Giving to a good cause can have asubstantial impact on the need at hand, but where do you start? There are somany needs to be met, choosing a charity can be more challenging than you may think.Fortunately, the â€œOracle of Omahaâ€ has some words of wisdom when it comes tofocusing and leveraging your charitable influence.
Actually, Buffettâ€™s counsel isreally a framework of thought - theâ€œRISE Framework for Social Change.â€
Forbes recently explored the RISE framework in an article titled â€œ4 Charitable Giving Tips From Warren Buffett.â€Originally developed by one of the lecturers with Buffettâ€™s free online givingcourse â€œGiving With Purpose,â€ RISEis an acronym to help center your thoughts and guide you toward good decisionswhen seeing to do good, specifically:
- Relevance â€“ Clarify what motivates you.
- Impact â€“ What is your â€œportfolioâ€ (thecollection of all your donations) and â€œtoolkitâ€ (the various ways you cancontribute including with your money)?
- Sustainability â€“ Is the charity likely to stayaround with its â€œbusiness modelâ€?
- Excellence (in management and operations) â€“ Isthe organization well-run from top to bottom?
If you would like to learn moreabout the RISE framework, then read the original article and consider enrollingin Buffettâ€™s online course in the future. After all, the course is free and heseems to have a pretty good track record when it comes to his financialabilities.
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