How to do good well
Acton Institute Powerblog

How to do good well

The business of philanthropy education, teaching people how to give their money away, is a growth industry, according to Business Week (HT: The Wealth Report).

It seems that wealthy kids often have trouble realizing and meeting their moral duties to be good stewards of their inheritance. “With my inheritance, I felt a sense of guilt and responsibility,” says Jos Thalheimer, 24, whose great-grandfather founded the American Oil Co. (Amoco) in 1910.

John Stossel’s recent “Cheap in America” program examined this phenomenon, contrasting the attitudes of Fabian Basabe, the “male Paris Hilton,” with Ben Goldhirsh, son of a publishing mogul.

Basabe, it seems, is unwilling and uninterested in doing good: “I’m going to live forever, by the way, so I’m going to have a lot of time to work and get involved.”

Goldhirsh, by contrast, “used the inheritance to start his own magazine, ‘Good,’ and donates subscription fees to charity. His father taught him that work, and charity — not money — is the route to happiness.”

Jordan J. Ballor

Jordan J. Ballor (Dr. theol., University of Zurich; Ph.D., Calvin Theological Seminary) is director of research at the Center for Religion, Culture & Democracy, an initiative of the First Liberty Institute. He has previously held research positions at the Acton Institute and Vrije Universiteit Amsterdam, and has authored multiple books, including a forthcoming introduction to the public theology of Abraham Kuyper. Working with Lexham Press, he served as a general editor for the 12 volume Abraham Kuyper Collected Works in Public Theology series, and his research can be found in publications including Journal of Markets & Morality, Journal of Religion, Scottish Journal of Theology, Reformation & Renaissance Review, Journal of the History of Economic Thought, Faith & Economics, and Calvin Theological Journal. He is also associate director of the Junius Institute for Digital Reformation Research at Calvin Theological Seminary and the Henry Institute for the Study of Christianity & Politics at Calvin University.