Donating a potential good deal

Discussion in 'Philanthropy' started by teetotal, 28th Feb, 2016.

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  1. teetotal

    teetotal airkeeping.com.au Business Member

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    I was thinking where should i put this thread and then noticed "philanthropy", yeah sounds about right.

    How about if you come across a good buy(deal) but it doesn't fit your strategy or you can't purchase it because of different circumstances.
    Would you like to share (donate) it with a fellow PCers ??
    Obviously you wont disclose these potential good buys openly in the thread however PM to someone who asked on a first come first serve basis.

    It would be good to know about what someone is looking for these days (maybe people can put this on their profile as a start ??) and pass it on to them if you find something they may be interested in.

    What do you all think ? ?
     
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  2. teetotal

    teetotal airkeeping.com.au Business Member

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    I noticed one recently in Sydney - a development potential on an approx. 750sqm block where the zoning allows for a 11m high building.
    Another one i noticed in Adelaide being sold under matket value in comparison to similar place in same area.
    Anyone interested let me know, you may or may not have seen these opportunities but wouldn't hurt to have a look anyway if it fits in your strategy I guess? ?
     
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  3. mini2

    mini2 Well-Known Member

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    Here's my slight twist to this idea. The OP who spotted the deal should nominate a charity he/she would like to be donated to and whoever first came up with a donation receipt gets the deal. No one loses after all: OP helped someone, someone might benefit from the deal and charity gets a donation. Even if the deal doesn't eventuate, the other person will get a tax deduction anyway.
     
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  4. teetotal

    teetotal airkeeping.com.au Business Member

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    Personally, i don't believe in charities.
    When I wanted to help someone I would help them directly rather than going via a third party and paying their CEOs "administration fee" along the way.

    Help someone without the expectation of any return.
     
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  5. sanj

    sanj Well-Known Member

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    not directed at you personally but i strongly disagree with people who say they dont believe in charity/ies. there are plenty of q
    ways to give where most or all goes to the people in need
     
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  6. WattleIdo

    WattleIdo midas touch

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    True, there are. But choose carefully and always ask.
     
  7. mini2

    mini2 Well-Known Member

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    I was just going off the philanthropy path that's all. Heck you could ask the person to go to their nearest casino and chuck it all on red...
     
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  8. legallyblonde

    legallyblonde Well-Known Member

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    There are plenty of charities that represent things bigger than people. What about community legal centres that take legal action to protect things other than human interests?

    E.g. We just had a great case down here in Tassie that enforced an injunction stopping 4WD trashing valuable sites of Indigenous heritage. There is no direct person you can donate to for a cause like this.

     
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  9. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    Next time you need a blood transfusion, call me directly instead of going through the Australian Red Cross blood service. I'm O neg and in high demand as a universal donor. I also do plasma once a month. They tell me I save 3 lives every month, I'm a modern day hero! So are the nurses that work there, although they get paid more than the choc-chip cookie that I get (anyone remember when they used to serve pies and milkshakes).

    Sadly though, I'll refuse because there's probably some kid with leukaemia that needs it more - if they know how to contact me.

    I also donate a singificant amount of money to the Peter Mac Institute. I bet that building in Yarraville is worth a fortune and many of their staff could command massive salaries with certain corporate interests.

    Personally I've never needed a blood product nor had any form of cancer. Hopefully I never will need to ask for any of what I've given back.
     
    Last edited: 7th Mar, 2016
  10. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    I do like your original idea though. Somersoft had a 'Caveat Emptor' forum, but anything that was posted there immediately got ripped apart.

    Perhaps a different approach. Post some general details such as a brief description of the general nature, why it's a good deal, the price point, with an invitation for a private message. Don't expect anything for it, I'm a big believer in good karma.
     
    Last edited: 7th Mar, 2016
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  11. Purple Patch

    Purple Patch Well-Known Member

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    They serve party pies and sausage rolls at the Caulfield centre.
    :)
     
  12. teetotal

    teetotal airkeeping.com.au Business Member

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    That was my thoughts as well.
    Only general information to be shared (as i did in my 2nd post above) and rest in private message on first come first serve basis. And the first person would have to come back within 24hrs if they are interested in the deal otherwise it goes to next person sending the private message.

    Just do the good deeds without the expectation of any return. :)
     
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  13. aussieB

    aussieB Well-Known Member

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    Can you give some examples ?
     
  14. aussieB

    aussieB Well-Known Member

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    Can I donate to you for being such a giving donor ? :)
     
  15. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    You can donate blood. The number to arrange an appointment is 13 14 95. :D
     
    Last edited: 6th Apr, 2017
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  16. Xenia

    Xenia Best Adelaide Property Manager Business Member

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    I totally get where you are going with this
     
  17. Stoffo

    Stoffo Well-Known Member

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    I have raised for and donated to the Salvo's, as the majority of the money actually goes to those in need, last time more than 90c in the dollar.

    Where as, some "charity's" have directors who started it taking a cut, then managing costs, advertising costs, call center costs trying to raise more money :confused:
    Sure they may RAISE a larger overall amount, but its likely that less than 20c in the dollar actually gets to those in need/the cause :(
     
  18. sanj

    sanj Well-Known Member

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    A friend in Malaysia aroundn3 years ago got a group together and we'd donate cash, some monthly others when they could and whatever sum was possible and he'd literally go around and identify places/groups that needed assistance. It might have been an orphanage, an old folks home, a shelter, whatever. Sometimes food supplies were bought, sometimes medical supplies, once we paid for the homes car to be fixed which we got done at cost, school stuff for the kids, some tutoring type services for the kids, more often than not the cash would be used to provide what that particular group needed the most as opposed to just handing over cash and from other close friends who have accompanied him on some of these trips I've heard the significant impact this had.

    Sure it may be viewed as a band-aid by the cynical amongst us but at least for that month people got the help they needed and often it meant the home beign able to have a small buffer going forward for when stuff inevitably hits the fan.

    I've spent money and bucket loads of time helping a fair few people get started in business, sometimes paying their establishment cost or for their initial legals/accounting work, introducing them to appropriate contacts, helping with commercialisation etc. One now has made around 650k nett pa on average for last 5 or so years which gives me an enormous sense of pride as he always had it in him but like many others was terrified of the unknown.
    My only condition is that they do the same for others and not screw around any of the people/advisors I introduce them to.

    Helped a friend extremely narrowly avoided company liquidation and personal bankruptcy due to recklessness, he was always very talented. Now just over 2 years later his business is worth In excess of 15m, based on the figures a couple of significant multinationals influential in his industry have either bought stakes or made offers to purchase majority control on
     
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  19. Joynz

    Joynz Well-Known Member

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    I investigated this several times this a while ago because my organisation often donated to support people in natural disasters.

    Rotary had no admin cost for a donation to the Nepal earthquake. All the donated money went directly from the Australian branch operating as the collection point to the branch in Nepal.

    Most of the big charities such as Red Cross were only about 10% in admin (from memory, about 4 years ago when I did the research).

    There is always an administration cost with these professional organisations as they need to pay accountants etc. That's just the way it is if you want consistent support to be available.

    Rotarians are volunteers.
     
    Last edited: 7th Apr, 2017
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  20. aussieB

    aussieB Well-Known Member

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    Somehow, I have very rarely been able to find people who actually bring help at grass root level for a worthy cause. Most of the times the causes are people's life style choices for which I refuse to donate. I used to drop off bags of rice to homeless shelters while in the US. Good use of Sams club card. Good on you for doing your bit.
    Err, Can I be your friend ? :)