It is hard work to give money away. It requires a great deal of planning and strategizing. If not managed properly, philanthropy can both harm the giver and spoil the receiver. Expand. Generosity is the mother of ingratitude.

As Mildred’s charitable endeavors grew I saw the need to organize them after a rational fashion. This is why in 1926 I created the Mildred Bevel Charitable Fund. Not only did I endow it amply, but I also managed the funds so that the giving followed a systematic approach and did not deplete the capital. General financial architecture of MBCF. Why it was so innovative. Milestones.