European Philanthropist Shares Advice on Giving
June 9, 2008 | Read Time: 1 minute
One of Europe’s most-generous philanthropists has shared his top five rules that guide his giving, reports Wealth-Bulletin.
Tom Hunter, the richest man in Scotland, who made his fortune by founding a retail-clothing chain, has pledged about $2-billion to education and humanitarian causes. His philosophy of giving:
- Regard philanthropy as a business and be organized in donating money.
- Have good relationships with experienced people.
- Persuade others to support your causes.
- Keep track of charitable projects through performance measures.
- Learn from failure.
For more on Mr. Hunter, read The Chronicle’s profile on the billionaire.
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