During my MBA, we learned that one way to truly measure the priorities of a firm is to see where their resources go. Meaning, a firm may say that employees are their first priority, but if they don’t spend on compensation packages, benefits, etc. then their stated priority is likely not their actual one. Time is and people is another way to measure resources, so the fact that the 3 largest departments of the US government are: the department of defense, veterans affairs and the department of homeland security shows clearly that the government values security.
So – when people put a large amount of their personal resources into charity, it really opens my eyes and impresses me. It shows that they not only say they care, but they are willing to put their resources into caring. The first person I saw giving was Dr. Brenda Milner, a research scientist who gave to the Montreal Neurological Institute.
I heard an interview with Milner on CBC radio, and I found it interesting that she never owned a house, a car or a fur coat. She had very modest taste, so she was able to save her money, and now in her 80s, was able to give this generous gift to the institute where she spent most of her career. In this consumer society, I found it amazing that Milner was able to resist the constant temptation to spend, and was able to give to something that was very close to her heart.
Another philanthropist that I was reading about recently was Macleans Magazine’s interview with Warren Buffett. Instead of simply giving all of his money to his children as other rich folks do, Buffett is choosing to give generously to several charities. His ideas about it are interesting, and humble:
I mean, I’ve been ungodly blessed, you know, I just happened to be born
at the right time in the right place. I tell people if I’d been born a
few thousand years ago I would have been some animal’s lunch, because I
can’t run very fast or jump very high. Or if I’d been born in
Bangladesh or some place things would have been different for me. So
what I’ve acquired has been, to an enormous degree, the product of a
society that’s a huge capitalist society, and I was born into it at the
right time, and I get these disproportionate material rewards in
respect to my contribution. There’s all kinds of people who are just as
good citizens as I am, they go over and serve in Iraq, they help in
their communities, but I happen to be in something that just pays off
like crazy and I get everything I want in life, and the idea that that
money shouldn’t go back to society but instead should go to a few
people based on the fact that they came from the right womb strikes me
as crazy. I mean, I do not believe in the divine right of the womb!
Personally, I am giving 10% of my revenues to four charities that I care for, which is much smaller than what these people are doing… but if everyone gave a percentage of their income to places that they care about, imagine the effect that it would have!