Giving away a portion of your wealth can be a highly personal decision. In light of this, we have selected several articles which we feel will offer some background about major issues that you should be aware of. Expenses are always a concern when gifting, so we have included some links which will allow you to judge whether a charity is using donations efficiently and is doing a good job of controlling their overhead expenses. We also think that you may want to take a look at some local charities as part of your giving plan. We have listed a basic selection of charities, which is by no means comprehensive, to offer some options for you to explore. If you have any other causes that you would like to see listed in this section, please let us know.
Breaking the Silence
New York Times – 3/18/2008
“Families have often avoided the discussion of inheritance, which involves both death and money. But as the nature of wealth in America changes, many people are beginning to talk more openly about their money and the purpose it has for them.” – John Leland
12 Key Trends and What They Mean for the New Giving Landscape
Millenium Communications Group Inc.
Changes in society will affect the future of philanthropy. Racial and ethnic diversity, international giving, and online donations are a few of the trends examined in this article. The article is presented in the form of a chart, which lists the trends and their implications for the new giving landscape.
With a Charity for Soldiers, Youths Make Recycling Pay
New York Times – 3/29/07
Two teenagers in Boston have raised $1 million for phone cards for American troops overseas by cashing in used cell phones.
What Should a Billionaire Give – and What Should You?
New York Times – 12/17/06
Peter Singer takes a close look at philanthropy. He examines our motives for giving, and whether or not we are truly being altruistic. Singer asks whether the rich have an obligation to give, and if so, how much. Bill Gates has given away approximately 35% of his wealth, yet he still tops the Forbes list of richest Americans. Has he given enough?
Donors have a responsibility to give careful thought to contributing financially to a foundation before actually doing so. They must ensure that their donations are well-placed, meaning that they are indeed supporting the cause of the organization in question, not its management. The websites linked below rate various charities in the efficiency of their operations.
Former hedge fund managers study charities and rank them on their effectiveness.
American Institute of Philanthropy
Lists charities by subject, and grades them according to financial criteria.
Better Business Bureau Wise Giving Alliance
Reports on charities according to 20 financial and governance standards.
Rates charities based on financial criteria, including financial efficiency.
Lists financial and program information for over 1.5 million nonprofit organizations.
Buffalo City Mission
100 East Tupper Street
Buffalo, NY 14203
Food Bank of Western New York
91 Holt Street
Buffalo, NY 14206
2515 Bailey Ave.
Buffalo, NY 14215
NativityMiguel Middle School of Buffalo
21 Davidson Avenue
United Way of Buffalo and Erie County
742 Delaware Avenue
Buffalo, NY 14209
Hauptman-Woodward Medical Research Institute
700 Ellicott Street
Hunter’s Hope Foundation
P.O. Box 643
Orchard Park, NY 14127
Roswell Park Alliance Foundation
P.O. Box 631
Buffalo, NY 14240
Niagara Aquarium Foundation
701 Whirlpool Street
Niagara Falls, NY 14301
SPCA Serving Erie County
205 Ensminger Road
Tonawanda, NY 14150
Catholic Charities of Buffalo
525 Washington Street
Jewish Foundation of Greater Buffalo
787 Delaware Avenue
Buffalo Fine Arts Academy
1285 Elmwood Avenue
Buffalo, NY 14222
Buffalo Philharmonic Orchestra
499 Franklin Street
Buffalo, NY 14202
Western New York Public Broadcasting Association
P.O. Box 1263