I’m not Bill Gates. I’m not Oprah Winfrey or Warren Buffet. They donate a lot of money and are making a huge impact on the problems facing the world. But even though I don’t have their financial resources, the ones I do have are hard-earned and important to me. I’m not willing to just donate that money willy nilly hoping that some good comes out of it.
In fact, I can give like Bill Gates by following these two strategies:
- Do Research
When Bill Gates makes a donation, he has teams of people researching the problem and the organizations so that when he decides to act, he knows he’s going to make a huge impact on the problem.
Have you ever made a donation and didn’t bother to do any research? Me, too. I haven’t done research because I was too busy, it was too hard, I didn’t know where to look, or I trusted the reputation of the organization. But there’s been enough fraud and enough money spent on ineffective programs to know that research is really important.
A giving circle lets you leverage your time and spread out the work of doing the important research across the entire group.
- Donate A Lot of Money
Bill Gates is donating a lot of money, and the sheer volume of money that he puts towards a problem makes an impact.
But I don’t make large donations at one time. I’ll often just do $25, and so I don’t really feel like I’m making an impact on the problem. But who said we had to go it alone? A giving circle leverages your money so that you donate a lot of money together.
Maybe you can only give $25, but if you recruit 9 of your friends, then you just donated $250. If you did that every month, in one year you will have donated $3,000. Do you think that $3,000 is going to make a bigger impact than $25? You bet!
Best of all, a giving circle is a profoundly rewarding way to donate money. It’s more fun, because you’re sharing the experience with other people like you who care about the same cause that you care about. And when you’re involved with your donation dollars by researching, voting, and following up on the impact your dollars have made, you experience a whole other level of satisfaction. Donating money isn’t just a responsibility, a duty that we have, it’s a joy.
If you’re inspired to start a giving circle, The Champaign Giving on a Beer Budget EBook. This Ebook will walk you through the 4 steps to starting your own giving circle.
If you’re inspired to be a part of a giving circle, check out existing giving circles to connect with giving circles who are already working on issue that you care about.