Here’s a few short tips from an interesting article from Money magazine on how some of the best philanthropists maximize effectiveness of their contributions.
BILLIONAIRES: Concentrate on a few key causes.
YOU: Write bigger checks to fewer charities.
BILLIONAIRES: Are businesslike about giving.
YOU: Plan out your giving for the year and take time to research charities.
BILLIONAIRES: Take their wealthy pals on a weekend retreat and hit them up for pledges.
YOU: Round up your like-minded friends and pool your charitable resources.
BILLIONAIRES: Establish lasting legacies.
YOU: Benefit by working giving into your estate planning.
BILLIONAIRES: Donate the fruits of their wealth.
YOU: Give away highly appreciated assets.
BILLIONAIRES: Have fancy foundations.
YOU: Can open a donor-advised fund to spread your giving over time.
BILLIONAIRES: Sit on nonprofit boards.
YOU: Give your time to your favorite cause.