Philanthropy Tips From a Google Billionaire

Craig Silverstein and Mary Obelnicki's "Giving Pledge" statement provides good advice.

May 18, 2014 at 2:30PM

The Giving Pledge, a project started by Bill Gates and Warren Buffett in which billionaires pledge to give half of their wealth to charitable causes, has a total of 127 signatories after four new pledgers were added last week. These include Kinko's founder Paul Orfalea and his wife, as well as Sheryl Sandberg of Facebook and her husband, SurveyMonkey CEO Dave Goldberg.

Signers of The Giving Pledge provide a statement about their philanthropy, which appears on the website. Among recent signatories, the most illuminating statement by far comes from Craig Silverstein and Mary Obelnicki.


Craig Silverstein. Source: Marcin Winchary.

Mr. Silverstein is often called "Google's first hire" because he joined co-founder Larry Page and Sergey Brin when they were still a start-up, operating out of a rented garage. Silverstein left Google in 2012 but continues to work, as does his wife Mary Obelnicki, who is a software developer. Although the couple are members of the rare few who are both willing and able to give away a half-billion-dollar fortune, their statement reveals approaches to charitable giving that everyone might adopt to become more savvy givers. Here are some of their quotes and how you might use them as a guide to your own philanthropy:

We're not ready to become full-time philanthropists. We like our jobs. We're dedicated to our colleagues. We're raising a family. But we don't want to wait for decades to put our money to good use either. So we simply got started, and we shaped our philanthropy to fit our lifestyle.

Like Silverstein and Obelnicki, you probably have other things you need to do aside from philanthropy. Don't let those completely distract you from being charitable. Find a way for charitable giving to fit into your financial life and calendar, and keep it going once it is started.

We searched hard for one underlying issue where, over time, we might be able to make a difference, where that difference might stick.

What cause are you most passionate about? If you can create a strategic focus (or two) for your giving, you will make more of a difference and gain more satisfaction.

We've been learning along the way: how to find and trust the experts, how to plan not just our philanthropic money but our philanthropic time, and to how support the most impactful, innovative, and promising work possible.

To be skillful at charitable giving takes learning and practice, data gathering and research into nonprofits, and sometimes assistance from a knowledgeable professional. By using your time to be engaged in charitable efforts, you will contribute more and learn more quickly than with financial gifts alone.

Thinking into the future, Silverstein and Obelnicki are expecting to move into philanthropy full-time, saying:

We'll look back and be grateful for the years of learning and giving behind us. We're glad that we've begun now. We'd like to see others join us.

If you put more effort into your own charitable giving now, or continue doing so, you will probably be glad and grateful as well -- even if $500 million in charitable gifts is beyond your reach.

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4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

Click here to learn about this incredible technology before Buffett stops being scared and starts buying!

David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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