June 11, 2015
Dollars are like stones. When you toss them at an organization, they can sometimes sink to the bottom like rocks in a lake. However, if you direct them in exactly the right manner, they skip across the surface, leaving a ripple effect of positive impact.
Although philanthropists are used to stones that sink, a growing number seek stones that skip, says David Gutzke, Wealth Management Advisor for The Private Client Reserve. “When you get toward the end of the road, you realize that it’s all about what you’ve done and what kind of life you’ve led,” Gutzke says.
That realization has persuaded many donors to focus on impact, notes Katherina Rosqueta, executive director of the University of Pennsylvania’s Center for High Impact Philanthropy. In the December 2014 issue of Money magazine, she says, “If you want to make a big impact, it’s not about the money you give. It’s about how well you give that money.”
Although many donors seek impact on a grand scale, those who want to make a difference may want to look locally instead of globally.
“If you really want to make an impact, one of the best ways to do it may be one life at a time,” says Mike Penfield, National Director of U.S. Bank’s Charitable Services Group.
Here are three compelling ways to make a direct impact:
It’s often said that children are the future. That’s why education is an ideal focus for philanthropists. Third-grade reading levels are a predictor of high school graduation rates and college attendance,