Jimmy Lustig | Lustig Family Foundation

Jimmy Lustig is an active philanthropist. He and his wife created the Lustig Family Foundation.

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Jimmy Lustig Highlighting Some of the Most Influential Philanthropists

Highlighting Some of the Most Influential Philanthropists

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On June 16, 2022

In James Lustig, Jimmy Lustig, Philanthropy

One of the most important factors that people can consider when it comes to living is giving. Being able to give back to the communities that you live in is a powerful way to create a deeper sense of purpose and make a difference in the world. In the U.S., there is a culture of philanthropy that involves high-net-worth individuals giving to various causes.

Some of the most prominent philanthropists in the world make their impact by giving back a portion of their wealth. Even if you don’t have the necessary resources to support a large number of charitable organizations, you can still give back to the communities that you live in.

Andrew Carnegie

One of the wealthiest individuals in history, Andrew Carnegie died almost a hundred years ago. Despite his passing, he is still regarded as the biggest philanthropist in the world. Due to the growth of the steel industry in the U.S., he was able to create a fortune that was worth almost $200 billion in 2007.

Over the course of his life, he gave away over 90% of his fortune. He established several schools and universities, as well as thousands of libraries and free public libraries across the world. He also supported the construction of thousands of church organs. Carnegie Hall, which is regarded as one of the most famous structures in the world, was also built as a result of his philanthropy.

Paul Tudor Jones

One of the most prominent philanthropists in the United States is Paul Tudor Jones, a hedge fund manager. He is known for his work with the Robin Hood Foundation, which focuses on providing education to children in New York. Through his fund, he has made real and measurable investments.

Through his network of fund managers, Jones could raise additional funds and partners for his charitable organization. He has also been able to create a network effect that has increased the impact of his work.

Bill and Melinda Gates

Bill Gates is one of the most successful entrepreneurs in the history of the information age. Through his company, Microsoft, he has been able to become one of the world’s wealthiest individuals multiple times. He has given away over $100 billion to various charitable organizations. Through his partnership with Warren Buffett, the Bill and Melinda Gates Foundation has focused on multiple global health and education issues.

Ray Dalio

Through his charitable organization, the Ray Dalio Philanthropies, the founder and CEO of the investment firm, Ray Dalio, has supported various causes. His approach to philanthropy is different from other prominent individuals because he doesn’t look for credit and instead focuses on making his donations in secret.

Through his charitable organization, Ray has been able to support various causes. He has partnered with the Boys & Girls Clubs of America to fight human trafficking.

Warren Buffet

One of the wealthiest individuals in the world, Warren Buffett, is also one of the most generous philanthropists. Through his charitable organization, the Warren Buffett Foundation, he has been able to support various causes.

Due to his success in investing and personal frugality, Warren Buffett partnered with Gates to create the Giving Pledge, which urged America’s wealthiest individuals to give most of their wealth to charitable organizations. Through his philanthropy, Warren Buffett has been able to support various causes.

 

Jimmy Lustig How to Get Employees Excited About Volunteering

How to Get Employees Excited About Volunteering

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On May 24, 2022

In Blog, James Lustig, Jimmy Lustig, Philanthropy

Being a good citizen is the right thing to do, and volunteering can help companies thrive. It can also help organizations develop and grow. Aside from being beneficial to the individuals who participate, community service also benefits the organizations that it supports.

It’s important for team leaders and managers to understand the various benefits of community service. Aside from being beneficial to the individuals who participate, it can also benefit the organizations that it supports. This is why it’s important that they are inspired to give back.

  1. Offer Paid Time for Volunteering

Although it’s not always possible for everyone to volunteer off the clock, volunteering can still be a great way to show your commitment to the community. Having paid time off for volunteering can be a great way to demonstrate your love for the community.

According to a survey conducted by the Society for Human Resources Management, over 20 percent of companies offered paid time off to their employees for volunteering. A total of 82 percent of companies that were included in the 2014 Civic 50 also offered paid time off to their employees.

  1. Share Opportunities

Doing the work for the team members instead of asking them to research volunteer opportunities can help them find ways to give back. You can also create a weekly email digest that provides a list of volunteer opportunities that the team can explore.

List out volunteer opportunities that are focused on different skill sets such as teaching, tutoring, or painting. You can also start a formal partnership with a local organization to help the team members get involved. Before you start a volunteer program, make sure that the details about the organization and the time commitment are included in the list. This will help your employees determine if they are the right fit for their lifestyle.

  1. Create Leadership Opportunities

Being able to take on more responsibility can help employees develop their skills and improve their performance. It can also help them feel valued and supported at work.

Although it’s important to have a volunteer coordinator, it’s also important to identify the individuals who can be given leadership roles. You can also start by developing a list of skills that your team members can use to improve their performance. Consider your team’s skills and interests and how they might be utilized in a volunteer setting.

  1. Encourage Office Leaders to Be Examples

Seeing leaders commit to volunteering can help team members feel more positive about their participation. It can also help them feel supported and valued at work. To make sure that the team members are comfortable with the idea of giving back, encourage team leaders to regularly talk about the company’s social responsibility initiatives.

  1. Reward Volunteers

Make sure that your team members are not only recognized for their hard work but that they’re also encouraged to get involved. Having a reward system can help make volunteering more of a part of the company culture.

One of the most important factors that you can consider when it comes to rewarding team members is their commitment to the community. Doing so can help demonstrate the company’s commitment to social responsibility. In 2014, 50 percent of companies featured in the Civic 50 list of Points of Light included community engagement work in their performance reviews.

 

4 Red Flags Among Charities To Look Out For

4 Red Flags Among Charities to Look Out For

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On August 23, 2021

In Blog, James Lustig, Jimmy Lustig, Philanthropy

As the wallet empties, the heart is filled. Part of being a person is helping the needy. However, some errant individuals are preying on innocent souls without flinching an eye. They are running charity organizations to solicit aid, only to swindle naïve citizens. Be wary of the following four red flags before giving out to charities.

Extremely Dubious Operations

Any charity organization that is not transparent in its activities is not worth your resources. The majority of fake charities are suspicious of their grant expenditure. They cannot precisely point the finger at what they have done with the relief funds they received.

Consequently, a charity that claims 100% disbursement of its funds to the cause is equally alarming. A charity has expenses and bills to sort out, such as salaries, administrative costs, and rent; hence they may only tunnel about two-thirds of their grants to the noble cause.

The Charity Is Fresh

A young and new charity organization that claims to have an enormous track record is another red flag to look out for. Before generously sharing out your resources, scan through the internet for reviews as well as a portfolio on the subject of charity.

Zero reviews depict the charity is fresh and probably started a few days ago.

Pestering Phone Calls and Emails

Once you’ve committed to giving, the charity is not giving you space to breathe. Unlimited phone calls, text messages, and emails confirming your status are another red mark. A genuine charity should not seem to prey or focus on your giving. The majority of scam charities keep bothering individuals to the extent of imposing deadlines on the aid. In case you start receiving badgering calls, run and don’t look back.

The Charity Is Unregistered

A search of the particular organization in the directory of charities is futile; then, you are likely to be falling for a scam. All non-profit organizations and charities are locally regulated and registered in various authorities. A genuine charity will not dodge registration by any means whatsoever.

Charity sees the call, not the cause. As you benevolently help out the needy, look out for the above four signs of any malicious charity organization.

How To Choose A Charity For Your Business To Support

How to Choose a Charity for Your Business to Support

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On August 22, 2021

In Blog, James Lustig, Jimmy Lustig, Philanthropy

Businesses that give back to the community also benefit from their generosity. Donating to local organizations helps to create a happier, healthier, and more prosperous neighborhood. A reputation as community-minded also aids in the overall public opinion of the business. The choice of who to support is a crucial decision because not all charities are equal. A few guidelines can help any business manager to choose wisely.

Choose Ethical Charities

Any charity a business selects to align itself with needs to have a good reputation. Make sure the group is an organized and legal nonprofit with excellent recordkeeping. Transparency is vital in how donations get dispersed and what percentage of funding goes to the cause versus administration. Experts recommend charitable organizations keep their administrative costs at or below 15 percent of their total budget. Some reputable groups may rise above this amount, but the variations should not be much higher.

Ensure Measurable Accomplishments

Select a nonprofit that has a record of achievements. Any established group receiving regular donations should have the ability to detail what they have built or improved in the community. Continue to follow those that promise future benefits without making a financial commitment to see if they meet their goals.

Pick Relatable Organizations

A medical-related company may want to give to health-centered charities. A business that focuses on children should choose a nonprofit that helps with children’s causes. The customers of any business will appreciate a company giving back to things that mean the most to them. The right choice of charity can also help increase the visibility of the company to potential customers.

Keep it Local

National and international charities do impressive things, but everyone wants to see their community thrive. Small businesses usually rely on support from their neighbors. Helping those neighbors is a way to say thanks for the support.

Support of a local cause can help increase public awareness of a business and draw in new customers. Charitable work is a way for business owners to network within the community and create connections they would have missed otherwise. Giving back allows a company to make a difference in its community, and that helps everyone.

Alternatives To Donating Money To Charity Jimmy Lustig

Alternatives to Donating Money to Charity

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On July 29, 2021

In James Lustig, Jimmy Lustig, Philanthropy

While donating money to a charity is a great way to give back, it’s not the only thing available to those who want to help their communities. In fact, there are plenty of alternatives to monetary donations: you can volunteer your time, donate items you no longer use or need, and so much more. Here are some ways to do so.

 

Time

 

If you don’t have the money to spare, you can easily donate your time to help a cause that’s important to you instead. Working for a nonprofit organization, for example, is a great way to lend your time and expertise to something you’re passionate about. Not only that, you could potentially make money or qualify for student loan forgiveness through your volunteering.

 

If you do decide to donate your time, however, make sure not to exhaust yourself and take some time for yourself. Pick one or two causes to volunteer for in your area after doing thorough research and stick to them. 

 

Outside of nonprofits, you could also join the Peace Corps or Teach for America to make a difference. These year-long commitments can take you around the world and let you offer your teaching, building, or medical skills to those in need. Just be aware of the issues with “voluntourism” before signing up.

 

Community

 

You don’t have to join an organization to help others. More often than not, you can actually do more good by helping those in your local community rather than traveling across the world. Help your elderly neighbors with their yard work, volunteer with Habitat for Humanity and build houses, or even volunteer at your local animal shelter to take care of animals and find them a good home.

 

If there’s a political cause you want to join up with, search for protests happening near you and get involved with it to make your voice heard. If the protest is far away, gather a group of friends or family who want to join you and split the travel costs. Facebook events can connect you to local protests if you’re not up for traveling far. 

 

There are plenty of other ways to give back to your community—all you have to do is some research to figure out how. Connecting with groups on social media can make you aware of events happening around you and get you involved in ways you wouldn’t think possible. Money may be a great donation, but there’s far more that people can offer to make the world a better place.

What To Look For When Choosing A Nonprofit To Support Jimmy Lustig

What to Look For When Choosing a Nonprofit to Support

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On July 29, 2021

In James Lustig, Jimmy Lustig, Philanthropy

What should you look for when you want to donate to a nonprofit organization? There are thousands of these organizations in the world, all of them with various causes they’re supporting and in need of monetary donations. How are you supposed to choose the right nonprofit for you? Doing some research on the different organizations will help you determine what organization will work best for you so long as you know what to look for. 

 

The first thing you should ask yourself is what you believe in. What are you looking for in an organization? What mission do you want your money going toward? What you donate to should matter to you, so come up with a list of questions to ask yourself while browsing through potential nonprofits: is this an important cause to you? What sort of issues are you looking to help improve? Do you want your money to be donated locally, nationally, or internationally? 

 

Once you have these questions answered and a few organizations picked out, check the mission statement of each one. Nonprofits may have similar broad goals, but how are they addressing their causes? One organization might focus on finding homes for rescue animals, while another might focus on training dogs to visit hospitals or the elderly in nursing homes. Some organizations may focus on raising awareness for an issue only, while others are more solution-based. Determine which nonprofits align with your goals and values by finding all of this out on the organization’s website. 

 

Also, consider their tactics and the company they keep. Reputable nonprofit organizations never pressure people to buy or use a specific product or service and are always open about their finances and programs. They’ll never ask for your personal information, such as bank statements, so if an organization does, stay away. Additionally, figure out if the nonprofit is actually beneficial to the ones they’re supposed to be helping or if it’s just benefiting its founders. You can figure this out by looking at their sponsor lists—are the sponsors companies you’ve heard of? Are they on the board of the nonprofit? Do they have the same or similar addresses? This could be a sign that something is amiss. 

 

Look for where your money will be going. You work hard for your money, so you should feel confident that the money you donate is going to the cause you want to help. Programs, grants, research, and more should be clearly defined on the nonprofit’s website, as should a list of financial audits, the board of directors, the privacy policy, and documented success. If the nonprofit is larger, check sites like Charity Navigator to see how people rate the organization.

 

Finally, trust your instinct. If you’re looking at an organization and have a bad feeling about it, find another nonprofit to give your money to. You should be comfortable with your donation, not uncomfortable, and confident that your donation will be used correctly.

How You Can Recycle Your Unused Technology Jimmy Lustig

How You Can Recycle Your Unused Technology

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On April 30, 2021

In James Lustig, Jimmy Lustig, Philanthropy

As your technology gets older, you might think about upgrading it. However, constant upgrades mean that you might have a lot of devices just sitting around and taking up space. Instead of trashing your devices, check out these ways that you can recycle them.

 

Selling

 

It can be nice to make some extra money here and there. You should think about selling your old devices through an online site or a local pick-up marketplace. To do this, you’ll want to first find out how much your devices go for.

 

If you want a good estimate, go on a website like eBay and search up the device you’re looking to sell. You should then be able to select a completed order option that will tell you the last price that the device sold for. By doing this, you’ll be able to make a quick buck instead of letting your devices go to waste.

 

Giving

 

Sometimes, you might have someone around who would appreciate the device you’re not using. To find someone, go on your social media accounts and make a post asking if anyone wants that device. This way, you can make sure that one of your friends or family members can enjoy your possessions.

 

If you don’t know someone personally who would want your device, think about donating it to a charity. Many charities are out there to provide electronics to those that can’t necessarily afford them at the moment. By giving your old electronics to someone you know or a stranger, you’re helping out others instead of letting a device go to waste.

 

Recycling

 

Depending on the age of the device, you might have something that is about useless for anyone to have. You might think about sticking that device straight into the trash, but your electronics can be worthwhile for recycling companies. The reason for this is the expensive components electronics tend to have.

 

Whether it be a phone or a gaming console, all these devices typically use different types of metals for functionality. You can bring these devices to a recycling company that can extract these metals to be used for future devices. If you’re looking to help the environment, you can’t go wrong with recycling your electronics.             

Mental Health Charities You Can Support Jimmy Lustig

Mental Health Charities You Can Support

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On April 16, 2021

In James Lustig, Jimmy Lustig, Philanthropy

In our society, mental health issues are experienced in countries and cultures all across the globe. In Africa, 85% of the 100 million people that suffer from depression have no means to access effective treatment. Approximately 25% of United Kingdom residents will experience mental health issues every year. And here in the United States, 43 million Americans struggle with mental health issues.

 

Charity information services and evaluators such as Giving Compass, GuideStar, and Charity Navigator are instrumental in helping the world recognize World Mental Health Day, celebrated worldwide on October 10.

 

A few reputable, accountable, and effective organizations across the globe that face mental health issues head-on include:

 

The Jed Foundation

 

As the theme of this year’s World Mental Health Day is suicide prevention (every four seconds, someone dies from suicide), this non-profit organization really stands out. Founded by Donna and Phil Satow in 2000, the Jed Foundation works to prevent suicides for American teens and young adults. The Jed Foundation earned the highest rating (4-stars) by Charity Navigator for its transparency, accountability, and financial health.

 

Brain & Behavior Research Foundation

 

In looking to find cures ranging from addiction to schizophrenia in mental illnesses, this American foundation funds scientific research in these interests.

 

As two other family foundations cover their operating expenses, the Brain & Behavior Research Foundation commits every dollar donated to the Foundation for research through research grants. As a result of their total commitment to transparency, the organization was awarded GuideStar’s Platinum Seal of Transparency.

 

StrongMinds

 

StrongMinds, founded by former diplomat Sean Mayberry in 2013, focuses on the treatment of depression in African women, with a special emphasis on those patients in Zambia and Uganda. Their scalable methodology, based on low-cost and unique intervention, incorporates Interpersonal Psychotherapy. It is reported that 75% of the 55,000 African women thus far treated for depression were found to be depression-free six months after their treatment.

 

NAMI (National Alliance on Mental Illness)

 

The National Alliance on Mental Illness, or NAMI, has grown to become a network exceeding 500 affiliates in all 50 states through grass work organization by families of individuals affected and diagnosed with mental illness. Advancing public policy for people with mental health issues, NAMI has garnered the GuideStar Seal of Transparency as well as a 4-star rating by Charity Navigator.            

Supporting Organizations That Assist Minority Founders Of Startups

Supporting Organizations That Assist Minority Founders of Startups

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On March 26, 2021

In James Lustig, Jimmy Lustig, Philanthropy

Several organizations that are among the leaders in building businesses are assisting American minority entrepreneurs. In their efforts to encourage these minority entrepreneurs to be successful, they assist startup companies and obtain the necessary funding. Among the most prominent of these organizations are the following:

 

Techstars Foundation

 

Working toward increasing the numbers of minority founders in the tech community, Techstars, an American seed accelerator, has launched a nonprofit division named Techstars Foundation that works to improve the representation of tech founders who are minorities by affording this group grants, scholarships, and sponsorships. Today, Techstars’ vast network of startup companies that number 762 with a collective funding of more than $2 billion can make sizable contributions to diversity in the world of technology.

 

CODE 2040

 

A nonprofit organization that robustly pursues its goal of representing Blacks and Latinos in the areas of technology, investments, and entrepreneurship, CODE 2040 places college-level minority computer science students in top tech companies’ internship programs. This organization has also initiated a one-year Residency Program that provides minority entrepreneurs financial help and support from experienced entrepreneurs and investors in building companies in their communities.

 

500 Startups

 

Since its beginnings, 500 Startups has invested in startups led by minorities and women such as AllDay Media, Mayvenn, and Walker & Co. To date, 15 classes have graduated from 500 Startups. In May of 2020, 500 Startups launched its Diversity & Entrepreneurship Summit, part of a conference series connecting minority entrepreneurs with founders and leaders of the tech startup community and venture partners. Additionally, the organization launched a $25 million micro fund for investing in startups that were beginning and led by minority founders.

 

Black Founders

 

As a national network of African-American founders, Black Founders works to increase black entrepreneurs’ numbers in technology. To do so, this organization generates networking events, educational programs, and a conference series throughout the year. One program begun by Black Founders is HBCUHacks, a series of weekend hackathons that provides students attending historically black universities and colleges opportunities to develop computer science skills so they can invent software and apps. One-fifth of those participating students who graduate with a degree in engineering have benefited from this successful program.

How You Can Support Texas Following The Power Crisis

How You Can Support Texas Following the Power Crisis

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On March 12, 2021

In James Lustig, Jimmy Lustig, Philanthropy

The brutal winter storms in Texas are causing blackouts, and many residents have been left without power and water. These need to help residents cope with life in the crisis amid the pandemic. Below are several ways to support the state no matter where one is location-wise. Although there are organizations and relief funds to work with, use the choices below before finding them.

 

Donate to Mutual Aid Fund

 

Some of the mutual aid funds helping people in Texas during the blackout crisis include Austin Mutual Aid, Feeding the People Dallas, and Mutual Aid Houston. People are burning their furniture and clothes for warmth and boiling snow for water. The mutual aid funds are mobilizing venerable residents giving them food, clothes, and shelter. Local volunteers in Austin relocated the homeless population in hotel rooms.

 

Support Food Banks

 

Texans are running out of food since the weather crisis is disrupting the supply chain. The grocery stores and food pantries are empty. The stockpiled in houses is spoiling since there is no power to operate the refrigerators. Supporting food banks such as Feeding Texas will provide food to families in need.

 

Give Grants to National Organizations

 

National organizations one can support include Salvation Army, American Red Cross in North, South, and Central Texas. Monetary donations contributed to these organizations serve the most vulnerable people in this community during the natural disaster.

 

Support the First Responders

 

First responders and medical practitioners work day and night to support the communities. The Austin EMS Association is receiving monetary donations to feed its personnel. Many medics are working more than 24 hours without going home as call volume has doubled. It has become difficult for medics to search for food. First respondents also need food. They have to make sure roads are passable before going home.

 

Support the Fund Emergency Supplies

 

Find emergency supplies such as the Austin Area Urban League are receiving donations to provide emergency food, clothing, shelter, and other supplies to Texas residents. Austin Pets Alive is also accepting monetary donations to keep animals warm and safe during the storm.

 

Thousands of Texans are still in need of relief. Showing support through any of the highlighted ways will alleviate the States suffering to some extent.

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