Generosity is giving to nonprofits on a regular basis. It might include tithing to your church or synagogue or mosque or even giving monthly to the Salvation Army. But as we accumulate wealth, we begin to think about allocating more of our network to nonprofit causes. I call this philanthropy.
And here’s the problem: The people with the interest and talent to make the money don’t have the time to give it away intelligently. They want to be philanthropists but don’t know how to get started doing it.
Curt Cain, a former entrepreneur and fractional CFO, was approached by wealthy families to help them become philanthropists. In this interview, Curt shares what he learned, including the start of a methodology.
If you're thinking about moving from generosity to philanthropy, give this interview a listen. It will be well worth your time.
Watch the complete conversation.