What separates the ordinary from the extraordinary? I believe consistently doing the best with what you have with daily choices and actions. In a word: habits!
When you use the power of choice and habit, outside forces play a secondary role. It doesn’t matter how educated you are, what occupation you choose, how much you earn or who you know. What does matter is what you do with what you have today.
Habits Make the Difference
For instance, take Gladys Holm who, as a secretary, earned no more than $15,000 a year throughout her life. Yet she left $18 million dollars to a hospital for heart disease research when she passed away! Gladys had the opportunity to invest in her employers’ stock over her career and she did. She also had the opportunity to invest in other stocks (like all of us do) and she did. She had the opportunity to participate in her employer’s stock option plan and did. Notice the trend… she had many opportunities and took advantage of each one to the degree she could with her modest salary. She became known for driving her fire-engine red Cadillac and delivering teddy bears to children at a local hospital in her Chicago neighborhood.
The giving season is upon us, and at Janiczek we are blessed to work with and guide a number of charitably minded clients whose life long mission is to give back to their favorite charities and causes on a regular basis. While their generosity and intentions really don’t revolve around the tax advantages (it is more about the philanthropies they support), to give wisely is a great way to benefit both the recipient and the donor.
So what are the main reasons for making a charitable gift? That answer may be very different from one person to the next, but I would suggest some of the more common motivations would include the following: