The efforts of internationally renowned philanthropists like Mother Teresa have helped shape the destinies and futures of thousands of less fortunate members of society. It is through philanthropy that the world has come to witness and benefit from top surgeons, pilots, and even war veterans who initially languished in dismay and poverty. After all, not everyone is privileged to be born in a royal or elite family, let alone a working class!

There are thousands of organizations across the globe that leverages the collective efforts and resources of like-minded people to bring hope to the less fortunate. For instance, setting up trust Donor Advised Funds is a sure way that philanthropists use to maximize their donations inflow. This includes either through cash or appreciated assets.

Besides putting a smile on the faces of millions of beneficiaries (some organizations donate globally), there are many priceless benefits that come with philanthropy. They include but aren’t limited to the following:

  1. Self-fulfillment

At some point in life, everyone has donated either directly or indirectly to a charitable cause. How do you think the world would look like without philanthropy? How would you feel if you fail to help and you are in a perfect position to do so? Well, without philanthropy, most lives would be uglier, darker, and flatter, with no sense of pride or humanity. In other words, the more generous you tend to be, the happier and healthier your life becomes. Self-fulfillment that comes through philanthropy is unmatched and unparalleled.

2. Capitalism is promoted

Even the most capitalist states like the USA believe that capitalism and philanthropy share close ties as the latter boots the former in many ways. There are people who are insanely rich, thanks to their hard work, inheritance, or even luck in rare instances. When part of this wealth is given to society, the less fortunate can use it to expand opportunities for their future generation which would otherwise wallow in inherited poverty.

3. Give immediate solutions to undocumented problems

Philanthropists come from varying angles with different stripes. At the end of the day, each organization gives privately, but the donations impact a larger part of society. This comes in handy to help various governments that cannot solve such problems on their sole reliance. From various anecdotal accounts of beneficiaries, donations give the speediest path to success, excellence, and poverty alienation from society. Remember, unlike governments or a monarch, philanthropy isn’t marred with bureaucracy, nepotism, or tribalism. If a donation is channeled towards a certain region, all the less fortunate are considered.

4. Getting an experience that isn’t taught at schools

Many people fail to unlock their maximum potential because they don’t get that street and environment experience which isn’t taught in classrooms. Giving out to the less fortunate enlightens your perspectives and empathy about the world and humanity. This is a rare skill that can realize the wildest of your dreams.

5. Legacy

Lastly, philanthropy can be your long-lasting legacy here on earth even when you are no more. The lives that you change and impact positively will never forget you. Moreover, your deeds will not go unblessed. The blessings can manifest in the next generation. Remember, legacy is priceless as you can only build it.