People often wonder how it is that after harnessing the wealth-producing power of free markets in a free society, so many self-made millionaires have left a legacy of charitable foundations apparently dedicated to undermining the very principles and institutions which made their wealth possible.
Fortunately, Americans are such a generous people that of $250 billion in annual charitable giving, 75% comes from 225 million private individuals - far outweighing the donations of foundations. By adopting a strategic, investment-minded approach to funding, everyday Americans can amplify the impact of their charitable giving while supporting the values upon which our nation was founded.
As a professional in philanthropy, I find my desk filled with daily reminders of the old proverbial wisdom: "The road to hell is paved with good intentions." Most non-profit organizations market their good intentions to prospective donors, but good intentions count for little. You would not retain a stockbroker who produced mediocre returns for your investment portfolio no matter how good his intentions. Similarly, only high performance results deserve your charitable dollars.
A strategic donor must be ruthlessly demanding. In the absence of competitive market forces, the average non-profit organization is significantly less effective, less efficient, less innovative and more poorly managed than the average for-profit company. But if you seek impact with your donations, you must look for investment opportunities in organizations that are performance-driven and strategically aligned with your values. Myfavorite funding strategies also promote synergies and multiplier effects in pursuit of well-defined, principled objectives.
The top ten charitable gift ideas (linked) below prove that you can be ruthlessly demanding as a strategic donor and still get the warm fuzzies when you decide to give:
1) Wounded Warriors Disabled Sports Clinics
How can any American ever repay the personal debt we owe our fellow citizen soldiers who return from war irrevocably physically altered? Sun Valley Adaptive Sports is the leading organization serving the most severely wounded Service members nationwide: 4,500 with traumatic brain injuries, amputated limbs, spinal cord injuries, severe burns, and blindness. SVAS provides year-round disabled sports training ranging from alpine skiing, sled hockey and paragliding to hand cycling, rock climbing (in wheelchairs!) and kayaking. Donations cover the entire cost. (Make sure SVAS knows your donation is restricted to their programs for injured Service members.)
The power of this model goes far beyond the technical demands of physical rehabilitation to provide a kind of psychological and emotional skillset that can put these young veterans on a successful life path despite the deep trauma of life-altering wounds. In volunteering, these young warriors offer to yield us - if need be - the gift of their lives. Through this program, I believe we have the opportunity and the blessing to help restore those lives back to them. The expense of these disabled veterans sports clinics is tremendously cost-effective, but their value is beyond price.
2) Foundation for Defense of Democracies
The high-stakes mission of this exceptionally performance-driven organization is in the name. Their team consists of the most competent and professionally skilled set of professionals I have found in any non-profit. FDD's broad range of activities includes shutting down transmission of Hezbollah's TV network across Europe, training women from Afghanistan and Iraq to participate in representative democracy, providing fellowships to study counterterrorism with world-class experts, and supporting the work of Claudia Rosett who exposed the multi-billion dollar UN Oil for Food scandal.
3) Federalist Society for Law & Public Policy Studies
These unique law school based organizations were originally founded with help from the John M. Olin Foundation. Supreme Court Justices Scalia, Thomas, and Alito are all alumni. In the war of ideas, support for the national office, or one of the 170 law school chapters, is highly strategic.
I can't make a better case for the Federalist Societies than they make for themselves (But of course, they're lawyers...): "The Federalist Society has established a beachhead in the law for those who believe that the state exists to preserve freedom; that the separation of governmental powers is central to our Constitution; and that it is emphatically the province of the judiciary to say what the law is, not what it should be."
4) Public Interest Law Firms
If you are concerned about how our society is being re-shaped by contemporary judicial activism and the erosion of the founding tenets of personal liberty, then consider strategic support for one of the many public interest law firms aligned with classical liberal values. Whether your passion lies with school choice, property rights, freedom of religious expression, or elsewhere, here is a partial list of issue-focused non-profit law firms:
FIRE - Foundation for Individual Rights in Education
Institute for Justice
ACLJ - American Center for Law & Justice
National Right to Work Foundation
Second Amendment Foundation
Continued... |