Magazine article Journal of Property Management

The Cycle of Giving

Magazine article Journal of Property Management

The Cycle of Giving

Article excerpt

Early philanthropists laid the groundwork for a culture of giving in the U.S. One of the proponents of modern philanthropy was Andrew Carnegie, a wealthy business entrepreneur. His philanthropy included starting agencies that would provide "ladders upon which the aspiring can rise." What a noble concept. Todays philanthropists include notables such as Bill Gates and Warren Buffet, who introduced The Giving Pledge: where billionaires promise to donate at least half their fortunes to charity.

More and more, philanthropists are becoming strategic in their giving. Strategic giving produces effective outcomes and lasting impacts that create a cycle of giving that gets passed on into perpetuity.

The IREM Foundation functions as a philanthropic resource for the Institute of Real Estate Management by providing funding for general grants, student outreach programs and industry research. The Foundation provides scholarships for people seeking to participate in an advanced professional development program to maximize their potential and the value of the real estate assets they manage. As a result of supplying this funding, the Institute gains IREM Members who value their relationship with the Institute and give back to the industry. …

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