In our personal lives, we regularly make year-end gifts to organizations for which we have warm feelings. These gifts make us feel good, and doubtless they help good organizations. But this isn’t the way to change the world, and it certainly is not a responsible way to give away someone else’s money.
Why give away your own money in a way that would be “irresponsible” with someone else’s?
Why be smart, disciplined and strategic when giving large grants, and then drop all of these principles for your individual gifts?
Especially when individual gifts collectively dwarf foundations’ grants?