Requirements: Imagine that your mortgage/debts were paid off, retirement was funded, kids had college paid for, etc.
That's a tough question.
The first thought that comes to mind is investing the money in things that don't have a direct financial return. For instance, there's a greenway trail in Tualatin that will be extended as they have the financial means. Tualatin is also in the America's Best Communities competition, and wants to build a community center with the money if they win. Or, put the money towards a societal ail (e.g. homeless shelter, etc.).
I think I would be predisposed to investing the money in my local community, though. It probably reflects where I am in life.
How about yourself?
Mmm, I love that your answers revolve around making your local community a better place for all. A++
How about yourself?
Assuming all the same things as above, I'd split the funds in three ways (UPDATE: OMG, sorry for the blog post.):
This is probably a little ridiculous (and we're already doing this to a much less expensive degree) - but I'd likely take about $30K/year for the next 18 years and spend it on a few significant trips each year to go somewhere globally as a family. We have friends who are missionaries in Africa, Europe, the Philippines, Asia, etc. Exposing them to the real world - not just the upper-middle-class-white-American-Christian version they're growing up with - is really important to me. Helping them learn to deal with really hard emotional things at a young age is important to us.
For example, on one trip, we might take them to our friend's in Tanzania who help young moms (12 - 16 years old) through childbirth and birth/sex education. They'd likely be exposed to the beauty of newborn life and the sadness of maternal and infant death. And on the other side of a trip like that, we'd maybe spend a week in Cape Town or do something to really build internal relationship within our own family and have fun.
Even with our basketball team of a family, we could easily do three trips a year like this, for ~3 weeks at a time, within that budget.
Loved everything you said here. We're moving to Newberg in a couple months - it's where I spent a lot of time growing up, and my kids will likely do much of their growing up there.
When I think too much about the impact we can have in the world at the global level, it gets overwhelming. Do you go with Kiva or Charity:water? Do you give to NGOs or faith-based? Do you care more about efficiency or impact?
For me - I favor impact over efficiency. While I value transparency, efficiency and accountability - all important - I think it's really easy to be transparent, accountable and efficient in doing things that ultimately don't have the desired impact. To that end, I'd likely spend a lot of my time on our "Selfish" pursuits investigating different organizations in different areas of the world that would be considered outliers with regards to their impact, and invest a lot in a small number of those.
Finding 2-3 organizations that we could invest between $220,000 and $330,000 in would be pretty rad.
Sounds like we should fine some money :)