Is your charitable giving plan upside down?

December 17, 2011 at 9:46PM

Robyn Schein of the Minneapolis Foundation says many people tend to have their charitable priorities all mixed up, supporting other people's passions through workplace fundraisers and charitable events before they fund the causes or issues they care about most. Here's a breakdown:

Obligatory gifts -- these are the Girl Scout cookies or candy bars you buy from a co-worker's child.

Social gifts -- the $20 pledge to your friend running for multiple sclerosis.

Strategic gifts -- these are planned donations to the causes you feel most passionately about.

Instead of first funding obligatory or social gifts, Schein recommends funding your passions and causes first. Imagine a pyramid: A properly balanced giving plan will have passions and causes as the base, and social and obligatory donations at the tip of the pyramid.

about the writer

about the writer

Kara McGuire

Columnist

See Moreicon

More from Business

See More
card image
Spencer Platt

The U.S. stock market roared back on Friday, as technology stocks recovered much of their losses from earlier in the week and bitcoin halted its plunge, at least for now.

Attendees of Frostbike made their way through the convention Saturday at the Quality Bike Products campus in Minneapolis. ] (AARON LAVINSKY/STAR TRIBUNE) aaron.lavinsky@startribune.com Frostbike 2016 was held at the Quality Bike Products Campus on Saturday, Feb. 27, 2016 in Bloomington, Minn.
card image