Turn on the news, and watch the devastation caused by the latest hurricane or wildfire to rip through the United States or tsunami to hit Asia. What’s your response? To well up with emotion and donate whatever you can to a relief organization? To envision a way to build sturdier houses or encourage people to move to higher ground?
Your response says a lot about what kind of philanthropist you might be. The people who well up are motivated by empathy and so may take a more emotional approach to giving when they see others in need. Those watching the disaster who think of fixing the infrastructure or incentivizing people to make different choices may take a more rational approach to giving.
Can you combine the two?
Read more from the Robb Report here.