Since I started out as a freelance consultant my plan has been to begin donating a proportion of my income to charitable causes once I reach financial security (i.e., mortgage paid off). However, the on-going pandemic and the Russian invasion of Ukraine with all the uncertainties and unrest they entail have made me realise that I may never reach a state of complete financial security. So instead of standing by idly while the alarm bells are sounding throughout Europe and the rest of the world I’ve decided that there’s no better time than now to start donating.
The Effective Altruism movement and the Giving What We Can community are encouraging people to make a public pledge to give a meaningful portion of their income to effective charities. There are currently two public pledges available: personal and company. The personal pledge entails giving 10% or more of personal income while the company pledge takers commit to donating at least 10% of their company profits. I have taken both of the pledges. However, I want my commitment to be revenue based so that it lives and breathes with the company, my livelihood, and not just with its profits - making it an integral part of the business model. Therefore, to amend the two pledges, I’m making the following one:
I recognise that I can use part of my income to do a significant amount of good. Since I can manage with smaller income, I pledge that from January 2022 forward I shall give at least 10% (ten percent) of my company’s revenue to whichever organisations can most effectively use it to improve the lives of others, now and in the years to come. I make this pledge freely, openly, and sincerely.