FOCUS QUESTION FOR THIS SECTION
What is philanthropy and how does it relate to money?
Section 5: Philanthropy and Social Responsibility
SECTION DESCRIPTION
In these lessons, students begin with a basic understanding of charitable organizations, philanthropy, and ways they can donate to various causes. They then explore the point of view of the individual by making budget decisions that help decide how much income will go to a charity. They then switch to the perspective of the charitable organization and see the flow of cash that they must manage. These lessons conclude with students making their own decisions about being a philanthropist.
LESSON OBJECTIVES
Define saving as the part of income not spent on taxes or consumption.
Describe the advantages and disadvantages of saving for short- and medium-term goals.
LESSON OBJECTIVES
‘Explain the various ways a person can donate to a charitable organization.
Give examples of donating time, money, and other resources.
Understand that donating to charitable organizations is philanthropy.
Understand that charitable organizations have expenses.
LESSON OBJECTIVES
Create a spending plan.
Compute the percentage of their individual budget that will be given to charity.
Indicate how charities pay for expenses with donations.
LESSON OBJECTIVES
Outline a spending plan.
Diagram the flow of a monetary donation into an organization of choice.
Diagram the flow of that money out of the organization to show how it meets its goals.
Rank types of charities to align with personal values.
Examine budgeting philosophy to make a decision about how donations change as income changes.
LESSON OBJECTIVES
Evaluate two charities supporting similar causes on the basis of expenses and results.
Decide on a specific charity to donate money to using charity rating websites.