Jimmy Lustig | Lustig Family Foundation

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

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What Encourages People to Give to Charity

What Encourages People to Give to Charity?

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On March 20, 2023

In Jimmy Lustig, Philanthropy

Charitable giving is a vital part of society, enabling individuals to support causes they believe in and positively impact the world. Charitable organizations rely on donations from individuals to fund their programs and services. However, only some give to charity and those who do often do so for different reasons. So, what encourages people to give to charity?

One of the most common motivations for giving to charity is a personal experience. People who a cause or organization has personally impacted are often more likely to donate to that cause. For example, if someone has a family member affected by a particular disease, they may choose to contribute to a charity that funds research to find a cure. Similarly, someone who has experienced homelessness may donate to a charity that provides housing and support services for the homeless.

Another motivator for charitable giving is social influence. Friends, family members, and social networks often encourage people to donate to charities. Seeing others participate in charitable giving can create a sense of social pressure to give. This is why many charities encourage people to share their donations on social media platforms.

Incentives can also encourage people to give to charity. Many organizations offer motivation for charitable donations, such as exclusive access to events or merchandise. For example, some charities offer T-shirts or other items to donors who contribute a certain amount. Additionally, some companies offer donation matching programs, matching employee donations up to a certain amount. These incentives can make charitable giving feel more rewarding and motivate people to donate.

A sense of altruism is another motivator for charitable giving. People with a strong sense of social responsibility and a desire to positively impact the world are often more likely to give to charity. This motivation is often associated with people with higher levels of empathy and a greater understanding of the needs of others.

Finally, tax benefits can also be a motivator for charitable giving. Individuals who donate to registered charities in many countries are eligible for tax deductions. This can make charitable giving more financially appealing and motivate people to contribute.

Overall, many factors encourage people to give to charity. Personal experience, social influence, incentives, altruism, and tax benefits can all motivate people to donate. Charitable organizations can use these motivators to encourage more donations, whether by sharing personal stories, offering incentives, or making it easy for people to donate. By understanding what motivates people to give, charities can increase their impact and continue to make a positive difference in the world.

Jimmy Lustig Unique Corporate Philanthropy Models

Unique Corporate Philanthropy Models

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On October 28, 2022

In Blog, Jimmy Lustig, Philanthropy

According to a survey, over 60% of consumers are likely to buy from companies that support social issues. This is a huge reason why many companies are now developing their corporate social responsibility (CSR) strategies. Aside from being beneficial to the consumers, CSR can also help companies attract and retain top talent. It can also improve brand equity and encourage employees to work harder.

 

We’ve collected inspiring examples of corporate philanthropy that can help you build a strong foundation for your initiative. These examples use different tactics to engage their employees and increase the impact of their generosity.

 

Rise Against Hunger by Kraft Heinz

In 2011, Kraft Heinz launched a campaign known as Huddle to Fight Hunger, which involved donating a meal’s worth of money to local food banks for every Facebook “like” that person had made. This effort was also used to boost brand awareness.

 

The partnership between the two organizations grew into a permanent one. For the last three years, the two companies have held an annual event involving packaging thousands of meals. This year, Kraft Heinz provided $2.5 million to help fund the event.

 

Through their charitable campaigns, Kraft Heinz created effective marketing and fundraising strategies. They also used non-cash volunteering activities and donations to positively impact their local communities.

 

Volunteer Grant Program by Microsoft

One of the most prominent companies in the world regarding corporate responsibility is Microsoft. Through its volunteer grant program, the company could provide financial assistance to a different charity for each hour of work that its employees volunteered. Microsoft employees logged over 3 million hours of volunteer work each year.

 

The company’s volunteer grant program is also successful because it encourages employees to get involved in philanthropy and provides them with rewards. It also allows them to select their charity for donations. This method increases the levels of engagement and helps boost the company’s buy-in.

 

One of the essential factors you can consider when implementing a corporate philanthropy program is the inclusion of employee choice. This method allows employees to impact the causes they care about positively.

 

Student Loan Reductions by Penguin Random House

One of the most effective ways companies can implement corporate philanthropy is by providing financial assistance to their employees to pay off their student loans. The company could help its employees reduce their student loan payments by $1,200 annually through this method. This method can have a significant impact on the financial situation of their employees and can help boost the company’s retention rate. As the outstanding national debt of colleges and universities has reached over $1.5 trillion, this method can strongly incentivize employees to participate.

Jimmy Lustig Researching Nonprofits to Support

Researching Nonprofits to Support

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On September 29, 2022

In Jimmy Lustig, Philanthropy

This guide aims to help you answer that question and make an informed decision when it comes to investing in a nonprofit. We’ll guide you through the various due diligence steps to help you make an informed decision. In addition to learning about the organization’s operations and leadership, we’ll also help you gather information to help you make an informed decision.

 

Although you may think you don’t need to ask every question before making a grant, this guide will give you a summary of the various factors that affect your decisions and the steps you should take to make an informed decision.

 

Essential Functions and Track Record

A nonprofit’s strategy will tell you who it is and what it aims to accomplish. A broad mission may be inspiring, but a strategy focusing on achievable goals will reveal if the organization’s leaders are eager to make tradeoffs. Through your research, you’ll learn how nonprofits work with other organizations to accomplish their goals. This will help you develop a strategy that fits into the organization’s work. You’ll also be able to identify the program design that fits into the charitable strategy of the organization.

 

You’ll also be able to learn about the effectiveness of a nonprofit’s program by analyzing its results. This will help you determine if the organization is focused on improving its outcomes and if it’s using the collected data to improve the program.

 

Effectiveness of Leadership

The leadership of a nonprofit is significant to its success. Through your research, you’ll be able to learn about the organization’s management team and how they can effectively guide it. You’ll also gain a deeper understanding of the group’s strengths and weaknesses. You’ll also learn about the factors critical to an organization’s long-term success. These include the availability of a suitable replacement for the key people, the effectiveness of the board, and the alignment of the leadership team with the organization’s goals.

 

Financial Responsibility

Understanding the financial situation of a nonprofit will allow you to make informed decisions regarding the resources you’ll use to support the organization’s programs and services. One of the most critical factors you’ll want to consider is its financial sustainability. This is a complex issue that requires a lot of research and analysis to determine. Ideally, a mature organization should have a stable funding mix that doesn’t rely on a small number of donors. It should also have a robust financial reporting system and adequate cash.

 

Organizational Structure

Knowing more about a nonprofit’s operations and structure will allow you to see how it can deliver its goals. This will help you determine if the organization is focused on improving its results and if it’s using the collected data to improve the program. If you’re planning on supporting a nonprofit, you must know that it can grow while also achieving high-quality results. For instance, if the organization has multiple sites it’s planning on operating, how confident are you that it can continue delivering effective programs and services?

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.

 

Jimmy Lustig How to Give Back Without Giving Money

How to Give Back Without Giving Money

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On April 22, 2022

In Blog, Jimmy Lustig, Philanthropy

While it’s important to give back to the community, it doesn’t have to be a big cash donation. There are a variety of ways to support local nonprofits and charities. Doing so can help them reach their goals and provide them with the resources they need.

  1. Donate Blood

You can help save three lives each time you donate blood if you’re healthy and weigh 110 pounds or more. It can be done six times a year. To schedule an appointment, contact your local blood center.

  1. Volunteer Time

Getting involved with a local charity or nonprofit organization can be a great way to support them when you can’t offer up cash. Many of them rely on volunteers to help with various tasks, such as collecting donations and organizing events. To find out more about volunteering, contact the charity you’re interested in supporting.

  1. Save Unneeded Materials

Sometimes, donating used items can help a local charity. For instance, a local thrift store uses donated plastic bags instead of purchasing their own to package merchandise. It asks its supporters to bring in their extra plastic bags when dropping off their donations

  1. Share Your Network

If a charity you follow reaches out to you for help, consider if members of your professional or personal network would be able to assist. For instance, if a building repair project needs help, you might have a friend who lives in a nearby town who can help.

  1. Purchase Goods from Charity Shops

Although it’s not always possible to give back to the community with cash, you can still support local charities by shopping at stores that sell goods and services that support them. For instance, many thrift stores are operated by local organizations such as The Salvation Army. These stores sell used goods and services to raise money for various charitable causes.

  1. Donate Old Items

If you have too many clothes, books, or other items that are no longer useful, consider donating them to a charity or giving them to someone who needs them. Doing so will allow you to claim a charitable donation on your tax return, and the charity can benefit by either reselling them or giving them to people in need.

  1. Raise Money Through Crafts

Making and selling sweet treats or crafts is a simple and effective way to support local charities. You can sell various types of crafts and products, such as pet treats and decorative items, and a portion of the proceeds will go toward supporting the charity. If you’re a skilled knitter, consider donating your creations to a charity that will use them to provide warm clothes and other items to people in need. Likewise, if you’re a skilled cook, consider helping a local soup kitchen by making meals for those in need.

  1. Share Your Skills

You can also help others by volunteering as a board member or mentor for a charity or church. For instance, if you’re a retired business executive, you can help new entrepreneurs by giving advice on how to navigate the marketplace.

 

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.

The Essennelle Foundation For Sickle Cell Awareness Jimmy Lustig

The Essennelle Foundation for Sickle Cell Awareness

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On May 12, 2021

In Philanthropy

Sickle cell illness is a gathering of acquired blood problems that middle on red platelets, which can work unusually, bringing about little blood clumps, ongoing iron deficiency, agonizing occasions, and potential entanglements related to tissue and organ harm. These blood issues incorporate sickle cell weakness, Mediterranean blood illness, sickle beta-thalassemia disorder, and hemoglobinopathies. The sickle cell hemoglobin is related to other unusual hemoglobin inadequate fixation to make the red platelet sickle.

 

For the African-American people group, sickle cell infection is a significant medical problem. Sickle cell infection can likewise influence Mediterranean, Middle Eastern, and Asian Indian families. There is a developing section in the Latino-American populace, especially those of the Caribbean, Central American, and South American lineage. In the United States, one out of each 400 births has this infection. The most widely recognized kind of sickle cell sickness is sickle cell anemia.

 

A wide range of sickle cell illnesses is brought about by a hereditary change in the hemoglobin segment of the red platelet. Hemoglobin is the oxygen-conveying protein inside the red platelet. Typical red platelets are oval and adaptable. Red platelets in sickle cell illness tend to reshape themselves into bar-like designs that look like the bent cutting edge of a sickle; in this way, the term sickle cell. Sickle cells have a more limited life expectancy than typical red platelets.

 

This results in constant paleness and decreased oxygen to the tissues of the body. Sickle cells are not so much adaptable but rather tackier than normal red platelets. This presents an issue since they can get caught in the little veins forestalling the bloodstream to the body’s tissues. This trade-off in conveying oxygen to the tissues brings about torment and possible harm to the related tissues and organs.

 

It is estimated that one in 12 African-Americans has sickle cell trait. Individuals with this ailment fall into the ‘extremely defenseless’ bunch, so they have been compelled to safeguard for most of the pandemic. An examination recently determined that many have attempted to get sufficient treatment and backing, and some have been left in torment for quite a long time.

 

This is why Layla Lawson established The Essenelle Foundation (TEF), zeroing in on engaging and building up the sickle cell local area. Layla was motivated to create the charity after her baby girl Suki was diagnosed with sickle cell only days after she was born. Because of her limited knowledge about sickle cell, Lawson dedicated herself to learning about the disease so she could support her daughter as best as she could. 

 

People with chronic, long-term illnesses need access to extra mental health support due to the emotional strain long-term illnesses can put on the human mind. The patient’s caregivers also experience secondhand trauma: family, friends, and loved ones need access to mental health support as well. 

 

Lawson hopes to work with hospitals, schools, and councils to provide patients with therapy, counseling, and emotional well-being courses. She also wants to educate these places further on the mental strain of sickle cell with the hope that these additional resources will become mandatory in the future. 

 

In addition to advocating for additional resources, The Essenelle Foundation runs campaigns and events to educate the public on sickle cell and raise money to help those impacted by the disease. If you would like to support Lawson’s cause, you can donate to TEF through their Go Fund Me page.

The Tax Benefits Of Donating To Charity Jimmy Lustig

The Tax Benefits of Donating to Charity

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On May 12, 2021

In Philanthropy

Donations can be the best way you can help out charitable organizations. What does it mean for your income, though? Fortunately, you do see some tax benefits from donating.

 

However, these tax benefits don’t come automatically by just filing your taxes as normal. You’re going to have to put some work in on adjusting your tax forms so that you’re getting the deductions you deserve. Check out these tax benefits you can look forward to once you start donating to charitable organizations.

 

Basic Deductions

 

Whenever you donate to a charitable organization, you’ll be eligible to get a percentage of that money deducted from your tax responsibilities. This can depend, though, on what exactly you are donating and who you are donating to. For example, you might be linked to only having 20% of your tax responsibilities taken away by donating to specific organizations like cemetery organizations.

 

You might also be only eligible to have a percentage of your tax income reimbursed if you’re not donating in cash. On the other hand, some charitable organizations will allow you to get a 100% tax deduction if you are donating with cash. Make sure you fully look up what deductions you can take before donating to a charitable organization.

 

Volunteering

 

Believe it or not, but you do get some tax deductions if you’re someone who volunteers for others. This can be work you’ve done for any registered charitable organization. However, you’ll want to make sure that you have all of your expenses recorded with receipts, as you can easily be audited if the IRS hasn’t found legitimate merit for you taking tax deductions for volunteering.

 

For example, you might end up spending hundreds of miles on the road driving to help a charitable organization with an event. You’re then allowed to take all the gas money you spent and put it towards a 100% tax deduction, given that you keep all of your receipts from the gas station. You can also take any other expenses that you may have had like meals on the road, needed items for events, and much more. Ensure that you fully look into any taxable deductions you can take whenever you’re volunteering for any charitable organization.

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