Sep 15
2020
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A Model for Giving Money Away While LivingPosted by Steve Marr in Untagged |
Most people in the United States have a Will or Trust directing where assets will be placed after death. The Bible is clear on the concept of tithing, “Bring the full tithe into the storehouse, that there may be food in my house. And thereby put me to the test, says the Lord of hosts, if I will not open the windows of heaven for you and pour down for you a blessing until there is no more need.” (Malachi 30:10 ESV)
Most of us have a tendency to hang onto most of our assets until pasted on at death. Charles Feeney recently provided an outstanding example, he give away $ 8 billion over the last several decades. His goal was to give away all of his funds prior to his death. A key advantage of giving money away while still alive affords the opportunity to be focused and ensure the funds went to the correct causes and organizations with effective management, producing consistent results.
John Wesley taught many years ago three key principles regarding financing giving: