According to the 2013 World Giving Index, the United States is ranked as the most charitable country in the world. Americans collectively donate billions of dollars out of their pockets and countless hours of their time for the benefit of others. What is the motivation?

I’ve reflected on my family’s motivation, and our simple answer is that we feel it is the right thing to do. We’re fortunate to have the resources to help others, and we know that a portion of our own success was the luck of being in the right place at the right time.

Your reasons may include:

  • Having a connection to your school, religious group, or other organization
  • Tax benefits
  • Having excess resources that are otherwise not needed

The biggest benefit of philanthropy, however, is increased happiness. A 2009 Harvard Business School paper showed that giving increased happiness, and increased happiness led to more giving. From a personal perspective, I can attest that my wife, Lynn, and I have gotten a great deal of satisfaction from helping others. Is your experience similar?

Hill Investment Group