Citing a potential economic infusion of hundreds of billions of additional dollars in charitable contributions, money manager Claude Rosenberg Jr. offers people of all wealth levels a practical guideline for determining a comfortably affordable donation.
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Book Description
Editorial Reviews
Review
...Mr. Rosenberg, a professional fund manager...shows persuasively that the wealthy -- and even those who proudly claim membership in the broad middle class -- could easily give more money to charity than they do, if only they planned their finances properly. Charitable giving suffers, Mr. Rosenberg argues, when potential donors calculate their capacity for charity as a function of each year's income....[H]owever...the capacity to give depends more on net worth than on any year's income, and many Americans...have no clear picture of their own net worth. Large portions of "Wealthy and Wise" address this problem through exercises designed to help readers make such a calculation accurately... -- The Wall Street Journal, Friday, January 6, 1995
Mr. Rosenberg...advises people to first figure out how much they need to maintain their life styles, get them through any imaginable turmoil and provide for their families. But after that, he said, many Americans - even at the $50,000 income level - have stashed away more wealth than they need. He recommends that those people increase their giving now so that they learn to give in ways that accomplish clear goals...And as they [do]...they should step up their giving. Mr. Rosenberg's organization has trademarked the word "newtithing" for his concept of charitable giving based on assets and surplus income. The idea...is also explained in detail at www.newtithing.org, his organization's web site..."A lot of people have been waiting for some validation that it is all right to give a lot more," Mr. Rosenberg said. "I am giving it to them based on research." -- The New York Times, April 4, 1999, By David Cay Johnston
Mr. Rosenberg...advises people to first figure out how much they need to maintain their life styles, get them through any imaginable turmoil and provide for their families. But after that, he said, many Americans - even at the $50,000 income level - have stashed away more wealth than they need. He recommends that those people increase their giving now so that they learn to give in ways that accomplish clear goals...And as they [do]...they should step up their giving. Mr. Rosenberg's organization has trademarked the word "newtithing" for his concept of charitable giving based on assets and surplus income. The idea...is also explained in detail at www.newtithing.org, his organization's web site..."A lot of people have been waiting for some validation that it is all right to give a lot more," Mr. Rosenberg said. "I am giving it to them based on research." -- The New York Times, April 4, 1999, By David Cay Johnston
From the Publisher
We are pleased to announce that Wealthy and Wise was Amazon.com's #1 bestseller in 1998 for the Philanthropy and Charity category.
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14 of 19 people found the following review helpful:
5.0 out of 5 stars
The benefits of following the advice in Wealthy and Wise.,
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This review is from: Wealthy and Wise: How You and America Can Get the Most Out of Your Giving (Hardcover)
"I was so impressed with Wealthy and Wise that I suggested my 19-year old daughter read it. What better introduction to life's responsibilities and the utility of money? My wife heard our discussions and we put Mr. Rosenberg's ideas to work. Recently diagnosed and successfully treated for cancer, she was amazed at the current anti-nausea drugs. However such drugs are expensive and can put a real drain on a less fortunate family. My wife's oncologist thought that funds to assist in such situations were really needed. Our brand new family foundation wrote that check recently and we feel great! I thank Claude Rosenberg for such a wonderful book."
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Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Inside This Book
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First Sentence:
AMERICA emerged from World War II by far the richest, most powerful nation in the world. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
delicate dipping, nonearning assets, donation levels, excluding capital gains, enhanced giving, greater giving, wealth categories, financial peace, more comfortable living, giving levels, increased giving, asset wealth Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, New York, Trickle Down, San Francisco, Stock Index, Uncle Alfred, Jimmy Carter, Taxable Nontaxable, Andrew Carnegie, Cousin Louisa, Inheritance Dollars Received, Inheritance Percentages Directed, John Gardner, Nontaxed Recipients Heirs Recipients Cumulative Amounts, Smith Inheritance Allotments, Social Security, Widow Jones New!
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Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
AMERICA emerged from World War II by far the richest, most powerful nation in the world. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
delicate dipping, nonearning assets, donation levels, excluding capital gains, enhanced giving, greater giving, wealth categories, financial peace, more comfortable living, giving levels, increased giving, asset wealth Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, New York, Trickle Down, San Francisco, Stock Index, Uncle Alfred, Jimmy Carter, Taxable Nontaxable, Andrew Carnegie, Cousin Louisa, Inheritance Dollars Received, Inheritance Percentages Directed, John Gardner, Nontaxed Recipients Heirs Recipients Cumulative Amounts, Smith Inheritance Allotments, Social Security, Widow Jones New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Citations (learn more)
This book cites 4
books:
12
books
cite this book:
See all 12 books citing this book
- A Christmas Carol (Bantam Classic) by Charles Dickens on page 193
- Investing with the Best: What to Look for, What to Look Out for in Your Search for a Superior Investment Manager by Claude N. Rosenberg in Front Matter
- Stock Market Primer by Claude N Rosenberg in Front Matter
- The Bonfire of the Vanities by Tom Wolfe on page 38
- Understanding Donor Dynamics: The Organizational Side of Charitable Giving: New Directions for Philanthropic Fundraising (J-B PF Single Issue Philanthropic Fundraising) by Eugene R. Tempel on page 57, and page 139
- High Impact Philanthropy: How Donors, Boards, and Nonprofit Organizations Can Transform Communities (Wiley Nonprofit Law, Finance, and Management Series) by Alan L. Wendroff on page 126
- Money Order: The Money Management Guide for Women by Gail Shapiro in Back Matter
- How Much Do We Deserve?: An Inquiry into Distributive Justice by Richard S. Gilbert in Back Matter
- Planning and Implementing Your Major Gifts Campaign (J-B Fund Raising School Series) by Suzanne Irwin-Wells on page 122
See all 12 books citing this book
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