Tips to Philanthropy
It is not unusual that a person or company decide to pursue philanthropic efforts after having seen much success in their ventures. At some point you may find that all the years of success are not quite as rewarding as you had hoped if you cannot do something to help others. This is a lesson Bevans Branham CA learned early on as an entrepreneur and saw him instill the urge to work with the less fortunate within his children and other entrepreneurs he has worked with. A key aspect of philanthropy is in identifying a cause. In as much as you would wish to help everyone, you simply cannot do so responsibly. Focusing your efforts on a particular segment of society or cause can help you not only become informed in that subject, but also figure out the best ways you and your company can help.
Once you have a cause or focus group, then you need to identify existing charities to work with. Large charities tend to offer less recognition to donors but have more efficient systems to channeling the money to where it needs to go. With smaller charities however you will be likely well recognized, depending on the size of your donation, and you may have more say in where and how you want the money spent.
For a tougher scrutiny process, seek to check out reviews and compile research on the charities you are interested in supporting. This way you can learn about their specific mission and vision, and compare their finances. As an entrepreneur you should be know that the truth in the figures. Evaluating financials gives you an idea of how efficiently they run and the kind of impact your donation will have in supporting their efforts. They should also be able to respond to your request for literature on their work without it resulting in pressure being applied for you to donate. You should expect professionalism even in charitable organizations.