Middle Class Philanthropist - How Anyone Can Leave a Legacy

Middle Class Philanthropist - How Anyone Can Leave a Legacy

By Melinda Gustafson Gervasi

November 10, 2023

Ten years ago I published a small book, designed to be read in an afternoon while enjoy a mug of coffee or a cup of tea.  The intent behind Middle Class Philanthropist: How Anyone Can Leave a Legacy was to inspire the average American to be philanthropic when creating or updating an estate plan. Much is written about philanthropy in November because the 15th of the month is National Philanthropy Day. All too often the stories of giving involving multi-millionaires donating sums most of us cannot wrap our minds around.  But there is another path to philanthropy, one any of us can take. 

I hold the core belief that anyone can leave a legacy. It does not require excessive wealth when directed with intention and purpose.  If you want to leave this world with a final gift, here are a few options noted in my book:

• Designate an In Lieu of Flowers charitable cause.  Recently I attended the funeral of the father of a childhood classmate.  Instead of purchasing flowers the family encourage mourners to donate to one of his favorite causes.  My family did, sending a donation in his honor to the UW Veterinary School of Medicine fund for families in need of financial assistance.
• Donate 2% of your retirement accounts to a non-profit.  All it takes in a quick update to your beneficiary form to name a nonprofit that made a difference in your life.  I opt for 2% because it is "a little something" that in the end may not be missed by other dependents.
• Encourage your family and loved ones to hold a garage sale for tangible personal items that no one else needs, with the proceeds being directed to a nonprofit you select.  Promote this giving opportunity at the sale, and have literature on hand for shoppers who may want to learn more about a cause you felt was worthy.

These are three simple acts, which you can likely accomplish without having to visit an attorney's office.  Everyone can make a difference in this world.  If you want to read more about my thoughts on Middle Class Philanthropy I encourage you to purchase my book, or for those in Dane County, Wisconsin, check a copy out from your local library.

Remember a blog is not legal advice, but rather a spark for thought and discussion.  Please consult an attorney in your state for advice specific to your situation.  Thank you for reading, and be well.