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

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 Give Back Without Giving Money

How to Give Back Without Giving Money

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.

 

Great TED Talks All About Giving

While philanthropy and giving are wonderful endeavors, they’re often met with criticism for a multitude of reasons. It’s important that we strive to constantly learn and improve the way we approach philanthropy, and one of the best ways to do that is to listen to the experts. Many philanthropists have given TED Talks over the years, and they can be a great way to learn more about the subject, and how we can improve it in order to make sure marginalized groups and those in need are getting the support they deserve. Here are a few of the best TED Talks about giving.

The Way We Think About Charity Is Dead Wrong – Dan Pallotta

Dan Pallotta believes that innovation and risk-taking are the keys to making philanthropy successful. In his talk, he challenged philanthropists and non-profit leaders to be willing to fail in order to truly succeed.

In his talk, Dan challenged the notion that traditional charity should be run as efficiently as possible. Instead, he argued that investing in the leadership and technology of non-profit organizations could actually create more positive change.

The Why and How of Altruism – Peter Singer

When we see a video of a child who has been seriously injured in a car accident, we usually assume that we would immediately help the child. However, when we see the number of children who die every day due to hunger and disease, we realize that we have a lot of hypocrisy and inaction.

Peter Singer argues that being able to live without want is a natural inclination to be altruistic. However, he suggests that there are ways to balance the practicality of giving with the emotion of doing good.

Why Giving Away Our Wealth Has Been The Most Satisfying Thing We’ve Done – Bill and Melinda Gates

In 1993, after taking a walk on the beach, Bill and Melinda decided that they wanted to give away their wealth to society. In this interview, the couple talks to Chris Anderson about their marriage, their failures, and how they’ve enjoyed giving away most of their wealth, claiming it’s been one of the greatest decisions they’ve ever made.

Want To Help Africa? Do Business Here – Ngozi Okonjo-Iweala

Despite the negative images of Africa, there are also positive stories happening in the continent, according to Ngozi Okonjo-Iweala. She believes that there are plenty of business opportunities in the country.

In her talk, Okonjo-Iweala challenged the world to include Africa instead of just giving aid. She argued that by engaging the continent in the global economy, we can create a significant impact in a way that traditional aid can’t.

4 Red Flags Among Charities To Look Out For

4 Red Flags Among Charities to Look Out For

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

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

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

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

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

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.

How You Can Recycle Your Unused Technology Jimmy Lustig

How You Can Recycle Your Unused Technology

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.             

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