Mr. Milstein begins by saying that getting a good return on your investment or contribution in philanthropy can be extremely difficult. Adam Milstein states that a good return on philanthropic giving can be more difficult than making a return on an investment. Mr. Milstein works as a real estate manager and investor for Hager Pacific Properties. He speaks from personal experience as an investor when he says that it can be easier to get returns in real estate than in philanthropy.
The first tip that Adam Milstein lays out for philanthropists is that philanthropy should be a lifetime pursuit of love. It should be something you do because you enjoy it. When you do something you love and enjoy, you will be highly motivated to pursue and achieve your goals in that field. Having such an attitude will make you a more effective philanthropist. Milstein also suggests that you develop relationships with charities you support. The longer you have a relationship with a charity, the easier it will be to focus on doing good instead of raising money or spreading the word.
Adam Milstein’s next word of advice for philanthropists is to not spread yourself too thin by trying to donate to or support a large amount of charities. It is better to focus on one or two issues that you truly care about and work on those. This does not mean you only have to support one group. It just means you are focusing on a single issue or two.
Milstein also talks about helping charities develop synergies. This refers to the idea that charities should not compete against each other. Instead, they should work together to develop networks to create a bigger impact. Try to support and work with several charities that promote or support a cause you really like he suggests. This will help you reach more people with philanthropy and make you a more effective philanthropist.