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Millionaires harts of gold



Whether for tax benefits, because of personal tragedy or just from having a heart of gold, many millionaires give away money. Some have given away nearly everything they own, while others manage to give while still maintaining their personal wealth. Either way, it's fascinating when millionaires give away their money, and the rest of us imagine what we would do if we were in the same position.

Significance

Millionaires who give away money have the power to change hundreds of lives or make a significant impact in a community. While small donations certainly add up and also make an important difference, when a millionaire gives away money, there is usually an immediate result. The donated money can have long-term effects, such as sending students to college, providing homes and food for the less fortunate, or giving someone in unfortunate circumstances a "leg up." In many cases, those who have benefited from the money go on to become successful and in turn donate their time or money, continuing the work set in motion by the millionaire.

Types

Millionaires who give away money do it for a variety of reasons or a combination of reasons. These donations may be made for tax relief purposes. In this way, wealthy individuals can have a more direct say in how their money is used, and it also benefits a nonprofit organization. Some millionaires give money away because they have been affected in a personal way by a disease or situation. For example, a millionaire with a family member diagnosed with breast cancer is likely to give away money to help with cancer research or that helps breast cancer victims afford treatment. Some millionaires give money to those in less fortunate circumstances because they believe it is the right thing to do. They recognize that they have been fortunate and have the ability to help others.

Effects

When a millionaire gives, the donation tends to snowball. Not only are others encouraged to give more, the purchasing power of the organization or recipient increases, which makes all of the donated dollars go further. In addition, retailers and suppliers like to get in on the act when a well-known millionaire donates, and stores or manufacturers will often donate products and services to go along with a millionaire's donation. A wealthy donor may also provide the seed money for a fund-raising event, paying for advertising, space rental and other costs associated with a fundraiser, making every dollar stretch even more.

Considerations

Before a millionaire gives away money, he will often investigate the organization he intends to donate to and carefully consider how the money will be used. Like everyone else, he wants to be sure that the money will be used for its intended purpose and that it will be spent carefully. The amount of tax saved through donation is also a popular consideration, as is who will actually benefit from the money.

Misconceptions

While the rare few millionaires who give away nearly everything they have should be recognized for their generous nature, there is a common misconception that those who maintain their wealth don't give as much. By maintaining their wealth, millionaires who give only a portion of their income are able to continue to give year after year and often in greater and greater amounts. Over a lifetime, a millionaire who holds on to his wealth is likely to give far more than a millionaire who gave everything he had.




9 comments :

  1. We are a family of nine! My name is Frank Wright! I need a hand up in providing for my wife and children! We are.doing our best but sometimes thats not enough!

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  2. Hi, I 've been married twice, my first husband was in a car accident and is currently in a institution for brain damaged people. I re married and lost him to cancer. My son is 18 , he was 4 years when his dad died. I would love to give him an education, but are in debt allready. Any amount would be helpfull! I thank you for the chance of making my plea and use the law of attraction. Thus far, I have my possitive attitude! Thanking you. God bless

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  3. My name is melissa. I'm writing to everyone on this site. Because Im hoping. Someone gives me a chance. I need a miracle.. so if you could please call me at 347-367-1078 and I'll tell you mystory :)

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  4. My husband and I both used to work for the government, before they decided to sack about 14,000 people. My husband lost his job and the struggle has never ended. My daughter badly needs speech pathology, which is quite expensive. We are doing all we can to get her the help she needs, with all the debt we've encountered it's quite hard. $50,000 would definitely change our lives, give us the help we need and get us out of debt!
    jni22707@iinet.net.au

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  5. This comment has been removed by a blog administrator.

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  6. I am Ugbele i came from a family of three wives and so my mother first but my father he does not cares about my mother and her children and i am trained in luggage and box business so i need up to 3,000,000.00 to start the distribution business so that i can take care of them. This is my no. 08093212878 email nnadiebuka63@yahoo.com

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  7. Please allow mw to thank you for this chance to be heard. If you have ever heard the phrase "give a man a fish and you feed him for a day....", perhaps you will understand this. I know how to fish, I simply need the gear. After raising 5 children mainly alone, I find myself a drain on them and need to change this. I cannot work standard jobs any more. I have been writing songs & comedy skits for several years but need music, equipment and medical equipment. Please understand I have tried to do this alone, but after 8 years of freezing in the winter with only space heaters, scrambling around in a wheelchair trying to catch enough rain water to flush the toilet when the water is shut off again, and living with no bathing facilities, I am at wits end. Working dilligently to pay things off, I have reduced thousands of dollars in debt to hundreds, but keep getting waylaid by some new trouble. There isn't enough money for medical copayments or I could get medical equipment through insurance paid by my disabled estranged husband's retirement plan. He pays my cel phone bill and gives me $250 monthly. Please contact me if you find you can help me in one of two ways: $4,000 would pay immediate debt so charges stop building, buy building materials to repair plumbing, and three doctor's visits to provide proof needed to obtain medical equipment and apply for disability, but I would rather work. $25,000 would pay debts, fix the plumbing and put me into business for myself as well as repay my daughter a little of what she has paid for me so she can buy school books, etc to attend nursing school with partial grants. She is supporting a disabled husband and a son. Either way would be greatly appreciated. songsalieri@gmail.com

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  8. Ineed a sponsor to build a apartment.i dont have money to build a apartmen,but a have a vacant lot.pls someone help me

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  9. I am trying workinghard but got in a hole. Some short weeks. Car is behind and they gonna repo. Need to catch up payments. Already behind on rent and other bills. So need help. Only last few car payments left.please help.

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