Daniel Yomtobian Explains What Philanthropy is and How to Become a Philanthropist
Focusing on the “love of humanity,” in the simplest terms, refers to philanthropy. In this way, a person can nourish his or her human potential, focusing on the quality of life within a scientific-social environment. The term has a long history, stemming back to the Greek playwright Aeschylus, where origins lie in the fifth century BCE.
Daniel Yomtobian, a passionate pioneer and innovator in the online advertising industry from Los Angeles, California, explains how philanthropy is seen today and how one can become a philanthropist.
Philanthropy in the 21st Century
More recently and as generations have evolved; philanthropy has branched out into the business and government sectors, says Daniel Yomtobian. Today, philanthropy is seen as a person of wealth who gives away their time, talent, or money to a cause. One can practice philanthropy by making a monetary gift, such as a donation to a charitable cause or event. Other forms of philanthropy include helping someone or a cause in need or engaging in any other type of voluntary activity that aims to improve lives.
The Future of Philanthropy
Philanthropy in the 21st century only continues to evolve. For example, a recent study found that increasing organizational transparency, advances in technology, and changing attitudes toward wealth and other societal concerns have shaped the way people give back today.
These key trends in philanthropy are impacting individual donors, notes Daniel Yomtobian. Not only is giving back important, so too is the need to solve problems important to them and future generations. As a result, philanthropy is evolving into something that not only provides value to the cause, but also to society.
A survey of more than 3,200 donors suggests that personal giving has evolved based on changing concerns and generational shifts. These may include access and opportunities in higher education, hunger and access to nutritious food, and protecting and preserving the environment.
Daniel Yomtobian on Becoming a Philanthropist
Although many people relate philanthropy to the wealthy elite, you don’t need to be wealthy to become a philanthropist. By simply donating “time, talent or treasure” towards a worthy cause, you can increase your impact toward doing good in the world.
If you’re ready to make a decision about what, when, and how to give, Daniel Yomtobian has broken down the process of becoming a philanthropist into three simple steps.
Decide on Who to Support
Daniel Yomtobian recommends narrowing your focus to one to three organizations you’re most passionate about. Ask yourself: do these causes support my mission of solving a certain problem or societal issue? This way, you can consolidate your giving and have a greater impact on society.
Establish Your Timeline
After you’ve narrowed down the cause, you’ll need to decide on when to give. Here are some things to consider when establishing a timeline:
· What do you want to donate (time, talent, treasure)?
· How much would you like to donate and how often?
· Do you want to give your treasure away while you’re alive to gain mre control?
· Would you rather set up a foundation to carry on your legacy?
Embrace A Philanthropist Mindset
The biggest thing to understand when it comes to being a philanthropist is that you don’t have to have a lot to become one. Rather, you must have a heart for giving and passion about a cause. As mentioned, philanthropy is not reserved for the wealthy. Bottom line, it doesn’t matter who you are or how much you have. Everyone has something to give and society needs the support of donors at all giving levels.