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Many people believe that money is the root of all evil because it tests the limits of humanity. However, money is just a tool, and in the right hands, it can be a source of hope—an investment to a better future.
This thought might be what runs in the minds of those who have given away a significant portion of their hard-earned money to different causes, from saving rainforests to fighting drug abuse. These people view money as more than just a means for them to enjoy the good life. To them, it is a tool for making a difference by investing on relevant causes and leaving a legacy of hope for the betterment of their fellow men.
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Many people believe that the rich only give so that people will remember them. And while it is true that some give to charities or do volunteer work so they could be noticed, many have shunned the spotlight, preferring to remain unnoticed. Chuck Feeney, an Italian-American billionaire, is one such person. He spent the last 30 years giving away over $7 billion that he amassed from selling liquor, perfumes, and cigarettes in his empire of duty-free shops. His donations are aimed to support different causes in education, science, health care, aging, and civil rights in many countries around the world.
Mr. Feeney is a shining example than many young philanthropists should aspire to become. Giving should not only be seen as charity but also as an investment toward a bright future for all of humanity.
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Alex von Furstenberg is a member of the board of directors of the Diller-von Furstenberg Family Foundation, an organization that aims to positively impact the world by improving people’s lives and strengthening communities. You can visit this website to learn more.
