Anonymous
Post 06/22/2023 21:31     Subject: Re:What to do with $ I don’t want
This might make sense given the history:
https://www.gofundme.com/f/f9fzn-help-preserve-historic-black-womens-aid-group?fbclid=PAAabHR8ROqcf7nNeTHv4k1Jk-Ix8PblRCcGu24pOk7gaeeUKkZIGRn8FH0CM
Anonymous
Post 06/22/2023 21:12     Subject: What to do with $ I don’t want
Anonymous wrote:
Anonymous wrote:With all due respect, you're crazy.

Are you a good person? Don't you live by precepts of earth-friendly stewardship, and teach your children to respect all peoples? Don't you want to build generational wealth for these kids whom you have raised to be caring citizens of the world?

If I were you, I would take the money, and when your children are older, gift it to them in several batches so they can invest when young.
Investing early is how I became wealthy in middle age. Buy and hold is an excellent strategy for stocks, but it takes time to come to fruition.




This is pretty much exactly what OP does NOT want to do -- perpetuate generational wealth built on the backs of slaves.

I agree with PPs -- establish scholarships at HBCUs.


+1. This is admirable of OP, who is not wealthy and could use the money to cushion their own nest egg or that of their children, but can’t overlook the immorality of its origin. Good for you OP. Related charities would be an appropriate option.
Anonymous
Post 06/22/2023 21:02     Subject: Re:What to do with $ I don’t want
Anonymous wrote:I agree with donating it locally.


Locally like to her kids.
Anonymous
Post 06/22/2023 21:00     Subject: Re:What to do with $ I don’t want
I agree with donating it locally.
Anonymous
Post 06/22/2023 20:47     Subject: Re:What to do with $ I don’t want
Anonymous wrote:I would give it locally where the plantation was. It’s likely that descendants of the enslaved people of your forefathers are still in the area. Maybe set up a scholarship at the local public high school.


This but also HBCU fan!
Anonymous
Post 06/22/2023 20:12     Subject: Re:What to do with $ I don’t want
I would give it locally where the plantation was. It’s likely that descendants of the enslaved people of your forefathers are still in the area. Maybe set up a scholarship at the local public high school.
Anonymous
Post 06/22/2023 20:01     Subject: What to do with $ I don’t want
Keep it and invest it. Revisit this issue in 30 years when it is worth more.
Anonymous
Post 06/22/2023 19:58     Subject: What to do with $ I don’t want
I love the HBCU idea!
Anonymous
Post 06/22/2023 19:22     Subject: What to do with $ I don’t want
Will add to the list for consideration:

The Equal Justice Initiative
The Innocence Project

Both do significant work advocating for black people in the South.
Anonymous
Post 06/22/2023 19:18     Subject: What to do with $ I don’t want
Anonymous wrote:You are not your forefathers but likewise I think it is wrong to profit off their evil. Donating it to black focused charity IMO absolves you of those sins (but not your forefathers).

NAACP
United Negro College
BLM


One of those is not like the other two.
https://nymag.com/intelligencer/2022/04/black-lives-matter-6-million-dollar-house.html

Also, NAACP LDF is a better place to donate than NAACP.
Anonymous
Post 06/22/2023 19:17     Subject: What to do with $ I don’t want
donate to naacp
Anonymous
Post 06/22/2023 19:07     Subject: What to do with $ I don’t want
Anonymous wrote:
Anonymous wrote:With all due respect, you're crazy.

Are you a good person? Don't you live by precepts of earth-friendly stewardship, and teach your children to respect all peoples? Don't you want to build generational wealth for these kids whom you have raised to be caring citizens of the world?

If I were you, I would take the money, and when your children are older, gift it to them in several batches so they can invest when young.
Investing early is how I became wealthy in middle age. Buy and hold is an excellent strategy for stocks, but it takes time to come to fruition.




Here’s how well-off lots of descendants of wealthy former slavers are: they have so many advantages in life and so much wealth that they can give away $225K and it’s no real hit to their bottom line.


OP here again. Exactly. We aren’t rich like my great greats were, but we’re plenty comfortable. We’re comfortable enough to be able to decline that money because it feels dirty. We work for our money, and I’d love for others to be able to be in our shoes.

I love these ideas. Especially the donor advised funds. Anonymous is great. Thanks for the great ideas.
Anonymous
Post 06/22/2023 19:00     Subject: What to do with $ I don’t want
Anonymous wrote:With all due respect, you're crazy.

Are you a good person? Don't you live by precepts of earth-friendly stewardship, and teach your children to respect all peoples? Don't you want to build generational wealth for these kids whom you have raised to be caring citizens of the world?

If I were you, I would take the money, and when your children are older, gift it to them in several batches so they can invest when young.
Investing early is how I became wealthy in middle age. Buy and hold is an excellent strategy for stocks, but it takes time to come to fruition.




Here’s how well-off lots of descendants of wealthy former slavers are: they have so many advantages in life and so much wealth that they can give away $225K and it’s no real hit to their bottom line.
Anonymous
Post 06/22/2023 18:57     Subject: What to do with $ I don’t want
HCBU in the state - contribute to a scholarship fund.
Community organization in that state (not NAACP or SPLC or other large orgs- they get foundation money and your contribution won’t go as far).
Anonymous
Post 06/22/2023 18:46     Subject: What to do with $ I don’t want
I would donate it to an HBCU