Don’t Stand So Close to Me

Continuing from yesterday, I laid out different ways you could invest $1,000 of discretionary funds:

  • Contribute to a political campaign
  • Invest in a big business (through the stock market)
  • Invest in a small business (through Kickstarter)
  • Give to a nonprofit organization
  • Pool your money to give with others

What determines what’s right for you?

  • How much control you want: do you want to be able to have a say in how the funds are used? To what extent – one time (ask a favor of a politician one day), over time (direct a gift to a specific program at a nonprofit)?
  • How much proximity you want: do you want to be able to see the results of your investment directly, or are you OK with endorsing an interesting idea that happens somewhere other than you live?
  • How much visibility you want: do you want your name on a donor roll or an annual report? Do you want to be seen by other people as having given, like in a giving circle, and hang out with people who’ve done the same thing?

I’m trying to think of different ways to say “impact” without saying “how much impact you want.” Because of research is showing, maybe donors to nonprofits don’t want that.

What else?

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