Fourth Partner           OUR GIVING NOTES

April 2010 Issue: 2
Learning Curves Have Value 
Dawn Franks
 
Dear ,
 
Dawn FranksEverything has a learning curve, even giving - perhaps especially giving.
Take Reed Sandridge who is giving $10 away to a stranger every day for one year. Reed is in the midst of a significant personal change; he recently lost his job. His answer to what many of us would think of as a time to focus only on ourselves is to give back. Reed's guide is his mom "who always told him that when you're going through tough times, that's when you most need to give back."

What's especially interesting about his story is that even though he's only giving $10 away each day, he's in a learning curve. He's not embarrassed by what he has to learn and in fact is being very transparent about success and failure. Check out his blog and you'll see what I mean.

We've had lots of learning curves as well. If you were to draw a picture of Fourth Partner's learning curve it would look a lot like a stock market chart. From the heights of success to the valley of occasional failures, we have been learning about giving. I don't mean just learning about the organizations we give to (we have also learned a lot in that realm), but learning about the many different ways to give. For every gift, whether personal check or grant, there is a giver with his or her way of deciding how to give.  

Continued...
  
 Look for issue #3 in June 2010.
Forward to a Friend  
My United Way Experience 
Fred Smith
 
Fred SmithAlong with many others, I had assumed the allocations decisions for United Way agencies had been made based on politics and relationships. 
 
I learned how things are really done by serving on the allocations committee this year. Click here for the story. 
 
5 Basic Principles in Teaching Children to Give 
 
Kids and GivingOne of the most consistent topics of conversation among parents is how to encourage our children to give.
 
We've collected some of the best remarks we've heard from both adults and children, and you may find them useful. 
Here are the five principles.
 
Supporting the Right People 
Warren Buffett on Philanthropy
 
Warren BuffettHow does the most successful investor in the world choose which philanthropies to support? In much the same way he chooses businesses for investment: by finding the right people.
 
This articulates a long-held investment principle of Fourth Partner, that with the right leadership, anything is possible. Click here to find out more.
 
How are you evaluating the leadership of the organizations you support? We'd love to hear your ideas.
 
Fourth Partner
601 Shelley Drive, Suite 201
Tyler, TX 75701
903-509-1771