What do I consider philanthropy?
For me, it is the budgeting of a percentage of my family’s financial resources, donated yearly to nonprofits that are pursuing missions we agree are important and are being done well. My personal time and volunteer efforts may come along with this financial support (statistically, many people do give more to nonprofits where they volunteer), but it is not guaranteed. My husband jokes that I work more hours than he does in his full-time job, but mine are much more variable!
You have limited resources and only you can decide what is the best way to use them!
I started thinking of myself as a philanthropist through my work with Impact Austin. This is a collective giving group that gathers 500 or more women together who donate $1250 ($1000 to grants and $250 to overhead) and cumulatively give out half a million dollars or so a year in high-impact, targeted grants to nonprofits in the Central Texas area. Sounds kind of magical, doesn’t it? Few of us are wealthy, some are budgeting each month to make their yearly commitment, but most of us are in the middle. We can write that check but it definitely takes away from other charitable things we could do.
Why do women choose Impact Austin? Continue reading