So I’m nowhere near a billionaire and it’s perhaps worthless to compare - but once many orgs know you are a “source of charitable donations” they spend a LOT of spam your way - and chances are good that at least half of the charities are scams that barely help anyone. So there’s likely also an unwelcome degree of effort and anxiety in ensuring charity money is used well. Hence why Bill Gates started his own.
Yup, there are a lot of bad charities, and the good ones often can’t handle billions in donations. And doing that takes time away from things you enjoy. There’s a reason he didn’t step away from his position until his 90s, he likes what he does.
So I’m nowhere near a billionaire and it’s perhaps worthless to compare - but once many orgs know you are a “source of charitable donations” they spend a LOT of spam your way - and chances are good that at least half of the charities are scams that barely help anyone. So there’s likely also an unwelcome degree of effort and anxiety in ensuring charity money is used well. Hence why Bill Gates started his own.
Yup, there are a lot of bad charities, and the good ones often can’t handle billions in donations. And doing that takes time away from things you enjoy. There’s a reason he didn’t step away from his position until his 90s, he likes what he does.