Tuesday, March 26, 2013

A Resource Generation

 A recent NY Times article caught our attention.  It begins,

Most people would probably be quite happy to receive an inheritance. They would pay off debt, maybe their mortgage; save for retirement; take a trip or two. It would be blissful, and it would make their lives easier.

Then there are those who have actually received an inheritance, sometimes sizable, and struggled with the accompanying responsibility. How should they manage it? What should they spend it on? Do they even deserve it?

In this group, there is a small subset — call them trust-fund progressives — who want to give all or most of the money away while they’re young. 

From the Resource Generation website :

Since 1998, Resource Generation (RG) has engaged over 1,800 young people with wealth across the U.S. Through community building, education and organizing, we help young people with wealth bring all they have and all they are to the social change movements and issues they care about. We organize to transform philanthropy, policy, and institutions and leverage our collective power to make lasting structural change.

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