Giving a Blank Check to Charity: Not the Wisest Thing To Do

By |August 31st, 2017|

Sometimes giving a blank check to a charity is not the wisest thing a philanthropist can do. I’ve personally experienced this years ago. My wife and I gave a black check to an executive director who was starting up a new nonprofit. We told him he could fill out the check for any amount of money he needed. We had no idea if it would be a few thousand dollars, tens of thousands, hundreds of thousands or even millions. This is where we may have been a little foolish or less wise. And it also put the executive director [...]