Moguls Magazine Quarterly Issue 2 Fall 2014 COLLECTORS EDITION | Page 16

helping others through unpaid time, providing services, expertise, donating supplies or materials or making a financial contribution to help others, that is philanthropy. Philanthropy is not defined by the amount of money we have or give. we have to change our way of thinking about our philosophy of giving. we all have a heart to give, sometimes we may not have time to volunteer or feel like we are not giving enough financially. But there are simple more practical ways that you can practice philanthropy that will provide a mutual benefit for our business and those wecan help in our community. In business the saying goes “time is money and money is time”. According to Independent Sector online, “The estimated value of volunteer time for the year 2013 was valued at $22.55 per hour”. So what does this all matter and mean to you? Only a small percentage of the population was born with a silver spoon or inherited wealth. The rest of us have actually put in the work to obtain the “American Dream” by pulling ourselves up by our bootstraps. And sometimes we forget that our brothers and sisters and neighbors and friends need us. So, we don’t volunteer our time and resources. Neither do we give to organizations outside of church. But we must do better. Our survival depends on it. In the midst of maintaining the quality of life we want and supporting our own families, we must also consider how we can support the local community where we reside. And determine how to help others less fortunate, remembering that we all at one point benefited from some level of assistance (student loans) and support (family, mentors and friends) to get where we are today. whether it was financial, personal or professional support; we all received something to help us move forward. It’s not about giving people a handout, it’s about helping with a hand up. If we did more of this in our community, the Government would have to do less. remember that giving benefits the both Giver as well as the receiver. And business owners can receive added benefit through tax incentives for the giving that you ˈ