There is no doubt that John Templeton left a lasting legacy in the financial world, as we have and will continue to highlight here. But he also focused a large part of his life on philanthropy.
In a recent post on his blog, author and management expert Ken Blanchard commented on John Templeton’s perspective on philanthropy, particularly tithing:
You know, in these tough economic times, I’ve been thinking about what’s the best financial advice I’ve heard. I was once talking with the great financial advisor Sir John Templeton. Somebody asked him about the best financial advice he had ever given anybody, and he said, “Tithing.” He said, “I’ve never known anybody who has tithed (given away) at least ten percent of their income to good causes who didn’t have it coming back tenfold. Just reaching out and helping others brings that energy back to you.” And I firmly believe that. Templeton said, “Don’t wait until you have a lot of money. Reach out and help somebody now.”
Blanchard goes on to comment on how, in these economic times, it is wise to think about and act on Templeton’s advice. As we debate whether it’s the moment of maximum pessimism, Templeton’s perspective of philanthropy as a method of financial gain may be helpful to keep in mind.