Loading...Early Equity Release for Philanthropists
With an accumulated lifetime giving of US$46.1 billion, the nonagenarian Warren Buffet has pledged to give away more than 99 per cent of his wealth and is possibly the biggest philanthropist of all time – what a title to hold!
Not being ungrateful, but, those in need now will have to wait until he dies before they benefit from most of the donated funds. Is there a way to make it easier for super-rich philanthropists to share some of that equity before their will is executed?
Potentially a great idea – especially if they could estimate the average time of death (like they do with pensions) so any good Christian could give back everything they took before knocking on the pearly gates for God’s favor.
Interesting, I guess the last thing we want to do is wish ill on the rich amongst us. BUT with the current set-up, the sooner they die the better, if you consider the worthy benefactors that will die before being saved.
Not so fast…. rob/eat/kill the rich is now a thing for some.
I like how the Laudes strategy is designed to help accelerate the existing movement towards a climate-positive and inclusive economy. Which will help alleviate the need for charity.
Agreed, and from this article “Between the two extremes of billionaires’ charities and the public’s spare change exist a broad spectrum of philanthropists supporting a multitude of charitable concerns. To assist philanthropists in reaching those in need, community foundations have sprung up in some UK counties. For example, the work of the Essex Community Foundation involves “identifying common interests and developing strategies designed to bring philanthropists closer to the work of recipients.”