Warren Buffett Donates $2.9 Billion in Annual Stock Gift

I am always inspired by such tales of altruism. Although, of course, the vast majority of us cannot make a donation to this extent, it is nice to know that the titans of industry like Warren Buffet strive to make the world a better place and to make a difference anywhere they can. To read more on Warren Buffet’s phenomenal contribution, please proceed to the following article.

This post was originally published on Vincent Chhabra’s Philanthropy site.

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Kodak’s Downfall Wasn’t About Technology

Although many speculate Kodak’s decline was due to technology, this insightful article provides compelling evidence to the contrary. Citing myopia and Kodak’s inability to adapt to a changing marketplace, it delves into what the former giant could have done differently. For a better look into the whirlwind decline of Kodak and how digital disruption ended […]

via Vincent Chhabra | Entrepreneur http://vincentchhabra.net/kodaks-downfall-wasnt-about-technology/

Lifting the Second-Generation Curse

This resilient tale articulates Natalie Sexton’s journey to lift the ‘second-generation curse.’ In today’s competitive marketplace, a measly 30% of family-owned businesses survive through the second-generation. Yet, Sexton seeks to defy the odds, and in doing so inspires us all. For more information on her incredible journey, please check out this New York Times article

via Vincent Chhabra | Entrepreneur http://vincentchhabra.net/lifting-the-second-generation-curse/

The Significance of Networking

Although networking can be uncomfortable and awkward for quite a few people, it is a necessary part of business that has the potential to pay off enormously. Time and again we hear, “It’s not what you know. It’s who you know.”  While this sort of playing field may seem unfair in regards to capitalism, it […]

via Vincent Chhabra | Entrepreneur http://vincentchhabra.net/the-significance-of-networking/

Staying Motivated: Maintaining Positivity and Passion

I recently came across this wonderful article about how to stay motivated in the charity sector. With seemingly endless piles of paper and the constant pressure of budgetary stress, it can be easy to succumb to a skeptical attitude. Yet, negativity accomplishes nothing, aside from making things harder, anyway. Check out the piece here!

This post was originally published on Vincent Chhabra’s Philanthropy site.

How to Avoid Scandal in the Wake of Grief

In today’s day and age of internet visibility, scams are all too commonplace, even more so in regards to charities. By taking advantage of good intentions and altruistic actions, thieving organizations are able to capitalize on the misfortune and disability of others. It is for this reason that it is of the utmost significance to understand who you’re donating to and what they’re doing with your money.

Unfortunately, in the wake of tragic events, these scamming philanthropic organizations or schemes spike in number…preying on the impulsive good nature of countless individuals across the country. Luckily, there are precautions one can take in order to reduce their chances of being deceived. Listed below are some of the most notable things to remain vigilant against:

Vague Appeals

When you’re contributing to a worthy cause, you should ensure that their mission statement is clear and understandable. Pretenders will often have a very vague call-to-action that sounds abstractly positive but does not necessarily provide any real information about where your money is going or what the organization actually does. Do your research and make sure you understand the effect your donation is going to have.

Government Registration

When gifting funds to a legitimate organization, the nonprofit should be registered with a state government agency since it’s required by the majority of states. To play it safe, do a little bit of internet research to see if they are officially registered. This said, if they’re not registered, it does not necessarily mean they are a scam outright, but it is worth noting and looking into further.

Family Funds

When looking at specific families’ crowdfunding pages, be very weary. Since they are not officially a not-for-profit, they are not required to register with the government. However, you can still discern the validity of these pages by verifying the receipt of funds through a third party, be that a bank, or an accountant, and/or a lawyer. This will give you the confidence you need to know where your money is going.

Transparency

Any reputable nonprofit organization should be more than willing to properly articulate how much of each dollar goes to the cause. If the not-for-profit in question is reluctant to release information about how they spend allocate their resources, it is a red flag and cause for concern.

So long as you keep the above advice in mind, you should be able to safely sift through both reputable and rogue nonprofits. However, if you do find you have fallen victim to a scam, do not hesitate to reach out to the proper authorities. In the event you have released sensitive personal information, pay particular attention to your bank account(s), credit score(s), and any strange fiscal activity you may notice.

Giving back to the community is a worthwhile cause, and it’s our duty to make sure it stays that way by practicing due diligence.

This post was originally published on Vincent Chhabra’s Philanthropy site.

Entrepreneurship is Not a Dream. It’s a Reality

As we go through life, we are continuously forced to build ourselves more and more until we are the person we strive to be. While not all of us necessarily transcend or reach the dreams of our adolescence, we still inevitably experience a journey in which we are forced to push our limits, to expand […]

via Vincent Chhabra | Entrepreneur http://vincentchhabra.net/entrepreneurship-is-not-a-dream-its-a-reality/