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If Bill Gates could do it why couldn't I? I called my
attorney and told him I wanted to set up a fund like The Bill & Melinda
Gates Foundation. I was ready to be a philanthropist.
"How much will it cost me?" I asked.
"Hesh, the issue is not money," he said. "You have sufficient
assets with the sale of your business to set up a small foundation. You
need to realize that giving away your money wisely takes commitment and
focus. Being a philanthropist is a serious endeavor."
"Sure, sure, just do the paperwork and I will handle everything else."
I had stopped listening.
I had big plans; there were diseases to eradicate and disadvantaged kids
to educate.
At the club, I asked a few of the old guys who had inherited their wealth
for advice. They suggested I hire a consultant specializing in non-profits
and she would help me commission a first class study of the community's
needs.
Who had the patience for studies? I decided to give it away myself.
I called the local paper and suggested they do a story on my decision
to give away my money. The philanthropy reporter suggested I begin with
a major dinner or even better a masquerade ball. This way he could get
lots of photos of my pals into the paper.
I thought the guy was joking. "I don't want to spend money on a ball
with tuxedos and bands. I just want to start giving away my money,"
I said.
He suggested I be careful or I might be typecast as one of those alternative
charities that are trying to buck the establishment.
"I am not out to buck anyone," I said. "They all do good
work. Just let me do mine."
The reporter did give me some good advice. He told me not to try to find
a cure for some major disease. "Find a small project and test the
waters," he said.
So I started small. I chose to adopt a road, specifically a section of
Route 18. I even decided to keep it very low key and I only adopted the
alternate truck route.
I wanted to do it right. We planted flowers, repainted the yellow lines
a newly designed high gloss yellow, and added reflective metal strips
in the ground to help visibility. I even replaced the guard rails. They
had been knocked down so often that the city had stopped replacing them.
Then I got a surprise visit from an inspector for the Highway Adoptions
Council. He wanted to see my official adoption papers.
"What?" I asked.
"You can't adopt a highway without our approval," he said. "We
have an arduous background check process. You must be cleared of any history
of road rage before we accept you. And there is a long waiting list to
adopt the best roads."
"That's the point," I said. "I don't want to adopt a brand
new road with six inches of reinforced concrete. I want to help the roads
no one else cares about."
"Mr. Reinfeld, that road was part of our strategic plan and would
have been assigned a donor within two years. You need to be patient."
He said.
I was incredulous. "And if I don't follow your plans, what are you
going to do to me? Tear up the improvements I've paid for?" I said.
"No," he answered. "But we will inform the IRS that your
donations were not approved by our organization. They may challenge your
foundation's tax deductible status."
And it got worse. I had repaired a road in a highly contested congressional
district. The media was screaming that my donation was really an illegal
contribution to support my favorite candidate. I could be brought before
a grand jury.
I was a failure as a philanthropist. I called my lawyer and asked. "Did
Bill Gates ever have problems giving away his money?"
He said. "Of course not, he actually listens to his advisors."
I said. "Now I know what differentiates me from Bill Gates."
He laughed and laughed. I hung up. But I knew he was still laughing.
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