In the end, you can think of the RISE system as
a basic question: Is this organization built to get the job done? And, will it help
you get your job of doing some good in the world done right?
Giving to a good cause can have a
substantial impact on the need at hand, but where do you start? There are so
many needs to be met, choosing a charity can be more challenging than you may think.
Fortunately, the “Oracle of Omaha” has some words of wisdom when it comes to
focusing and leveraging your charitable influence.
Actually, Buffett’s counsel is
really a framework of thought – the
“RISE Framework for Social Change.”
Forbes recently explored the RISE framework in an article titled “4 Charitable Giving Tips From Warren Buffett.”
Originally developed by one of the lecturers with Buffett’s free online giving
course “Giving With Purpose,” RISE
is an acronym to help center your thoughts and guide you toward good decisions
when seeing to do good, specifically:
- Relevance – Clarify what motivates you.
- Impact – What is your “portfolio” (the
collection of all your donations) and “toolkit” (the various ways you can
contribute including with your money)? - Sustainability – Is the charity likely to stay
around with its “business model”? - Excellence (in management and operations) – Is
the organization well-run from top to bottom?
If you would like to learn more
about the RISE framework, then read the original article and consider enrolling
in Buffett’s online course in the future. After all, the course is free and he
seems to have a pretty good track record when it comes to his financial
abilities.
Please
visit our website for information on
elder law and estate planning issues, and sign up for our free monthly e-newsletter.
The archive on our website contains numerous blog posts on these legal
areas as well. You can also “friend” us
on Facebook (R Christine Brown) to receive periodic posts on elder law issues.
Reference: Forbes
(September 6, 2013) “4 Charitable Giving Tips From Warren Buffett”