Should we give to charity now, or later?

These brief remarks are for those who’ve asked me to summarize the main themes in my book,

What Your Money Means and How to Use It Well (Frank J. Hanna, III, Crossroad Publishing, 2008).

Let’s add to the questions we have to address if we are going to approach charity with the same rigor that we approach business: yes, I have more money than one family can use on itself, but should I give the rest away? If so, how much? And when? And how can I be sure?

Would giving substantial amounts today be good for my family, for my businesses, or even, ultimately, for the charities that would receive the money? You see, in twenty years I might quadruple the value of what I could give today. Should I give my wealth away today — or twenty years from now?

Maybe we should just sit tight: devote the rest of our lives to making money — which we do well — and then give it away once our earning ability ceases or we pass away. That guarantees charities the largest contribution.  We'll address this problem, too, in the coming weeks.

 

 

 

 

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