Over the past 4 years, I have dedicated an undetermined amount of time studying the meaning of success. Five hundred interviews, a hundred books, a couple dozen seminars, and several trial and error projects have taught me a lot – but never come close to revealing what the true ‘secret of success’ is. And chasing the proverbial ‘success’ for many people can cause a great deal of stress.
Find out how to position yourself in a trend that is creating more millionaires than has ever been created in the last 100 years. It is truly an exciting time for people in the 21 Century.
I know I sound terribly cynical. I am not saying that the pledge is a bad idea, that Richest people in the world should not decide to give, or that people should not sign the pledge. I am saying that it really will not have any great impact on giving in general and will have an even lesser impact on your particular charity.
It is likely that none of these individuals or their respective foundations will suddenly be open to your request for funding simply because they have now signed the Pledge. I am asked continually by clients and prospective clients how to take advantage of The Giving Pledge and tap into this resource.
Nobody, that’s who. If we really wanted to preserve these places, we would have encouraged families to put them in trust, together with a ton of money, to enable future generations to keep them up. Instead, President Franklin Roosevelt jacked up the federal estate tax from its initial 20 percent, when he took office, to 60 percent during the Depression and 77 percent during World War II. Such rates made it next to impossible for the families that owned Youngest Billionaires those Gold Coast estates to keep them. So the estates were sold from family to family until, eventually, nobody wanted to buy them anymore.
However, I would disagree that the Pledge will encourage a general spirit of giving amongst individuals who are not exceptionally wealthy. If anything, I believe it will decrease smaller donations and giving by everyday people because it creates the perception that there are now billions of additional dollars pouring into nonprofits.
They maintain good contacts with bankers, major suppliers, key clients, business associates, key leaders and employees. These contacts are kept alive and vibrant.