I was in my mid-20’s (20 years ago) when I inherited $300,000 (about $500,000 in today's dollars). Working full-time in the anti-nuclear movement, I lived simply and had no dependents, so it seemed logical to give the money away, mostly to groups doing antinuclear work. I kept several thousand to finance moving across the country, and fortunately found a new job just as the money ran out.
My grandmother’s trust provided me a final $170,000 inheritance when I turned 35. I put most of it into a Charitable Gift Annuity sponsored by a national peace organization which will pay me a fixed annual income starting at retirement age. I kept $33,000 for extra security for myself, investing it at zero-interest to a revolving loan fund providing financing for low-income people for housing and small businesses. As a war tax resister, I’ve mostly succeeded in not having my money go to the war chests, but continue to serve what I believe in.
I’ve never regretted giving up my financial surplus. In this world where so many lack basic necessities, let alone security, I’ve enjoyed having peace of mind rather than money I don’t need.
| 40 to 59 Years Old | $1-$10M | at least 50% | Inheritance |
| Peace | Passion | Simplicity |
Posted on December 16th by Clint Wilson
Give Something Back, Inc. simply rocks! My wife and I have been Bold to the tune of 100% of our net income (after expenses) away in 20009 and look forward to 2010.
It is true that "substantial giving is possible even in a recession."
~Clint & Cristy