You just inherited $1,000,000 from an aunt you didn’t know even existed. What’s the first thing you buy(or otherwise use the money for)?
I do not want to allow the saying, ‘Easy Come Easy Go’ hold true. It’s not always the case, having said that I have also seen what some do when they get a lot of money they did not earn.
I will give away this money to some of the charities in my aunt’s name. The money will go to those charities where least amount of money is spent on administrative fees. The administration will only be allowed one percent from the donation to spend, rest will go to people who need the money.
You’ve inherited $5 million, With instructions you must give it away— but you can choose any organizations you like to be the beneficiaries. Where does the money go?
My inherited five million dollars must be given away to any organization I like, makes me wonder why me of all people is entrusted to do this. This is a great way of keeping the person honest, if that little clause was not put in the will I’d probably not think of charity. I know of an incidence where the dying brother wanted something like this done with the insurance money,it was only something he told her, there was no legal document,so the sister ignored his wish and kept it for herself.
This instruction clearly avoids something like I have written above. Now I must carry on with which organization I’d like to donate the money to.
There are countless organizations all over the world, I have no idea how they operate and is it safe to give all that money to them. How can I be certain they will give the money to communities that need the most.
This is what I plan to do, since charity begins at home I will donate the money to organizations in my community. I will be able to know what they are doing with the money,whether the have-not’s in my community are getting the benefit or is it used by the bosses of the organizations.