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Thomas
Kane is a Private Wealth
Manager and Managing Director at Merrill Lynch Private Wealth Management in
Chicago where he advises
ultra high net-worth clients. Outside of his career responsibilities, Thomas is
regarded in the community for his philanthropic efforts both in Chicago and
abroad. We recently spoke with Thomas to
gain his insight on how entrepreneurs can become more involved with charity.
What social causes
are you most passionate about?
Thomas Kane: I am the President of Friends of the IDF Central Region and it is the cause I
am most passionate about.
The organization focuses on “looking out for those who protect us” in
the Middle East. Specifically, we
provide financial support for former combat/front line soldiers in need. I am also involved in the Jewish Federation
of Chicago as a significant financial supporter and also the Co-leader of a
mission called “Rosh Gadol” where we focus on bringing philanthropic minded
young business leaders from Chicago to Israel every few years to spend time
with local leaders.
Many entrepreneurs are
successful at managing their business finances and want to find ways to pay it
forward. How important is it for
entrepreneurs to commit some time and effort on giving back to social causes?
Thomas Kane: I think modern entrepreneurs want to leave a
legacy and they realize that after the numbers are crunched and their business
is off the ground and becomes successful, they still crave more. Millennial entrepreneurs want to be hands-on
and involved. Besides the obvious
reasons that giving back has on a community, they see charitable giving as a
way to build their reputation.
Supporting social causes is an investment in the company’s future.
Should more nonprofits be
courting entrepreneurs as donors?
Thomas Kane: I think so. Entrepreneurs’ approach to philanthropy
reflects… Read More
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