The occasion was a cocktail party in Gene's New York City apartment over 20 years ago, for an earlier campaign for Swarthmore. I remember vividly Gene's joy in giving and also how some of his biggest rewards in giving had come years earlier when he was giving modest sums at a modest income level. I remember deciding to start giving what my wife Barbara and I could right away, even if we felt a bit stretched, and not postpone giving to some future moment that we might be fortunate to collect a large sum in the lottery of business entrepreneurship.
Now that I have sold the business I started 16 years ago, Barbara and I can do more, and our mindset is quite different from the days when our very modest giving essentially was adding to the debts we were incurring to launch the business. Our gifts today are easier to make because we decided a long time ago that we didn't want to change our lifestyle if our income jumped. We've had a very comfortable life for the past 25 years, and there is nothing material we long for: no yachts, second homes, or expensive art. And for over a decade, I have motivated myself to work hard to strive to grow the business by telling myself that if the business prospered greatly, I would use a large portion of the wealth created to try and make a difference for others.
No Large Inheritances
Why I give ultimately centers on happiness. It's trying to emulate the joy I saw 20 years ago in Gene Lang - and still see in him as he continues to make a difference. And it's trying to generate more of the happiness I've already experienced in making gifts. I've been very fortunate in experiencing more than my share of what Barbara and I call Top 10 days. Three of these days have come in the past year.
One was surprising my Swarthmore cross country coach, Joe Stefanowicz, with a commitment to renovate men's and women's locker rooms in his honor. A second was surprising Barbara by endowing in her honor a scholarship at Yale. (Not everyone can be fortunate enough to go to Swarthmore!) A third was the inauguration last fall of Rachel Merz as the first Walter Kemp Professor of Natural Sciences. My father Walter was there with family and friends, and I still feel a little guilty about how good the experience made me feel.Positive reinforcement works, and Barbara and I are eager to experience more of these Top 10 days that have been so exhilarating. And I'm convinced that these pleasures are available to all of us.