, trusts and estates.

“Who do I owe my success to? What values do I want to reflect? How do I want to pay back the organizations I believe in?” she said.

The subject is an interesting one, since not everyone has children to leave their assets to — we don’t and nor are we close to young cousins or nieces or nephews — and we’ll need to make thoughtful decisions about who are the best stewards of our hard-earned dollars.

In my case…I’m still not sure.

One organization I am passionate about, which supports the work of journalists who cover traumatic issues (war, violent crime, health, conflict) and helps them recover afterward is the Dart Center, so they’re on my radar already.

Sorry to say, I doubt my alma mater will get anything, as I found it sadly impersonal and bureaucratic, even if I did get a decent and affordable (Canadian) education.

One charity I now support with my time and skill is the Writers Emergency Assistance Fund, which can grant up to $4,000 within a week to qualified non-fiction writers facing financial crisis. Please donate here!

Do you make charitable donations?

To whom and why?

 

 

Is being generous a smart move? (Is being a tight-fisted (^$@#*#?)

In aging, behavior, blogging, books, business, journalism, life, Media, urban life, US, work on April 1, 2013 at 12:04 am

Is this really a question?

Apparently so…

From the cover story in this weekend’s New York Times Magzine, (for you non-journos’s, a spot so visible and prestigious some writers would {and possibly have} kill for).

It profiles Wharton professor Adam Grant, 31, whose compulsive generosity seems a little…weird…to the writer, who is, (I met her, competing on the same story), ferociously ambitious and competitive:

Grant might not seem so different from any number of accessible and devoted professors on any number of campuses, and yet when you witness over time the sheer volume of Grant’s commitments, and the way in which he is able to follow through on all of them, you start to sense that something profoundly different is at work. Helpfulness is Grant’s credo. He is the colleague who is always nominating another for an award or taking the time to offer a thoughtful critique or writing a lengthy letter of recommendation for a student — something he does approximately 100 times a year. His largess extends to people he doesn’t even know. A student at Warwick Business School in England recently wrote to express his admiration and to ask Grant how he manages to publish so often, and in such top-tier journals. Grant did not think, upon reading that e-mail, I cannot possibly answer in full every such query and still publish so often, and in such top-tier journals. Instead, Grant, who often returns home after a day of teaching to an in-box of 200 e-mails, responded, “I’m happy to set up a phone call if you want to discuss!”

Grant suggests we each fall into one of three categories: takers, matchers and givers.

Givers give without expectation of immediate gain; they never seem too busy to help, share credit actively and mentor generously. Matchers go through life with a master chit list in mind, giving when they can see how they will get something of equal value back and to people who they think can help them. And takers seek to come out ahead in every exchange; they manage up and are defensive about their turf. Most people surveyed fall into the matcher category — but givers, Grant says, are overrepresented at both ends of the spectrum of success: they are the doormats who go nowhere or burn out, and they are the stars whose giving motivates them or distinguishes them as leaders…The most successful givers, Grant explains, are those who rate high in concern for others but also in self-interest. And they are strategic in their giving — they give to other givers and matchers, so that their work has the maximum desired effect; they are cautious about giving to takers; they give in ways that reinforce their social ties; and they consolidate their giving into chunks, so that the impact is intense enough to be gratifying.

I find this question of professional generosity interesting — and always have. I’ve been a giver for decades.

Grants

Grants (Photo credit: Steve deBurque)

Oh, I’ve seen the looks of confusion or bemusement or pity when American colleagues — big-time takers, highly skilled matchers — see me giving away my time, expertise, contacts or skills.

The idea of actually helping a potential competitor best me, at anything, marks me, in zero-sum America, as slow-witted, a rube, someone who simply doesn’t know any better.

The default position, certainly in journalism in New York City, is to stab everyone in the eye who stands in your way and suck up really hard to anyone you think could possibly advance your career.

Trick is — which one is which?

The old farts who used to rule this town journalistically are all desperately trying to re-invent themselves at 55 or 63 or 47, while the 23-year-olds are running the ship. Even A. J. Jacobs, a 38-year-old best-selling author, only half-jokingly, describes himself as “doddering.”

So I make a point of being nice to some people half my age — these days, in my industry, they’re the ones with jobs and work to hand out!

I also give away my time far less often than I used to, I admit. I’ve watched some people I once helped skyrocket to positions of power and acclaim. And, yes, it pisses me off that they’ve never once thought to reciprocate or even drop a “Thanks!” email or note or call.

But that just tells me what sort of selfish ingrates people they are.

In my view, helping someone succeed (intelligently), doesn’t mean choosing a life of ramen and homelessness. It means we both get to celebrate success, maybe not at the same time.

It does mean having the self-confidence you, too, will succeed. So, for me, being helpful is also a powerful measure of confidence in what I can do, and have done. And will still do.

I’ll still extend a helping hand whenever and wherever it feels right.

Because — it feels right. Helping others, judiciously, is the right thing to do.

Do you help others professionally?

Which one of the three are you?

An Angel — At The Mall

In behavior, business, cities, Health, men, music, Technology, urban life, women, work on December 12, 2010 at 8:39 pm
the city of angels

Image by marie-ll via Flickr

“I’m scared,” my mother said last night.

She was on the ward phone in the hospital in a faraway city where she has been for the past three weeks, now facing bowel surgery.

There isn’t much very comforting or helpful one can do, from a distance, to soothe fear.

I know she likes to listen to music and asked if she had a radio, as she loves listening to classical music on her terrific set at home. She did not.

I picked a store a random, one of a huge national chain of electronics stores, choosing one in a downtown mall. The manager, Dean, quickly got on the phone to help me try to buy a small radio, but the payment — her in Canada, me in the U.S. — wouldn’t go through online.

“Let me make this my Christmas present to you both. I’ll take it over to her tonight. I’ll pay for it myself. Don’t worry,” he said.

A stranger called at random, his father had been ill and now, he said, he knew what this was like and wanted to help.

And he did it, that night, taking a radio he bought and paid for to a stranger’s mother he had never met. He emailed me to tell me he had put in batteries, showed her how to use it and “left her with a big smile.”

So said his email to me, sent three hours after I’d called him, 30 minutes before closing time on a busy Saturday night.

I couldn’t quite believe it. But he did it and my Mom was thrilled.

I am amazed, stunned, deeply grateful for a stranger with so wide and deep a heart.

There are angels, even at the mall.

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