One thing I didn’t mention in my last post is the fact that I think I have a plan in place for what to do with the money coming in from life insurance, proceeds on the house, etc. I don’t think it’s appropriate to discuss too much of the details here - rest assured, though, that a significant amount will be placed into long-term savings - but there’s one use I’m especially enamored of that I want to share.
Mom is not monetarily wealthy, but I’ve been very impressed with how well she got her finances together. Were she wealthier, I genuinely believe she would have been very generous with her money. She has always cared about other people, always been a very compassionate woman. She was always generous when it came to Dani and myself. It’s a generosity I want to share with the world.
I intend on taking some of the proceeds from her estate and starting a charitable fund in her name. My hope is that it will eventually grow into a full-fledged foundation. The money I put in this fund initially will be intended solely to generate interest, which will then be partially spent on various charitable causes we support and partially re-invested into the fund to foster its growth. I’m even considering soliciting donations to the fund. Mom left a solid, impressive legacy that I want to continue so that she can still contribute and do good things in this world, even if it’s by proxy. I’m very, very proud of this idea so any advice and support you can provide would be much appreciated.