Do rich people really give to charity, or is that a bunch of bs? - GoFuckYourself.com

clickhappy · 05-20-2004, 10:15 PM

I'll read a book by someone who is supposedly successful and they'll talk about how importantit is to give to charity. but then I listen to The millionaire next door and those people dont give to charity. they only give to themselves.

so which is it if you want to be loaded someday? give to charity or keep it for yourself?

Paul Markham · 05-20-2004, 10:16 PM

Very rarely, but then I am a charity case.

zzgundamnzz · 05-20-2004, 10:17 PM

They give to charity to make themselves look good.

That and to give it to the charity instead of the government.

If I was rich I'd give to charity. Nothing like having a college fund named after me

EviLGuY · 05-20-2004, 10:17 PM

Sure they do.. it looks good and they get a nice tax writeoff.

merlin77 · 05-20-2004, 10:19 PM

The rich ones that "brag about giving to charity" rarely do, it's the one's that don't wait for a camera to be around or a book to be published that are actually giving.

MetaMan · 05-20-2004, 10:20 PM

charity is all used as a write off, it all comes back to them in the end.

webmaster x · 05-20-2004, 10:49 PM

I'd rather give it to the charity than spend it all. Maybe I can put it in a bank.

Oncle_Benny · 05-20-2004, 10:56 PM

thats funny...here in quebec bs means that you actually don't have a job....

Mishi · 05-20-2004, 11:09 PM

Absolutely, and for many reasons. (I'm not a wealthy person, but I spent many years working for non-profit corporations and a bit of time working as a personal assistant to a philanthropist. I've also worked as an independent fundraiser.)

I'd have to say the primary motivation is a sense of duty. Add to that true fondness for a cause, and you have a motivated donor. The tax benefits are probably a big factor, but I don't think they're the greatest motivation.

The opportunity to get the family name on a room, hall or building is also a pretty big deal for a lot of the large donors.

There are many who give quietly to causes in which they personally believe, without an expectation of recognition, but these people are not the majority.

SlickRick · 05-20-2004, 11:10 PM

I am sure they do, they get it back in their tax retrun. I read some where Bill Gates gives like 25 million a year to some non-profit org which he or his wife owns...LOL

KRL · 05-20-2004, 11:14 PM

A lot of them do just to get invited to social functions and charity balls.

Rictor · 05-20-2004, 11:15 PM

If I was uber rich I'd give large amounts the the police fund raisers and political campaigns (all of them). Doesn't hurt to grease a few palms in case the heat is ever on you.

thatjen · 05-21-2004, 04:14 AM

They give to charity for the tax write-offs

Or people like Oprah have so much money that it would be pointless not to give some of it away to charity. I pay myself first, but then I always run out to pay anyone else.

junction · 05-21-2004, 04:16 AM

Quote:

Originally posted by zzgundamnzz
They give to charity to make themselves look good.

I have to disagree. I (my corporations) give to charity for the TAX benefits. Not because I have a "big heart".

StRoGE · 05-21-2004, 05:27 AM

Quote:

Originally posted by junction
I have to disagree. I (my corporations) give to charity for the TAX benefits. Not because I have a "big heart".

Thats right, its all about the tax benefits.
I wonder how much money charities would lose annually if there were no tax benefits at all....makes you wonder.

samuel · 05-21-2004, 05:34 AM

Quote:

Originally posted by Mishi
Absolutely, and for many reasons. (I'm not a wealthy person, but I spent many years working for non-profit corporations and a bit of time working as a personal assistant to a philanthropist. I've also worked as an independent fundraiser.)

I'd have to say the primary motivation is a sense of duty. Add to that true fondness for a cause, and you have a motivated donor. The tax benefits are probably a big factor, but I don't think they're the greatest motivation.

The opportunity to get the family name on a room, hall or building is also a pretty big deal for a lot of the large donors.

There are many who give quietly to causes in which they personally believe, without an expectation of recognition, but these people are not the majority.

I agree, you may have reasons like these to give to charity, but no all rich people think the same..

Samuel

Lykos · 05-21-2004, 05:38 AM

Hmmm....probably they do...but again u should ask some rich guy

Blinky · 05-21-2004, 05:44 AM

Quote:

Originally posted by EviLGuY
Sure they do.. it looks good and they get a nice tax writeoff.

Tax write off is all it's about.

They love the publicity and being made out to look like good guys though, but that'd have to be secondary.

kmanrox · 05-21-2004, 07:03 AM

yes.. it's a tax write-off

bobosoft · 05-21-2004, 08:42 AM

Well, it depends what you are giving. If you give a charity cash there has to be some other motivation than taxes. If you are in the 35% tax bracket you are only recieving 35% of that money back from the government. Your donation still cost you 65% of what you donated.

PattyeCake* · 05-21-2004, 09:11 AM

Well, I'm certainly not "rich" but I do gve to several chaitities

Ironhorse · 05-21-2004, 09:32 AM

Quote:

Originally posted by KRL
A lot of them do just to get invited to social functions and charity balls.

Not to mention the people that run the charity organizations and the fundraisers do a better job lining their own pockets than helping 'the cause'.

If you want to give, go to the poor neighborhoods, find a local soup kitchen and give to the poor, skip the middle man.

Vitasoy · 05-21-2004, 09:34 AM

Tax write offs and and it's good for Publicity/ Exposure.

TwinCities · 05-21-2004, 10:02 AM

by in large this is a myth. most millionaires do NOT give to charity. read the book, "the millioaire next door" a large % of those people say that they are thier favorite charities. this is fact, not my opinion.

12clicks · 05-21-2004, 11:02 AM

Quote:

Originally posted by TwinCities
by in large this is a myth. most millionaires do NOT give to charity. read the book, "the millioaire next door" a large % of those people say that they are thier favorite charities. this is fact, not my opinion.

Its a fact that some moron wrote this in a book.

do poor people really give to charity or is that a bunch of bs?

05-20-2004, 10:15 PM	#1
clickhappy Confirmed User Industry Role: Join Date: Mar 2004 Posts: 4,027	Do rich people really give to charity, or is that a bunch of bs? I'll read a book by someone who is supposedly successful and they'll talk about how importantit is to give to charity. but then I listen to The millionaire next door and those people dont give to charity. they only give to themselves. so which is it if you want to be loaded someday? give to charity or keep it for yourself?

05-20-2004, 10:16 PM	#2
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	Very rarely, but then I am a charity case. __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

05-20-2004, 10:17 PM	#3
zzgundamnzz Confirmed User Join Date: Apr 2002 Location: Los Angeles Posts: 6,102	They give to charity to make themselves look good. That and to give it to the charity instead of the government. If I was rich I'd give to charity. Nothing like having a college fund named after me __________________

05-20-2004, 10:19 PM	#5
merlin77 Confirmed User Join Date: May 2004 Location: Vancouver,BC Posts: 546	The rich ones that "brag about giving to charity" rarely do, it's the one's that don't wait for a camera to be around or a book to be published that are actually giving. __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.

05-20-2004, 10:49 PM	#7
webmaster x Confirmed User Join Date: Mar 2004 Posts: 4,400	I'd rather give it to the charity than spend it all. Maybe I can put it in a bank. __________________ Click 9500 FHG Text Descriptions--Only $89!

05-20-2004, 10:17 PM	#4
EviLGuY So Fucking Banned Join Date: Apr 2003 Location: malta Posts: 12,745	Sure they do.. it looks good and they get a nice tax writeoff.

05-20-2004, 10:20 PM	#6
MetaMan I AM WEB 2.0 Industry Role: Join Date: Jan 2003 Posts: 28,682	charity is all used as a write off, it all comes back to them in the end.

05-20-2004, 10:56 PM	#8
Oncle_Benny Confirmed User Join Date: Mar 2004 Location: Montreal (Qc, Canada) Posts: 1,595	thats funny...here in quebec bs means that you actually don't have a job.... __________________ ICQ : 318-084-904

05-20-2004, 11:09 PM	#9
Mishi Confirmed User Join Date: Feb 2002 Location: Scottsdale, AZ Posts: 1,054	Absolutely, and for many reasons. (I'm not a wealthy person, but I spent many years working for non-profit corporations and a bit of time working as a personal assistant to a philanthropist. I've also worked as an independent fundraiser.) I'd have to say the primary motivation is a sense of duty. Add to that true fondness for a cause, and you have a motivated donor. The tax benefits are probably a big factor, but I don't think they're the greatest motivation. The opportunity to get the family name on a room, hall or building is also a pretty big deal for a lot of the large donors. There are many who give quietly to causes in which they personally believe, without an expectation of recognition, but these people are not the majority. __________________ Looking for PHP/MySQL solutions? Check out Cyboriginal - custom scripts, installation services and more. Last edited by Mishi; 05-20-2004 at 11:10 PM..

05-20-2004, 11:10 PM	#10
SlickRick Confirmed User Industry Role: Join Date: Jan 2003 Location: Kingman AZ Posts: 2,849	I am sure they do, they get it back in their tax retrun. I read some where Bill Gates gives like 25 million a year to some non-profit org which he or his wife owns...LOL

05-20-2004, 11:14 PM	#11
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	A lot of them do just to get invited to social functions and charity balls. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

05-20-2004, 11:15 PM	#12
Rictor Old Timer Industry Role: Join Date: Jan 2001 Location: Indianapolis Posts: 12,208	If I was uber rich I'd give large amounts the the police fund raisers and political campaigns (all of them). Doesn't hurt to grease a few palms in case the heat is ever on you.

05-21-2004, 04:14 AM	#13
thatjen Confirmed User Industry Role: Join Date: Apr 2003 Location: Las Vegas Posts: 290	They give to charity for the tax write-offs Or people like Oprah have so much money that it would be pointless not to give some of it away to charity. I pay myself first, but then I always run out to pay anyone else.

05-21-2004, 05:38 AM	#17
Lykos Too lazy to set a custom title Industry Role: Join Date: Apr 2003 Location: World Posts: 31,027	Hmmm....probably they do...but again u should ask some rich guy __________________

05-21-2004, 07:03 AM	#19
kmanrox aka K-Man Industry Role: Join Date: Oct 2001 Location: The Gutter Posts: 29,292	yes.. it's a tax write-off __________________ Crypto HODLr Crypto mining Angel investor

05-21-2004, 08:42 AM	#20
bobosoft Confirmed User Join Date: Mar 2003 Posts: 152	Well, it depends what you are giving. If you give a charity cash there has to be some other motivation than taxes. If you are in the 35% tax bracket you are only recieving 35% of that money back from the government. Your donation still cost you 65% of what you donated.

05-21-2004, 09:11 AM	#21
PattyeCake* Confirmed User Join Date: Jul 2001 Location: Far far away... Posts: 843	Well, I'm certainly not "rich" but I do gve to several chaitities __________________ Big Hugs to ALL! PattyeCake* Make MORE with your sites with Rabbit's Reviews!! AND don't forget!!!! Help a Child

05-21-2004, 09:34 AM	#23
Vitasoy GFY HALL OF FAME DAMMIT!!! Join Date: Oct 2003 Posts: 58,202	Tax write offs and and it's good for Publicity/ Exposure. __________________ [email protected]

05-21-2004, 10:02 AM	#24
TwinCities Confirmed User Join Date: Oct 2003 Posts: 492	by in large this is a myth. most millionaires do NOT give to charity. read the book, "the millioaire next door" a large % of those people say that they are thier favorite charities. this is fact, not my opinion.