Philanthropy: How to Guide Younger Generations

Philanthropy is the practice of giving back to society. It is an important life skill that should be taught to younger generations. Teaching youth about philanthropy can help them develop a sense of responsibility and empathy and is an important step toward creating a more sustainable future.

Philanthropy can help young people understand how their actions can make a difference both in their communities and globally. By teaching youth about philanthropy, we can empower them to become active citizens who are committed to making positive changes in the world. This article will provide an overview of how to guide younger generations in understanding and engaging with philanthropy.

Guiding By Example

By setting an example of giving and helping others, we can inspire the next generation to do the same. The best way to guide younger generations is to lead by example and to emphasize that philanthropy doesn’t have to be something done only by adults or with large sums of money.

Showing younger generations how we are using our resources to help others in need will encourage them to follow suit. Using philanthropy as an educational tool to teach young people about the importance and benefits of giving back can prove to be an invaluable lesson. By demonstrating how philanthropy works in real life, we can give them the confidence they need to make a difference in their own lives and become agents of change in their own communities.

Volunteering

Volunteering locally is a great way to introduce younger generations to the concept of philanthropy. It allows them to see firsthand how their time, effort, and skills can make a difference in their local communities. By engaging in volunteer activities, young people can learn the value of giving back and become inspired to continue giving throughout their lives. Furthermore, volunteering provides an opportunity for young people to build relationships with other volunteers, which can lead to long-term connections that will benefit them later in life.

Setting Money Aside for Charitable Donations

A great way to teach younger generations about the importance of helping those less fortunate than themselves is to encourage the habit of setting aside a certain amount of money from their part-time job or allowance, on a weekly or monthly basis, earmarked for charitable donations. Teaching youth the importance of giving back to their community through donations will help them become more aware of their social responsibility.

Once the “savings” amount accumulates a good lesson is to provide descriptions of various charities and how they benefit the community locally and globally. With this information and together with an adult the young person can choose which organization they would like to support with their savings. This further demonstrates that every dollar counts and no amount is too small to make a positive impact.

By guiding younger generations on philanthropy, we can ensure that they are aware of their responsibilities towards society and that they are making meaningful contributions that will have a lasting impact.

How Bloom Can Help Families with Their Philanthropic Endeavors

For over 25 years Bloom Investment Counsel, Inc. has been investing clients’ money in dividend-paying stocks providing clients with stable cash flow in the form of dividend income, if needed, and the potential for capital appreciation. With regular dividend payments, families are able to use this income for philanthropic purposes such as charitable donations. Get in touch with us to find out how we can help you and/or your family fulfill your philanthropic endeavors.

This content is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this content should consult with his or her financial partner or advisor.