1. Begin your philanthropy as early in life as possible. Even if you can't give as much as you'd like, your gifts will add up and begin to form your legacy.

2. Find your passion, and focus your gifts, rather than scattering them. Choose two or three areas or causes you want to support. Not only will your gifts have more impact, but you will find your giving more satisfying.

3. Work for parity in giving in your household. You and your spouse should have equal say about the causes you suport and the amount given.

4. If you can, give out of principal to the causes you are passionate about. Think of your philanthropy as you would a child, your investment in the future of our world.

5. If you don't have so much money, consider the strength of numbers. Organize with others to provide a pooled gift that can make a project possible.

6. Leverage your giving. Increase your impact by challenging others to support the causes you hold dear.

7. Teach the art of philanthropy to the next generation. Instill in children the values you treasure.

8. Have fun with your philanthropy. Celebrate your birthday with a gift that you might not have thought was possible. Surprise your friends by giving in their name. The possibilities are endless.

Reprinted with permission from Martha Taylor,
Women's Philanthropy Institute