Donations from Benefactors: How Much Does It Amount To, Really?
A rich man was reputed by a university to have donated something over a million dollars to build a branch facility to help kids. This was so appreciated they named the building after him. And here's the thing. I do not mention the guy's name, because it isn't right to impute wrong motives to a particular person. However, realistically, motives are heavily in question when large public gifts are made...
1. Was the gift given to avoid paying taxes?
2. Was the gift given out of a desire for fame or honor?
3. How much did the gift really amount to, after all?
Let's examine just point number three. How much of a gift was the $1,000,000.00? That's a lot of money, right?
Well let's figure a percentage of the man's total wealth...
(1,000,000 / 5,000,000,000) X 100% = percentage of the man's wealth.
That expression calculates out to 0.02%. Well, if the man had an average annual income of say $60,000.00, what would 0.02% of this amount to?
60,000 X (0.02% / 100%) = $12.00
So next time the Policeman's Ball wants a donation and you give 'em twelve bucks, tell them they ought to paint your name on at least one squad car.
Image Credit » Pixabay https://pixabay.com/en/donations-donation-box-charity-1041971/