{"id":418,"date":"2006-11-04T07:07:46","date_gmt":"2006-11-04T13:07:46","guid":{"rendered":"http:\/\/selectmetrix.com\/blogs\/?p=418"},"modified":"2006-11-04T07:07:41","modified_gmt":"2006-11-04T13:07:41","slug":"entrepreneurs-and-charity","status":"publish","type":"post","link":"http:\/\/selectmetrix.com\/blogs\/2006\/11\/entrepreneurs-and-charity\/","title":{"rendered":"Entrepreneurs and Charity"},"content":{"rendered":"<p>Inc.com posted this article earlier in the week &#8211; <a href=\"http:\/\/feeds.feedburner.com\/~r\/inc\/headlines\/~3\/44176528\/charity.html\" target=\"_blank\">Entrepreneurs Twice as Charitable as Heirs<\/a>. The main thrust of the article:<\/p>\n<blockquote><p>When it comes to charitable giving, self-made entrepreneurs are more than <strong>twice as generous<\/strong> as millionaires who acquired their wealth through inheritance, according to a new study.<\/p><\/blockquote>\n<p>I think many people would have guessed this result. I think there is a principle here that affects lottery winners also. We&#8217;ve all seen the follow up stories of lottery winners and how their lives were not as rewarding as they expected them to be. The incredible wealth did not bring them incredible happiness.<\/p>\n<p>The difference in donations between self-made millionaires vs. millionaire heirs is <em>not even close<\/em>:<\/p>\n<blockquote><p>&#8230;entrepreneurs donated an average of <strong>$232,206<\/strong> per year, according to researchers at Indiana University&#8217;s Center on Philanthropy.By comparison, donors who inherited their wealth gave an average of <strong>$109,745<\/strong> annually, the study found.<\/p><\/blockquote>\n<p>I always been a believer that if you donate substantial amounts of money, it will never own you. Perhaps the self-made millionaires have a better understanding of this principle than the heirs?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inc.com posted this article earlier in the week &#8211; Entrepreneurs Twice as Charitable as Heirs. The main thrust of the article: When it comes to charitable giving, self-made entrepreneurs are more than twice as generous as millionaires who acquired their wealth through inheritance, according to a new study. I think many people would have guessed this result. I think there is a principle here that affects lottery winners also. We&#8217;ve all seen the follow up stories of lottery winners and how their lives were not as rewarding as they expected them to be. The incredible wealth did not bring them incredible happiness. The difference in donations between self-made millionaires vs.&hellip; <a class=\"read-more\" href=\"http:\/\/selectmetrix.com\/blogs\/2006\/11\/entrepreneurs-and-charity\/\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[5],"tags":[],"class_list":["post-418","post","type-post","status-publish","format-standard","hentry","category-trends"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5Oho-6K","jetpack-related-posts":[{"id":222,"url":"http:\/\/selectmetrix.com\/blogs\/2006\/08\/5-habits-of-millionaires\/","url_meta":{"origin":418,"position":0},"title":"5 Habits of Millionaires","author":"Derrick Moe","date":"August 9, 2006","format":false,"excerpt":"Who wouldn't read this monster.com article - 5 Habits of Millionaires? I suppose millionaires. Yesterday, I posted on the cars CEOs drive. I suspected that they drive \"common\" cars but may live in nicer homes. From today's article: Many wealthy people live quite simply, he points out, choosing less pretentious\u2026","rel":"","context":"In &quot;Trends&quot;","block_context":{"text":"Trends","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/trends\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1357,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/12\/the-young-guns-of-vc-former-googlers\/","url_meta":{"origin":418,"position":1},"title":"The Young Guns Of VC-Former Googlers","author":"Derrick Moe","date":"December 28, 2007","format":false,"excerpt":"Most people are aware of the insane amount of money Google keeps earning, but the New York Times (h\/t Online Media Daily) offers up an article about what the former employees are doing with it.\u00a0 They are starting their own venture capital firms. What I didn't know was that this\u2026","rel":"","context":"In &quot;Trends&quot;","block_context":{"text":"Trends","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/trends\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":589,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/01\/doing-something-on-the-fringe\/","url_meta":{"origin":418,"position":2},"title":"Doing Something On The Fringe","author":"Derrick Moe","date":"January 19, 2007","format":false,"excerpt":"From Inc.com's Not Only the Lonely Become Entrepreneurs: Ever wondered about the kinds of people who become entrepreneurs? In a recent survey, 43 percent of entrepreneurs admit they were loners as kids, while 25 percent said they would have been described as nerds. Isn't that interesting? As a psych major\u2026","rel":"","context":"In &quot;Communication&quot;","block_context":{"text":"Communication","link":"http:\/\/selectmetrix.com\/blogs\/category\/communication\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55016,"url":"http:\/\/selectmetrix.com\/blogs\/2019\/09\/entrepreneurs-vs-employees\/","url_meta":{"origin":418,"position":3},"title":"Entrepreneurs vs Employees","author":"Derrick Moe","date":"September 12, 2019","format":false,"excerpt":"Your employees are not as committed to your company\u2019s success as you are.\u00a0 If you are an entrepreneurial owner, this fact is something you must understand.\u00a0 I have seen this misalignment in many companies and it often leads to turmoil within the culture. This entrepreneur.com article provides 6 important points\u2026","rel":"","context":"In &quot;Leadership&quot;","block_context":{"text":"Leadership","link":"http:\/\/selectmetrix.com\/blogs\/category\/leadership\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/selectmetrix.com\/blogs\/wp-content\/uploads\/2019\/09\/Geyser.png?fit=560%2C315&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/selectmetrix.com\/blogs\/wp-content\/uploads\/2019\/09\/Geyser.png?fit=560%2C315&resize=350%2C200 1x, https:\/\/i0.wp.com\/selectmetrix.com\/blogs\/wp-content\/uploads\/2019\/09\/Geyser.png?fit=560%2C315&resize=525%2C300 1.5x"},"classes":[]},{"id":2196,"url":"http:\/\/selectmetrix.com\/blogs\/2009\/12\/salespeople-born-or-made\/","url_meta":{"origin":418,"position":4},"title":"Salespeople &#8211; Born Or Made?","author":"Derrick Moe","date":"December 10, 2009","format":false,"excerpt":"The nature vs. nurture debate is one for which I am most intrigued.\u00a0 My Bachelor\u2019s degree is in psychology and this topic was a popular debate topic in my courses.\u00a0 Yesterday I came across this article from CNNMoney.com - Are entrepreneurs born or made?\u00a0 As I look at the stats,\u2026","rel":"","context":"In &quot;Aptitudes&quot;","block_context":{"text":"Aptitudes","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/assessing\/aptitudes\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1150,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/08\/defining-entrepreneurial-traits\/","url_meta":{"origin":418,"position":5},"title":"Defining Entrepreneurial Traits","author":"Derrick Moe","date":"August 24, 2007","format":false,"excerpt":"Since assessments are a large part of our business, we are naturally drawn to these types of stories - from CareerJournal.com's How Some Entrepreneurs Manage To Score Big Again and Again (emphasis mine): In 2000, Mr. Stewart published a study with two other researchers looking for common traits among serial\u2026","rel":"","context":"In &quot;Assessing&quot;","block_context":{"text":"Assessing","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/assessing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/comments?post=418"}],"version-history":[{"count":0,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/418\/revisions"}],"wp:attachment":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/media?parent=418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/categories?post=418"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/tags?post=418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- WP Super Cache is installed but broken. 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