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Successful investors often look for productive ways to give back to the community. Having a thriving portfolio means that investors have the means to support community organizations through their extra profits.
David Ebrahimzadeh, a real estate entrepreneur, shares the many ways investors can make a difference in the community.
One of the primary ways that successful investors share their wealth is through sponsoring scholarships for students with financial needs or special merit. These scholarships can be endowed with a relatively small nest egg and can be renewed each year.
David Ebrahimzadeh has endowed a scholarship in his name to support students who are passionate about real estate or seeking a degree in the field. His scholarship has helped dedicated students realize their dreams of joining his thriving industry.
Investors can give back to the community in the form of grants. They can offer grants to community organizations to help them respond to challenges. These generous bequests can make a true difference in the community.
Children’s and adults’ sports teams are a vital part of the fabric of many communities. Successful investors may want to take one or more of these teams under their wing and provide uniforms, operating expenses, and advertisement revenue, among other possible donations.
Sports can be intended for children, adults, and people with special needs. For example, the Special Olympics is an organization that serves over 5.6 million athletes, or 38 percent of the United States population with intellectual disabilities.
Investors who have reached a certain level of success in their field understand that children need special services to enhance their lives and further their education. Groups like the Girl Scouts, Boy Scouts, the YMCA, and the Boys and Girls Club provide vital support to children and families while extending the learning environment outside the classroom.
Schools often need direct financial help to support their goals of providing quality education to every student. Investors can sponsor particular programs in the schools or make direct, tax-deductible organizations to booster clubs or other groups. Many investors direct their funds to a particular subject area they want students to pursue, such as healthcare or technology.
Buying computer equipment for schools is greatly helpful and providing their own or their employees’ time to help train teachers and students how to use it.
Most communities have special events throughout the year that need sponsors. Park clean-ups, road races, and local fairs and festivals are only a few examples of the many ways in which investors can give back to the community.
In addition to benefiting the community, investors can also reap the benefits of donating. They can build their brand and their reputation by becoming associated with community initiatives.
Supporting the Needy and Homeless
Many organizations that support the needy and homeless need help, especially in these difficult economic times. Family homeless shelters, food pantries, and other organizations need help more than any other type of initiative. Dollar for dollar, successful investors can make a huge difference in the lives of the most unfortunate members of society.
To encourage more people to give back, wealthy individuals can start matching programs to complement community members’ donations with their own. Matching programs are known to be effective in increasing charitable donations across the board.
Sponsoring Building Projects
Whether or not they seek credit for their contributions, successful investors sometimes help pay for schools, hospitals, and other vital community institutions’ building projects. Sponsoring a clinic or hospital wing is an excellent way to put investors’ stamp on the community as a whole while providing a much-needed service.
Understanding How to Help the Community
Investors have dozens of ways to help the community, not limited to the suggestions in this article. When the country’s most profitable investors decide to share their wealth with a worthy cause, they can walk away feeling good about their contribution to the world. Most successful entrepreneurs have enough profits to support the community and further their own business and personal goals.
David Ebrahimzadeh wants investors to understand how much of an impact they can have on their community. Keeping all of their profits for themselves means that they cannot share in the benefits of community service.
Having a strong sense of responsibility toward the community is a trait shared by the most successful investors. Choosing the initiatives that need the most help may require assistance from local leaders, but they will be grateful to accept the investor’s financial and operational support.