Advice from philanthropists

Some words of wisdom from the speakers at the Summit on Philanthropy:

  • If you have a vision, things flow along and follow that vision
  • Vision without execution is hallucination
  • A good project needs a strong emotional component
  • Protect your capital and grow your investment wisely over time
  • Philanthropy equals exercise and promotion of values — in other words, what are your passions?
  • Philanthropy is about investment of your time first (volunteer hours) and then your financial resources
  • To live, we must give back to others using our skills and talents in service
  • Philanthropy is a way of life, a way of thinking, not just a series of events — be willing to give the clothes off your back and help individuals become better people
  • Giving starts with us — diverting our daily discretionary funds (e.g., giving up our snacks/Cokes for a week and convincing others to do the same) toward community efforts
  • The way to build a charity is to start one
  • The best philanthropic project starts with your family — talk to your spouse/kids and get them involved; remember that “no” is just as important as “yes”; make sure it fits into your strategic life plans/vision
  • Nonprofit organisations must know the cost of raising funds
  • “Don’t sign up — show up!”
  • You don’t have to be Mother Theresa to have a positive impact on your community
  • Be civically obsessed and keep the spirit of giving alive and well
  • Projects successful because they came out of what the community wanted for itself
  • “If you want to go fast, go alone; if you want to go far, go together.” — African proverb
  • Your mission is to increase giving.  Why?  To strengthen the community.

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