Friday, July 18, 2014
Wealthy Should Be Encouraged Not To Start Giving Sooner
Encouraging wealthy people to start giving away their money earlier in life "could prevent today’s urgent problems from becoming larger, more entrenched, and more expensive challenges later," according to Christopher G. Oechsli, President and CEO, The Atlantic Philanthropies.
In an op-ed in the Chronicle of Philanthropy, Oechsli, writes, that "age should not be the determining factor," for when to begin giving money away. He adds that "philanthropy, no matter when one starts, will yield successes and failures that offer lessons for one’s future giving. Effective philanthropy is not an easy undertaking, and postponing one’s engagement can mean postponing effective giving."
In keeping with the intent of Atlantic's founder Chuck Feeney, the foundation will make its last grant in 2016....