Recently I read a lot of interesting articles on "effective altruism", the science of doing the most good with the little money that each of us can spare:
- What is rational giving? (And why it is still emotional.)
- Video: Money can buy happiness. Michael Norton at TEDxCambridge 2011
- Three Myths that block Progress for the Poor. 2014 letter from the Bill & Melinda Gates foundation. (If you read this after 2014, the content might be updated, but this PDF still original.)
- Video: The Giving Pledge - A new club for billionaires
So Warren Buffet gives away 99% percent of his wealth during his lifetime or in his will. In the meantime he talks to other billionaires to convince them to give away at least half of their wealth and it seems he's quite successful at that.
There's also a more inclusive club for non-billionaires (like you and me) called Giving What We Can. All you need to do to become a member is commit to regularly donate 10% of your regular income to any good altruistic cause.
Twice in a row, I have used my winter-holidays in January to decide on and make a yearly donation. This time I realized that I can make my giving much more social by doing it in the traditional holiday season. Then I can talk to others what and where they intend to give this year. This will be much more fun and probably also do more good. I am looking forward to a great year!