« Stuff You Should Know

Philanthropy: Humankind and Loving It

2012-11-22 | 🔗

Sure the fatcats get all the credit for donating millions, but did you know US households making $20,000 or less contribute the highest percentage of their income to charity? Learn more (not to mention a sexy look at the U.S. tax code) in this episode.

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This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
This podcast dynamically inserts audio advertisements of varying lengths for each download. As a result, the transcription time indexes may be inaccurate.
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cancer research. Chamberlain, stats taxpaying night here, give him some money, our desire to help turn of organization engaging really important sign. It, research. That's right and you can go to mobile, that seo. Slash Charles Bryant there's my page or just gotta move imprecise, type in trials, brain in the search bar and look for the picture of me. A couple of us out checks wearing a richer. Yeah. So what is it again? That's my browser see of flesh child bright. Yes, thank you in advance to pay and working in Pakistan Josh Clock with me. Those trouser reach a bright o hold on second body yeah. Can you got something to say? Oh yeah?
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and if you are in a package again, then you might wanna go online to why check out the road, the pumpkin Tonkin, that's already other some great video to search punkin, peel and current chunky see eight you and K, I n in science, in your favorite search engine and no bring that right up. Yes enough, again November twenty second, this thanks giving her a pm unsigned channel punkin shrunken the tradition. Are you writing a family back today? Is a good friend and long term producer, Jerry Yea, yeah, well, people slumbering all across the world right now, very sarcastic. Jerry were so like your bags. We missed, you saw doesnt, know us, look lepers meaningful. Nobody can very easily be turned sarcastic carriers that you can a cracker had assignments.
What were the first local, was in a movie now such a trumpet this point, but I wonder who invented a better that information is out there. I wanna, don't you wanna near the clearly I'm sure some movie website is probably tractors them first, so clap, let's find it. Everybody will weigh away which probably disguise yes, mister shock. Yes, if you were given money to somebody, you did nothing for you return maybe didn't, sell you a good or service. Even the money, what you mean dislike someone panhandling charitable organizations, sure that's going to be here a flying to pass the trick. Did you know that, like that's all, it takes an even better than the the bright shiny episode, in my opinion,
I'm proud of this one. How philanthropy words current even need money to donate your time. Your time is very valuable. Chuck here- and I think I can say this case speculating, but it seems to me that people are either like enamelled. My time is too valuable, but, like I can write some want to check yeah or like I'm a little light, but I can get my time or you can put it like. The government doesn't want me deduct time that I've donated but they will. Let me little joke the hundreds of thousands of dollars of donated this year. They should let you do that time because they ve actually figured out. I have like averages like an hourly wage around two years ago: nice. That would be awesome. I take it that in the tax code with great idea, you however, like if you receive donating.
Time by going down to like Louisiana out clean up after Hurricane or Kansas, serve Missouri to help clean up after a tornado there and you like, bought a bus ticket or you drove, you can deduct transportation caught I'll get my mix, but once you get there, the government doesn't care about. You are better off here. We can do that money as far as transportation Owen, just regular contributions right it depending on who you give to, and we have very thrilling segment in this. I never thought about the tax code. The ins and outs of checks are very excited about. I think this is Kennedy, but we're Toma, philanthropy and
this kind of become? I don't want to see vogue? Maybe it has for the altar rich. Some of the richest people in the world, at least the richest people in America, like Bill Gates, Warren Buffett to sign a pledge that bill Gates created the bill and Melinda Gates Foundation, created thing, saying: hey we're going to donate at least half of our vast wealth and they're, trying to sign billionaires. To agree to this and then will just be super super super, wealthy right or the bill. When the Gates Foundation, this like Superstar Foundation, is like in the assets it controls is like the gdp of several nation, get pretty me it's like thirty, seven billion dollars and assets right now. You do a lot with that in one of the people who saw none was Warren Buffett and he
worth forty nine billion dollars right now he's pledged eighty five percent of his fortune to the Gates Foundation, afterward libraries dead, which amends cannot there, so they may about eighty billion dollars in assets in their control, which were good, but I was going to say this almost as much about three quarters of the assets or the value capital value of the most valuable corporation in the world apple, which ironically, had a founder who may have never given a cent to charity really see jobs died without officially having given any money to charity at all, really any he was notoriously stingy and after his death. There is a lot of talk like hey did he did he really amass and eight billion dollar fortune in now don't need any of it right and a lot of people like you know what I mean. If you didn't, you know tech with you. He gave this
knowledge to the world and people are using it, the better humanity what he doesn't give money and other people, I guess You have eight billion dollars in personal. Well, you need to give some of that for other things like water and stuff, like that, you can't use an Iphone app for right sure. I guess it depends on I feel about it or another is another camp that was saying hey it's totally possible that he was just not a jerk and he D. You did a lot of money, but it enormously right. He didn't wanna budget or he didn't want a bunch of charities knocking, his door like hey, hey, give us some too, for whatever is that you're saying that did not happen? He didn't give an arms. No one knows it's a mystery. What I said for sure he didn't give any money ever as you suggest, on paper. There is no that reddish no record of him ever giving assent to chair the gadget. But it's pretty pretty interesting, like I can't imagine any a billion dollars not giving any of it away by a bill gates approach to me, like I'm, not saying that blood, and will you pick up the tab?
right it s a great, invalidate parking either I remember TAT Turner begun. It was one of the original guys to give a ton of money when he gave the billion to the. U N, a member that was a really big deal with time yeah I dont another he he gave to the EU and what they do with it. One day when the general fine. I guess so but it was a big deal with time is a long time ago. We like in the seventies and eighties now nineties, look two thousand, but it was long enough to go ago such that it was a really big deal. If someone gave a billion a personal individual get a billion dollars. I think at the time it might have been the largest individual donation. It's crazy, ever ass, neat, maybe elected eyes, because guy
but this whole thing this trend, that's going on now among the over wealthy is the kind of this throw back to the beginning of the last century. When, like the Rockefellers and the Carnegie were setting up foundations that are still around a day at the Fort Foundation, the with the Rockefeller they ve created like a boy to different trusts, thirty rock yeah universe. If in cargo bet there wasn't anything, I was involved in setting up huge our universities Cornell they all those were rich people. People endowing universities it. There was like there was a new university. Therefore, now there's Lithuania in Pr Leah before Foundation. The young Joseph Tee and Catherine together, and see
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easy to keep. It will help you protect what you ve worked so hard for get lifelike for up to twenty five percent off your first year, gonna lifelike, dotcom, slash stuff! That's why flocked outcomes Lester for up to twenty five percent off forget but anyway, so I'm usually associate philanthropy with the upper wealthy, but it doesn't have to be. You can be were and, as a matter of fact, the poorest Americans contribute the highest percentage of their income of any income bracket in their country. Did you know that you did? In fact, if the richest people contributed that same percentage, then there would be fewer problems in the world outside, but the rich people give the most because they have the most yeah I'll get stats. But look at this Well, let's talk about a couple of death. How many charities are there in the country where this is six hundred thousand in the article? I think it's a little out of date. Is it
As I found in two thousand eleven there, approximately one million eighty thousand one hundred and thirty charitable organizations. This is that was a decrease from twenty ten, so yeah, maybe this counts. Maybe this only counted, although this is it its foundations, yeah. I think there is an enormous increase: oh yeah yeah, today I have the feeling that this articles written about he doesn't three ok, well, that that would be a real big increase in a million here and they implies so arm three hundred and fifty five of which our religious congregations, which will get it
that three hundred fifty five thousand ok, I'm in their, not in the United States, in two thousand eleven charitable, giving a total of two hundred and ninety eight billion dollars yeah, and there was an increase from two dozen ten, which saw two hundred eighty six billion dollars a year, two hundred and seventeen from individuals, which is pretty amazing that seventy three percent of all charitable gifts are from people. And if you- after him, bequests like people leaving stuff in their wealth, which is also individual and family foundations. Well, it rises the eighty eight percent, more than anything it in. I saw eighty eight percent on philanthropy that Tom The cargo philanthropy, while foundations of fourteen percent bequest at eight percent and in last place corporate donations at five percent. Currently they give
and you know what I just worthy of the name of this is true- maybe we can get confirmation, you don't you go the grocery store and they ask you to reject the donated martyrdoms whatever, like oh yeah dollars on your thing here that weighs come, I'm a listener wrote about. Was that yeah? I think. Maybe that was it. Someone said that they call those donations under their companies under their corporation like, like you know, the grocery store donated that money. Those gets the ten million dollars and gives the tax deduction So when I think we should do that, but it is certainly consider future. Let's say: let's say you like: now: I'm not giving assent to Martin dimes premature babies can all like wrath and then but you really really care about muscular dystrophy so the time when they hit you up. For that shamrock like, of course now we will give one dollar five dollars well ts, for you because you have no say whatsoever and where that money is going because they pull it
together in a part of the quarterly or annually, and then they take the tax it exports? ever wrote that in like I've, stopped altogether giving it the grocery store like our own, yet and sooner owning a few bad thing known here. I have a kind of stop doing that to just because if you're gonna give money that will explain, you should take the time to research and do it in a way that you feel good about net responsible and that you know the monies go in yes I'll, it's a plus that buddy well one thing they point out early in an article there that we should say is that these days more more nonprofits are seeking. In different ways- because a government funding, is declining in Are we going away altogether,
so they need money more than ever and costs are going up. Obviously so that is, why will you will see websites billboards in door to door and fires and everything to get in touch with the potential Donnie right, donate or donor donor with getting they read. Word means that, but, like you said whether we didn't have to be just about money, no doesnt, but the word finder p means that you love humans filled, means loving care and throat or an throw power. Entropy is humankind, so you love humankind by giving money to it. That are you demonstrating your love humankind? That's nice!
checking out charity? So this is a big one. It's a big deal. How many people do this? I think I don't know I want to say like choice you began, I don T know, but I mean like normally the charitable giving ideas like. Whoever is ringing. The bell at that moment, or something like that, as he was always on an individual basis like it's, not necessarily through charity right, they say there are few guidelines. You can look for if you check out a charity to judge whether or not you think there, you know spending money wisely. Generally, fifty to sixty percent
Every dollar should go to the actual work, the charity work right and then the other remaining for operational marketing administrative costs. So I I from what I saw this in a very generous towards the charities percentage, twenty five percent of the costs for administration and fund raising to seventy five. Seventy five should go to programmes, but that's a charity choices that calm. Yes, as that is probably the ideal yeah sure. I think that if the sixty senses, like anything less than and you should really like examined on the means of those people at the top taken, a big, paycheck or they're, not doing a very good job of managing the money. But it could also mean that the if you look at the age of the charity or the size of the charity, like there's an economy of scale and raising money. So if you, if you are established, you haven't establish, name, or even doing us awhile you at your fund, raising costs are going to be,
our than say a new charity or a radical charity that that there does controversial work yeah? They can have a hard time generating money, so just because fundraising costs are high, doesn't mean that there are like just enjoying lavishly accede, obeys parties net, where all the monies succeed obeys like divers, rather than business, casual based gotcha, rather than a turtle next in jacket based. If you want to find out about a charity in nineteen eighty seven, you can write a letter to the local charity registration office, usually within the state attorney general's office and six weeks later might get a letter back these days. You can go online and I went online actually today and registered with Guide STAR and as a charity, Now- has the money. Thirty companies, if I know guide star, is one of the poor.
You gotta check out other charities and that you have to register the login and because I wanted to check out, you know like our friends at cooperative education. Yes, like all the records are there for nine? Ninety four? Ninety is what you're looking for. I looked at a text for My first thought was man. I feel so bad that Jonas guys have this thing out of all. Men are buried data so long in, but they don't have the file tax. If so, yet her whatever it's all a wash right but you'll, be glad another Vienna. I've seen your great work on the other. We knew that Javary they find it no there. We saw at first hand the we check. Those guys are personally, I stay behind it. The sooner for better, better Business Bureau, another place, the foundation centres another place and you can get basically have access to the numbers. If you really want to check it out thoroughly right so that the form nineties gonna have a general description of the work they do that,
they do who's running the thing where their money is going, and I think it gets a little more specific than dislike programmes fund, raising an administrator that's right, doesn't it break it down a little more yeah like there's had all the different you know drives than they did in it broke down, specifically if you are in Looking on itself up it's their Ryan, I mean like, if you really want to know, I mean if you give to like a mega charity, yet like the Salvation Army United Way or something like that, yeah like they have more than twenty one programme, so they
be doing work that you don't necessarily agree with. So there's another reason to go. Look at four nine! Ninety, MR because you'll see what what programmes are carrying out like all of them yet! Well, that's what the common foundation gotten, however, remember the whole plan parenthood thing! Last year there was an early this year. It was so at some point in the recent past here so that in out there's, when you get that big, there are other associations you might wanna know about yet, depending on your ear officially, you socio political affiliation tried others about three ways that they're gonna be spending their money, though programme services, and these are that what you want your money be going to most. If you wanted to feel better about yourself at night right, you don't pick up the water bill there, the building you, I think I put the sandwich in anything. And sure right a good mind to management operational costs is next, like I said it's a little less exciting to think about that, but they need to pay the rent and bills. Evidently they need
Sure I'm, then you got fundraising which can really wrap it up. I mean it's everything from my direct others to lavish party, if your courting celebrities they like that kind of thing and A well run. Well managed charity can take. You know x number of dollars wherever there there fundraising, Consarn growing exponentially yet used correctly, but there is also carries out there that don't know what they're doing it shouldn't get the same funding. If you got over a million this ban to be a handful that are quite right, right and centre right scams yeah. Unfortunately, I think we have one as well. There is a guy in this article there's a guy. Here is Texas, who, after a tornado, I think he often he set up a charity that asked people the male one dollar donations checks made out. A cash
and male under this p, o box and people did he kept the money. I surprisingly theirs. Is this a bad place where those people in their next life of shared investors? That's about the worst thing you can do it knowing likes you when you're a drifter other drifters. So, like you re sure, though, make movies about you, but I mean like that's about it. Just how would you go about soliciting money if you were a charity you're a nonprofit well not for profit, or one of the things I would do is possibly take some of my initial money, my initial capital and I will buy so mailing list of other donors from other charities, which is extremely common practice. These days here, we're not gonna money to make your net well, that's that recently do it. Then they, like a charity. Well, will compile a mailing list enough, so Othello journeys for income. They can! Yes again, it's come!
practice. They also we'll sell them nervous for the money they may swap them with other charities, because if you ve donated to charity, you ve separated yourself and from a lot of other people here and there somebody who may be willing to give money to a different charity to so that's one way out, a direct mailing. I would hire a bunch of clean cut teenagers who are enthusiastic about the charity that they represent an infant under clearly labelled here through uniforms impossibly matching catchy parents, as representatives of the charity, complete with identification and lots of pamphlets about the programmes that we have now like you're, the starter get ready it's, I'm I'm ready. I just need some an injection of funding. I dont know the programmes here, but everything ass. I got lined up as this article points,
if you are getting more solicitation than you like, you can nay, seven write a letter to the organisation request, your name be removed, It may or may not work and keep a copy of that letter you can just go to their website in unsubscribe, though, is that I think are things that gave us away was like come the it saying, like more more charities are starting to go to the web now get exactly. Then. I think the web of capitalism in quotation marks and then in parentheses afterwards said the world wide web were his wicked. If you want to donate, you can give cash walking by a Salvation Army Santa Claus. You can I mean it's a waiter. He could do you change in the bucket, done the work, though you're looking at form, nineties and stuff, like that they probably supple men over the actual charitable, giving your daughter. So if you
like really seriously philanthropic. Like its past time of yours or a attack strategy, is we'll see you. You will probably want to write checks because a good record that you want to keep you might want to get on your bank and get the cancelled check after it's been cast and I'll keep it in a safe deposit box, yes or because It is not nineteen, eighty seven, you can turn it on the internet. With your credit card, yeah here, more and more charities are going to the web, and there are just as many records as if you wrote that check and it's all very legit these days. I probably dont need to worry about it. Unless I mean, if you can't tell the difference between a reputable website at this point, then you're one of the people that false that nigerian scam. I guess I feel bad for these people have Sancho making fun but we'll go. Listened of. Economists episode
helpful made little companion this one. Sadly I'm? U can also if you are loaded or if you really don't like your family, you can leave money, lion, good, you're, old, mobile, all those things to charity still taken. Maybe I will be here my squatted land. There are becoming quit that two of the current very very nice secure, maybe like thanks for this. They now we can do nothing. We had the mothers in justifying away is really popular.
These days earlier, donating all things that you dont use anymore and, as you know, we ve been doing this for ever in terms of like furniture and clothing and stuff like that, but nowadays things at computers, eyes. We mention in a recent listener mail or an upcoming respect, listener May, which are still trying to get to yet about donating all computers to this group in Athens, Georgia. There are lots of organizations do that now you can donate your car right, that off office supplies building materials, emergency supplies- those are huge. Obviously, when catastrophe it when the pulpits the fan the tried and you can write, muster the stuff,
Well, you can, you can write a fair market value of it and if you go to an auction- and you pay way more than some the something's worth, you can write off whatever you paid over and above the fair market value of that thing, an ice near the sucker fate at the philanthropic, the other sites that they give it back. He offered an idiot repaying that much money but give it away, and while we such a right it off, ok, you wanna talk about tax, suffer no lower about it. So there two kinds of others there's three kinds according to their iris, their tax code, the? U S, tax code, there's three designations and then a few said designations which will guarantee to the letter. The sexiest location on the planet, the tax good for charity organization, right if the shades of Green is what they should do
the others. Have you read that now I waited awaits you say you like sweating all the time I mean it was pretty racy creepy blue through the series in Vienna a couple of weeks the person was earning like a million dollars a day or some some crazy amount from that for weeks for right and smart, I guess good for her, the lady right, yeah cattle, a man's name, Frank, no, initials this very massacre, in my opinion, that J K Rowing something dude here. I never thought about it and is an elite pity James. It's almost sounds like pity anyway, I'm three tax code. Yes, so the one that everybody's heard on his most familiar with his five or one two, three, yeah. You know you ve heard of a five or one c: three corporation, don't pretend you have elected to cool the know about this,
four and five, your favorite. I guess it's a theory, so the violence, that's three point: six yeah, that's that's the money organization. That's the one: that's like! I'm a covers adequacy prevention. Of cruelty to children. Animals will can organization, awesome, educational charities straight up. Charity charities, the apples. Poor in needy religious charities, scientific organisations near yeah, literary, my favorite, that support national or international amateur sports, which is pretty sweet yeah. You can give life to the: U S, keeping right Don kings. Involve, though, do not you dont look for a text the Organisation and they're not testing related to public safety, which are trying to figure out what that would be
It may be an organisation that goes round setting off incendiary devices in followed shelters to see if they hold up here, not sure I was gonna say like other safety, but it seems like that would be the Otto companies privately doing that and was very like no there's open an organization there are like the gather are a bit you that's what it is. So anyway, I'm all those except for the public safety one. You can write off like without thinking twice without prejudice, yeah yeah right! Unless
these any that that is a not for profit or nonprofit corporation. That's overseas, yes in it means that their based overseas, not necessarily they do most of their work overseas right that whether their incorporated is overseas yeah because code, for instance, as I mentioned it, they are basic Cincinnati, even though the work they do is usually Guatemala right. That's an excellent point, so that's the Oh, it's three. You ve got a public charity. You got the private foundation and private foundation. Is it gets its income from investments endowments and then it's basically a charity for other charities. Yet and grants that to whoever they see fit right and that's a good one
ass in because they are, they usually know exactly what they're doing more than you yeah. You know the answer and the like their hold. Their work is charity, so, like they're looking for up and coming month, Windsor do really great work yet understand, what's well me that kind of thing. Then you have a private operating foundation. Yeah, nay, I don't need to directly to the causes. Instead of granting grants to other charities right, though the private foundation, if you give to one of those, you may not necessarily be able they deduct it by the charity or a private operating foundation. Most of the time you you'll get the folded action. I think that's up to about fifty percent of your adjusted gross income. So if you make fifty three dollars and you get donate twenty five thousand. You can write that off it'll. Take that right away. Yet that's true! That's a pretty good text read
it is incorporation. Skin are allowed to deduct all contributions to usually about ten percent of their taxable income, which then I'll. Let you that's where it ends, but am you think about it? What about corporations that like have zero taxable income like because of their fancy, accounting like today donated all? I have a big question and I was quite cynical: they're gonna, like cynicism, I said that's probably where they stop donating is when they reached. Threshold, not necessarily true, but you know. Maybe this way you know the young. The tax deductible charitable contributions as it stands now is kind of under threat. Actually, because the Bush tax cuts are going to expire, possibly here if the Bush tax cuts expire then for the
for those higher income bracket here they'll lose about eighty percent of their deduction abilities, which I would think would show a pretty steep drop in charitable, giving in that tax break it yeah and even those only five percent. That's in a still that, like fourteen billion dollars now- and then Obama, has a proposal that I don't know if it's going anywhere, not to basically like set twenty percent of your just a gross income as the maximum, you can deduct for higher income tax brackets era of illegality were there, but we may see charities like really get hurt in the future and so ambivalent. Right now, are you not you're angry? I need Evelyn's. What about the C4?
a boy. The C4 that covers that code covers organisations that lobby on behalf of specific causes, social welfare and stuff like that yeah. So member there was a big, but the moment I couldn't remember before they can remember it. Now it was a lobbying group. They had five or one see three status, not as he for no but heavily three yet, but it was all they were lobbying on behalf of social values. Member Mcdonald got called out, unlike left all these huge corporations like let this lobbying groups using a chamber of commerce arm in somehow they. If I've always see three said it's not a big call for them to go back be forced into five or one C4, which would mean a lot they'd have to pay taxes right. That also will include Volunteer fire department. Those interesting and civic organizations
and they are not deductibles charitable donations to the sea force, except for volunteer fire depart. And veterans organism yeah exactly took as we give to the eight. Are they C4 or the VFW Rebecca? Were the Moroccan Legion Living, not the french Foreign Legion, though their oversees, the sea, six Josh the sea? Six, that's that's! Actually. I guess it should be that that organ that lobbying groups should be. If I once you three, it should be a sea six, because this covers trade associations and boards yeah chambers of Commerce Real Estate board. Here we can forget those are you can't deduct any or any gifts to those as well? Basically just fibre once he three everyone makes your son a profound nation. I that's a private operating unnecessary dying money.
We mention you can donate your time right as voluntary, which I think it's kind of a new way to go about it. If you like, you, know grass roots hit the ground, get your hands dirty. They have figured out that actually, this articles on an answer, I have a new staff for that oh! No, they figured out that it is an estimated dollar value of volunteering. Time is twenty point. Eighty twenty thousand eighty five since in our while in two thousand nine while great and so in two thousand nine. The volunteer time totalled about a hundred and sixty nine billion dollars. How much of that is wasted, though, is out there in this article they site you PS survey, you Ps Foundation are there was taken his back and ninety eight, but at the time I found it, like forty percent of all in tears said that they stop volunteering because they felt that their time was wasted, while their volunteer year have
experience like that, and I get it you know, because if you dont have a lot of time, you are going to get my time you want to have it be used in that I want to call out through this was, but it was a group in town volunteered showed up and like they did not to do with me, and I did a couple times they did not to do with me till then shells like you know, I'm not gonNa Compaq likes it around. Here you go on somewhere else, or maybe you should get our act together, a little bit more, but it stuff. You know I mean it's easy to criticise- is tough to manage volunteers. It's one of difficult things said, the article one of the most difficult parts of running one a nonprofit is, is managing and maintaining your volunteers. They will then brand new and I'm sure they want to be the one doling out soup in our work.
Really need someone to lift those boxes in the back with his own glamour, its unglamorous and suspend the easiest thing in the world to manage expectations and what we should be doing in training and the like. They have come to that, but to sixty five percent of households give the charity average What contribution two thousand two hundred and thirteen, where a majority of charitable dollars went to religion. Thirty, two percent education, thirteen percent grant, making nine percent human services- it just says: percent availing making electricity with bodies that ninety eight percent of high net health households are give the charity, which is great and beneficial for your text, says nothing it's why? But you know it's good it s there,
and then twenty six percent of people volunteer and those in religion leads away again at thirty five percent, which leads us to. Did you read article? I scan yeah. Let's hear what you get to say. Well, Mitt Romney was criticized recently because- and this is criticism by Bill MAR so take it with a growing salt right, but he counted sixteen point. Five percent of his income is charitable donations, a lot of which went to the Mormon church. So brings up an important thing. Tithing. If you are a believer of the Bible, you're supposed to take ten percent off the top itself, it up. Is it the current arrive in love? and you can write that off. Didn't. I didn't know that until the day I do so
Mars says that you know some churches and like these well to do. Organizations like symphony orchestras colleges and universities with large endowments shouldn't countess charities any longer so he's gonna slinging some harsh words there, but that sort of says that the only people who can benefit from charity or the poor- and this is not necessarily the case- is in you- got the hospitals in libraries, museums in these other things, animal organizations that would be thrown out under the bill model in a well I mean you need to do- is inject oil. Capitalism like make the humane society
yes pc, I really cannot compete for money. One left standing is the one that is to survive and they did a study in church budgets in two thousand. So this is not super updated and Christian. Today, this unfounded, an average church budget is about two hundred ninety two thousand dollars. Forty three percent went to staff compensation, twenty percent for facilities, sixteen percent for missions, nine percent for church programmes. Six four admettin supplies three percent for denominational fees
and three percent for other handling fit in with this, and one of the things that I how much was said how much about what we really want to charity. Well, that's the thing, though, the church itself qualifies as a charity with us not exempt status right so, like I guess, the sixteen percent for mission work would be charity. Nine percent for church programs, out of that, could be charity, but one of the issues is with them, but is that also like the music programme, That's what I'm saying that one of the issues with with considering churches charities in this is written by a christian organization, saying that
just need to get better about connecting the giving to the outcome, because people like knowing, like the literal outcome of worm, giving my money right, whereas churches apparently are not very good at time that together and it's really dislike it? Your tie this just for everything, instead of its for this programme in this programme, is used in this way. So you no solution to that. Turning a mission to church. Hey, do you like that your taxes. Does anyone know? Well, here's the deal They're gonna make it easier on: U H, our blockers filing your own taxes online with age and our block can be done. Super fast, dare I say, Jeff, you dare say, because it's true chuck nor block online guys you three simple process and you can connect chat instantly with the tax expert for unlimited,
help. When you go wait, what is the IRS asking me absolutely agent, our black attacks prose? even screen share, so you can show them exactly where you're stuck that super handy everybody and the best part is You always know your price with age and our black no surprises, no hidden fees for a better deal. Better choose block. Go to H are block dotcom, slash next time do that today it get started its better with blood. If you want to know more about philanthropy or philanthropy, if you say things like a weirdo, you can take that word into the search bar house, the forks dot com, p. H, I out the anti each r o p. Why philanthropy
I see him you search bar or so far with enormous, remember day, goodness, since we're covering philanthropy we're gonna support co, it does we haven't done it and, while welcoming often you wanna tell me about the organization for those of you don't know, Go back into the deep archives in fine, our Guatemala Adventure part one and two, it's the one and one no economy can clearly here Jerry speaking but we want to Guatemala City first hand. What be cooperative education does what they do. Is they take money from different donor Mr Hyland altogether combined works for a class in Guatemala. Then those kids pay rent on those books, something this affordable. Take two bucks a year, something like then that the average Guatemala and family can afford fairly easily here
does he know poor health, Moscow and then at the end of that year or a couple years are few years when the books are worn out that that school has the money to replace him. So it's self sustaining model, and basically you can help a kid get out of poverty by getting in education or otherwise they will be in the field in making Turkey is which we found out. They do in addition to going to school. They did you great work within a profound within we firmly behind this year and not only they have a program, any computer lab programme Some your money can gotta computer lives in and getting these kids, not only computers, but I'm training. It's the same model. Yes, what, rather than like a set of books, it's like a computer lab critical let me set, these kids have never seen before their in their learning, how to use computers getting better jobs,
you can visit, who operative or education that work and that's different middle websites. I gotta cooperative for education network, You can now there's a donate now button at the top right of the screen or you want to go down there. You don't want to, Yes, let we had some listeners girl, yeah Guatemala, under Jerry skin. She is. She became very, very much involved with ECHO Edna after that fried chicken return several times. It's when she whence he would go and the beasts of you should know listeners that way because they listen. A moment later, that's right, and there were twenty thirteen February nineteen to twenty fourth or August six through eleventh to the land of OZ. Bring, and you will not regret it was very nice, and I'm gonna go again with the website. Again. Cooperative education, Edward, yet go give your money is well spent. There are therefore no ninety
we're volunteer or helped somebody opinion. There are enough to speak philanthropic, not misanthropic, right, new teacher. This is that any chuck- let's just take this moment to wish everyone happy Thanksgiving seriously. I don't know if you have traditions like sitting around the table and like telling each other what you're thankful for doing that Maybe you don't even have family. You have no one in the world, surely the something for you to be thankful, for they did I am thankful for that wall
carpet square, that's awful vive. You Eddie! So after Chuck, yes feel yeah, whatever your tradition is, we hope you're safe in Hosty and happy, and you have the words of the great turkey in use here that it will make that our son of every everything's here only we were great- want that the Turkey Spirit, the great the warmth of the great turkey in your spheres suddenly. There lies a little thinking for return market agreed. Let's get to work on that. Ok! Well, until then, happy
giving everyone pc if you want to get in touch with us to wish us thanks giving tidings. Even if you from Canada, which celebrates thanks giving some preposterously early time, yeah we'll still accept your tweets s. Why, as key partners, they hire Facebook, Facebook that come such that we should now and, as always, you can send us in electronic mail to stuff. Podcast discovery for more on this and thousands of other topics does it how stuff works out com? How are you feeling today right now how are you feeling about the world living duenna? Make the world better. Do you know how, right,
but you know who did Mr Rogers I'm Colonel Wallis hosted finding Fred Pack has not read Rogers Norton million. Here all ten episodes defining Fred Iheart Radio broadcasts more wherever you listen,
Transcript generated on 2020-01-17.