Content tagged with “philanthropy”

“ In 1982, a billionaire set a goal to give all of his (growing) fortune to charity. It took him 38 years, but he completed the goal, closed his trust, and he and his wife now live in a small apartment. ”

“ This essay describes the ‘coordination problem,’ where spending money to solve a problem often requires coordination with other people to do the same, or the money is wasted. Conversely, spending money on yourself always leads to a benefit. ”