Philanthropy | Wealthymatters

Charity On Akshaya Tritiya

May 13, 2013 Leave a comment

wealthymatters Akshaya Tritiya is considered an auspicious day by Hindus If you are coming in late,you can read more about it here.Buying precious metals,making investments, buying properties, starting businesses and buying household goods are major activities people schedule for this day.Giving,daan i.e. charity is another major activity of the day.

The traditional belief is that whatever is given away freely with a good heart returns manifold.To do so on this auspicious occasion is to multiply the returns manifold.Giving implies that you have the good fortune to be in a position to help/give. So by giving on this day, people hope to be in a position to give more in the years to come,1.e. become more prosperous.

The common belief is that:

If you do charity on this day, you will conquer the pain of death.
If you help the poor and down-trodden, you will be blessed in your next birth.
If you give clothes to poor people, you will get over diseases. Read more of this post

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Filed under Philanthropy, Theory, Tool Kit Tagged with Akshaya Tritiya, Akshaya Tritiya charity, Akshaya Tritiya greetings, buying gold, buying household items, buying property, buying silver, Charity, daan, Deva tharpanam to get rid of poverty, donating clothes, donating fruits, donating shoes, donating umbrellas, feeding Brahmins, giving buttermilk, giving curd, giving curd rice, giving grains, Investing, postaday, starting business

Mumbai For Women

April 3, 2013 6 Comments

wealthymatters.com

Last Saturday I attended the ‘Mumbai for Women‘ IndiBlogger meet, a TOI initiative to highlight Mumbai’s duty towards its female residents.This TOI initiative was in response to the Nirbhaya gang rape case. The organizers assured us that every post we participants turned in before the deadline would be read by the TOI editors.So this is my attempt to bring about IndiChange by pitching to the people who shape debates and influence opinions.This is in lieu of all the letters to the editor I never wrote………

Mumbai might be the best city for women in India,but as the video says there is still place for the city to love its female residents a little bit more.Aside from blogging I would love to be more actively involved in bringing about change.So if some idea in this post grabs you,feel free to contact me and lets start working.Also if you are addressing these issues in some other way,please don’t hesitate to contact me.I don’t always need to do things my way.

Here’s my list of areas to work on to make Mumbai a better place for women. Read more of this post

Filed under Philanthropy Tagged with postaday, flexi-work, Mumbai for Women, job fair, part time work, back to work, under employment, disguised unemployment, involuntary unemployment, women's bank

Quaker Business People

February 1, 2013 9 Comments

wealthymatters “Look at the Quakers – they were excellent business people that never lied, never stole; they cared for their employees and the community which gave them the wealth. They never took more money out than they put back in.”-Anita Roddick

In England the Quakers have the reputation on being good business people.So who are the Quakers?

A Quaker is a member of the Religious Society of Friends, a Christian sect founded by the English religious leader George Fox (1624-91) in about 1650, whose central belief is the doctrine of the Inner Light. Quakers reject sacraments, ritual, and formal ministry, hold meetings at which any member may speak, and have promoted many causes for social reform.Quakers do not share a fixed set of beliefs but they do try to uphold a set of values, which they call testimonies, around themes such as truth and equality. Read more of this post

Filed under Entrepreneurship, Philanthropy, Tidbits Tagged with Amnesty International, Anita Roddick Quote, Anti-Slavery International, Barclays, Cadbury, Campaign Against Arms Trade, Circles of Support and Accountability, Clarks, Cyrus Clark, Elizabeth Fry, Fry's, George Cadbury, Greenpeace, industrial revolution, Joseph Rowntree, Lloyds., Oxfam, postaday, Quaker business people, Quaker businesses, reputation, Rowntree, Thomas Huntley

Solutions Are Important

January 29, 2013 1 Comment

“For me, campaigning is about putting forward solutions, not just opposing destructive practices or human rights abuses.”-Anita Roddick

Filed under Philanthropy Tagged with activism, activist, Anita Roddick, Anita Roddick Quote, campaigning, postaday, solutions

Adopt A Charity

January 25, 2013 3 Comments

“You couldn’t do anything better for your business than align it with a charity dear to your heart. Not only will this be good for employee morale, help society, and reduce the government’s burden, but being associated with charity attracts tremendous media attention and can help establish your business’s name in your community.”-Anita Roddick

Filed under Entrepreneurship, Philanthropy, Tool Kit Tagged with adopt a charity, Anita Roddick, charity work, fair trade, free publicity, postaday

Businesses For Good

January 25, 2013 Leave a comment

“Businesses have the power to do good. That’s why The Body Shop’s Mission Statement opens with the overriding commitment, ‘To dedicate our business to the pursuit of social and environmental change.’ We use our stores and our products to help communicate human rights and environmental issues.”-Dame Anita Roddick

Filed under Entrepreneurship, Philanthropy Tagged with Anita Roddick DBE, Anita Roddick Quote, Body Shop, Businesses for environment, Businesses for good, businesses For Social Change, Mission Statement, postaday

The Business Of Business

January 22, 2013 2 Comments

Filed under Philanthropy Tagged with Anita Roddick Quote, business, business as usual, corporate ethics, corporate social responsibility, corporate values, postaday, public good

The Importance Of Values

January 22, 2013 2 Comments

wealthymatters

Filed under Entrepreneurship, Paper Assets, Philanthropy, Tool Kit Tagged with Anita Roddick Quote, corporate values, postaday, values

Narayana Murthy On Ratan Tata

January 3, 2013 Leave a comment

What are your fondest memories from your interaction with Tata?

” When we inaugurated our management council room, which I believe is the most advanced council room with perhaps the finest technology in Asia, I had a discussion with my colleagues and we decided to name it after Jamsetji Tata. Jamsetji Tata, as you know, was an extraordinary businessman. He donated one-third of his wealth to start the Indian Institute of Science.

So, when we decided to name the management council room, I decided to invite Ratan to inaugurate that. He was a little bit surprised that we were naming our number one conference room after Jamsetji Tata. I told him, ‘Jamsetji is a beacon and an example on how businesses should be conducted.’ He came and inaugurated it, he had lunch with us, interacted with youngsters. And every one of my colleagues was so impressed with his grace, courtesy and humility.”

Filed under Philanthropy, Tidbits Tagged with Indian Institute of Science, Jamsetji Tata, Narayana Murthy, Narayana Murthy Interview, Narayana Murthy Quote, Philanthropy, postaday, Ratan Tata

An Interesting Take On Donating

December 28, 2012 2 Comments

wealthymatters.com

Would you donate your last penny?

I can honestly say that I would not …

Which brings me to a related topic: it seems that many people who come into money take a chunk of it to donate. Perhaps to have the wing of a school named after them, or to do some other ‘good works’.

Whether the sum is $1,000,000 or $100,000 or $10,000, when donating what you consider to be a large sum, think about what you are really donating; you are not merely donating $1,000,000 (or $100,000 or $10,000), you are donating the future value of $1,000,000:

Let’s say that you plan on living for another 40 years, and you can invest your money at 5% above inflation, then the real value of your donation is not $1,000,000 but more than $6.7 million!

When thinking about donating that $1 million [AJC: The Cartwood Family Wing does sound tempting], I’m not really thinking too much about that $6.7 million [AJC: or, $28.8 million ... ounch!], I’m actually asking myself:

Would I donate my last $1 million? Read more of this post