Philanthropist, Stephen Dowicz, Explains Philanthropy and Why It's Important to Him

NORWALK, Conn., Aug. 25, 2017 /PRNewswire-iReach/ -- Philanthropist, Stephen Dowicz, explains philanthropy and why it is important to him. 

Philanthropy is the act of promoting the welfare of others by the act of donating a generous amount of money—or time—to a cause. Typically, philanthropists wish to delegate where their money is going while they are still alive to see the impact their generosity has on the recipients of their gifts. 

The process of giving away is not complicated. However, if one is truly passionate about it, he or she should do some research first to realize the maximum results from his or her efforts. A budding philanthropist may even want to seek professional help before undertaking any philanthropic activities. Since he or she is donating money and/or time, it is essential to take the right approach. A misstep could have a negative effect upon the giver—and those he or she is trying to help—in the future. Set some goals, but be flexible in case it is necessary to change the course of action. 

According to Stephen M. Dowicz, philanthropy is important because it allows one to contribute to a cause that is close to his or her heart. Choosing a cause that one is passionate about means carefully thinking about the many social, environmental, and health needs that exist, and deciding which ones he or she wants to have a positive impact on. The philanthropist should start small, and give to several organizations, until he or she sees which results are the most satisfying. Valuable lessons will be learned to guide the philanthropist in his or her ongoing philanthropic efforts.

A true philanthropist should be just as passionate about donating his or her time—something that is vital for nonprofits and similar organizations to survive. Volunteers are a vital part of day-to-day operations for these organizations. Of course, if one is constrained by other obligations and may not be able to give as much time as he or she would like, financial philanthropy is always appreciated.

Another wonderful aspect to philanthropy is the fact that giving money while one is still alive means that he or she can see the success—or possible failure—of his or her endeavors. The philanthropist will learn valuable lessons and rejoice in all successes, knowing he or she made a difference.

About Stephen Dowicz: Spa Owner Stephen Dowicz is a philanthropist and successful businessman in the real estate industry. He has made many charitable contributions over the course of his career and is an expert in private equity matters.

Media Contact: Phil Santinoceto, The Data Workshop, 509-281-6232, PR@thedatawork.com

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SOURCE Stephen Dowicz



2018

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Banking & Financial Services, Mutual Funds, Investments Opinions, Not For Profit


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