I recently worked with a group of philanthropists, who shall remain unnamed, on an annual retreat. Each year, they get together to network with each other and share donating strategies to achieve their ultimate goals. One gentleman recently donated $25 million to a university to set up tuition-free scholarships to worthy students. :smile:
One topic that seemed to resonate with all of them was whether to continue donating funds to entities that did not keep them up to date on how they were spending the funds, as well as a simple thank-you note. In fact, some of them stated they decided to quit funding some entities because of the lack of communication, but it was that simple thank-you note or recognition that was a biggie for a few of them.
I remember Tim Scruggs used to sponsor a regional tour in my neck of the woods, around Maryland, Delaware, and Pennsylvania. One day, I ran into him at a local pool room, and we chatted for a spell. He said he decided to end the Scruggs tour.
I'm sure he had various reasons for doing so, but the straw in the camel's back was this. The winner of his tour's season finale always received a custom-made Scruggs cue. It was his way of giving them something special. The last year of the Scruggs tour, the winner of the season finale sold his "rights" to the custom-made Scruggs cue to somebody for cash money. Tim Scruggs received a phone call from the guy who paid the cash money to the season finale winner, giving him his specifications for the custom-made Scruggs cue. I'm sure that was upsetting to Tim Scruggs. :frown:
Recently, I read a thread on this forum about Melissa Herndon requesting help for an injured husband of a player. She not only raised $4,000, but she came back on the thread and thanked everybody who donated. That's a first-class action, something you don't see very often after the monies come in! :yes:
I do wonder if today's pool peeps who do receive help from industry members take the time to provide updates on progress and/or send a simple thank-you note to them. IMO, there might be more financial support if this practice was exercised more often.
If you see a Ustream or attend a pool tournament that is sponsored by an industry member, a thank-you note sent to them expressing your appreciation or even how you felt the event went would go a long way. In fact, after spending time with some multimillionaires, I'm sure of it.
One topic that seemed to resonate with all of them was whether to continue donating funds to entities that did not keep them up to date on how they were spending the funds, as well as a simple thank-you note. In fact, some of them stated they decided to quit funding some entities because of the lack of communication, but it was that simple thank-you note or recognition that was a biggie for a few of them.
I remember Tim Scruggs used to sponsor a regional tour in my neck of the woods, around Maryland, Delaware, and Pennsylvania. One day, I ran into him at a local pool room, and we chatted for a spell. He said he decided to end the Scruggs tour.
I'm sure he had various reasons for doing so, but the straw in the camel's back was this. The winner of his tour's season finale always received a custom-made Scruggs cue. It was his way of giving them something special. The last year of the Scruggs tour, the winner of the season finale sold his "rights" to the custom-made Scruggs cue to somebody for cash money. Tim Scruggs received a phone call from the guy who paid the cash money to the season finale winner, giving him his specifications for the custom-made Scruggs cue. I'm sure that was upsetting to Tim Scruggs. :frown:
Recently, I read a thread on this forum about Melissa Herndon requesting help for an injured husband of a player. She not only raised $4,000, but she came back on the thread and thanked everybody who donated. That's a first-class action, something you don't see very often after the monies come in! :yes:
I do wonder if today's pool peeps who do receive help from industry members take the time to provide updates on progress and/or send a simple thank-you note to them. IMO, there might be more financial support if this practice was exercised more often.
If you see a Ustream or attend a pool tournament that is sponsored by an industry member, a thank-you note sent to them expressing your appreciation or even how you felt the event went would go a long way. In fact, after spending time with some multimillionaires, I'm sure of it.