Are you the kind of person who likes to give back by writing large checks? Or maybe you prefer to do more hands-on work, like volunteering your time or mentoring others. Whatever your philanthropic style may be, it’s important to find the right fit for yourself.
After all, you want to make sure your donations are having the biggest impact possible. So how can you figure out what type of philanthropist you are? By obtaining an understanding of the different types of philanthropists per Yitzhak D Stern.
The Different Types of Philanthropists
Here are some of the different types of philanthropists:
A checkbook philanthropist is a term used to describe an individual or organization that writes large charitable donations from their personal wealth. These individuals or organizations typically have a high net worth and can afford to write large checks to support their favorite causes.
Checkbook philanthropists are different from traditional philanthropists in that they are not as focused on creating a sustainable model for their donations. Instead, they simply write large checks to causes that they care about and trust that the organization will use the money wisely.
An Event Philanthropist is an entity that donates their time, energy and resources to causes they are passionate about. They believe in the power of giving back and use their skills and talents to make a difference in the world. Event Philanthropists are often involved in planning and hosting fundraisers, volunteering their time at charitable events and providing financial support to worthy causes.
Event Philanthropists are compassionate, generous and altruistic individuals who are committed to making a difference. They are driven by their desire to make a positive impact and create lasting change.
Some people or organizations set up their own private foundation which provides funding to various non-profit organizations. These are known as foundation philanthropists.
Foundation philanthropists typically have a strong interest in giving back to society and making a positive impact on the world. They may also have a specific cause or issue that they are passionate about, and use their philanthropy to support organizations working on this issue.
A government philanthropist is an individual who uses their position within the government to promote philanthropy and charitable giving. This can be done through a variety of means, such as establishing charitable foundations, awarding grants, or providing tax incentives for those who donate to causes.
Government philanthropists often have a broad range of interests, and their charitable giving can be directed towards a variety of causes. However, they typically have a deep commitment to promoting the public good and improving the lives of those less fortunate.
Now that you have learned about the different types of philanthropists according to Yitzhak D Stern, you should be in a much better position to decide which category you belong to. So, what type of philanthropist are you? Do you like spending large amounts of money or are more inclined towards organizing charity events? Or do you adopt a different approach? Let us know in the comments!