We’re all trying to slow the spread of SARS-CoV-2 and protect those at risk and philanthropists are in a unique position to help — but only if they have the ability to mobilize quickly, appropriately and effectively. If this global pandemic is teaching us anything, it’s that we can be responsive and flexible in the face of adversity—at a massive scale. Regardless of a philanthropist's focus, there are effective ways to soften the curve of crisis for grantees working to advance change.
Now, the best known philanthropist are usually billionaires because their gifts have a lot of zeros. Robert F. Smith who paid off all the student loans of the graduating from Morehouse College, Warren Buffett who is giving away his fortune to the Gates Foundation and John Rockfeller whose foundation is about the well being of humanity in the world.
The definition of philanthropist is to love humanity. Today, philanthropy means generosity in all forms. It is often defined as giving gifts of the 3 Ts (time, talent and treasure) to help make life better for other people. You do not have to be a millionaire or billionaire to be philanthropist. You can practice philanthropy by making a monetary gift, such as a donation to a cause you believe in.
Joining us for our discussion on What Is Your Charitable Philosophy? is Kris Putnam-Walkerly who is on the phone from her office in Cleveland Ohio. Kris Putnam-Walkerly is a trusted advisor to the world’s leading philanthropists, including families, private donors, foundations, Fortune 500 companies, and celebrity activists. She’s helped over 100 philanthropists strategically allocate over half a billion dollars in grants and gifts, and works closely with estate planning attorneys, financial and wealth advisors, and family offices to help their clients deepen their philanthropic commitments. She was named one of America’s Top 25 Philanthropy Speakers. Her latest book is the Delusional Altruism: Why Philanthtopists Fail To Achieve Change and What They Can Do To Transform Giving . Welcome to Mastering Your Money, Kris Putnam-Walkerly.