What I Gave and Where I Gave It: 2008 Giving Plan

Tyrone Boucher

Where The Money Came From (and some history)

My dad set up a trust fund for me when I was young, with stock from a software company he started. The company ended up making lots of money, and my trust fund grew to about $400,000. When I turned 25 (last year), the option opened up for the trustees to begin transferring the money into my control.

Because of my involvement in economic justice organizing, I’d already had lots of conversations about class, inheritance, and giving with my father by the time I started to get the money. He agreed to arrange for $200,000 to be transferred into a brokerage account that I controlled. I used some of the money to pay him back for my expenses he’d paid for in the past (like school), and put most of the rest of it into my giving plan.

Dealing with this money has been an ongoing process of talking with my family, understanding kind-of-complicated financial and tax stuff, making compromises (mostly about moving more slowly than I’d like), and getting clear on my own motivations and vision. I’m planning to give away 50-60% of the money from my trust fund by 2010, and most of the rest of it later, as I get access to it.

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Letters and plans

I was talking to Dean the other day about the usefulness of sharing certain kinds of personal letters as public documents (I think we were talking about coming out letters) – and because people often ask me for advice about how to talk to their families about things related to money and giving it away, I thought I’d post this old letter I wrote to my dad. I never know if sharing this kind of stuff is useful, but it feels from a lot of the conversations I have that family stuff is a big sticking point for lots of us when it comes to talking about/dealing with money in our lives. So if you’re wanting to start potentially hard conversations specifically about wealth accumulation in your family and anti-capitalist divestment, maybe you will find this helpful. I was also thinking about co-writing or doing an interview with my dad about our relationship around money and how it’s developed and what’s been hard and how we’ve dealt with me wanting to give away a large chunk of the money he accumulated and set aside to help make my life easier. Is that interesting?

I’ve also been planning to post my 2008 giving plan on Enough once I have all the numbers straight. I hope Enough can be a space where lots of us can share these kinds of tools and plans and letters and strategies, and get and give feedback about them.

Letter To My Dad About Giving Away Money

by Tyrone Boucher
I wrote this letter to my dad as part of an ongoing dialogue we were having shortly before I turned 25 and began to get some access to the trust fund he set up for me. I wanted to explain why I planned to give away the money, why I thought it was important and useful, and why I wanted him to be involved.
Hey dad,
Thank you so much for your thoughtful response to my email! I read it several times, and I’m sure I’ll return to it frequently as I continue to think about this stuff. Everything you wrote about economics was really interesting, and gave me a lot to think about in terms of how I view wealth accumulation. I have a lot of thoughts prompted in part by some really awesome books I’m reading right now about the racial wealth divide and political economy respectively, and I would really love to talk more this stuff as I finish those books and pull my thoughts together.
For right now, though, I want to respond to some of the more personal stuff you wrote – as well as bring up stuff that is really timely right now in regards to my giving and my own relationship to wealth.

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101 ways to write about the same thing

Do I say the same things over and over again? Sometimes I feel like I can’t let go of these questions and so I keep analytically pounding on them from different angles searching for some new insight. After I wrote that last post, I realized that I wrote an essay about very similar things last year and forgot about it. I wrote it after reading the book Outlaws of America by my new friend Dan Berger. Have you read it? I really recommend it – Continue reading “101 ways to write about the same thing”

Notes on Militancy, Privilege, and Guilt

by Tyrone Boucher

July 2007

I read Dan Berger’s book Outlaws of America: The Weather Underground and the Politics of Solidarity in the midst of organizing a conference called Making Money Make Change and thinking constantly about what it means to work with other wealthy/privileged people to support and strengthen social justice movements. I was totally enthralled by the book, I think because it directly addresses some of the questions I’ve been thinking about so much lately in terms of how I approach my activism, and how to work with other privileged people to support and participate in broad-based movements. In the book’s conclusion, Berger asks: “What does it mean to be a white person opposing racism and imperialism? What does it mean to be born of privilege in a world defined by oppression? How can those with such unearned social benefits work in a way to undermine and ultimately dismantle systems of injustice?” (272). Continue reading “Notes on Militancy, Privilege, and Guilt”

Ranting doesn’t always help

I keep meaning to write about Making Money Make Change, which I’ve been massively processing since I returned from the Bay Area. There are a million things to say about this conference, and I’ve written a little about it here. One of our Enough correspondents who was in attendance is compiling notes from MMMC for us to post, so look for a more detailed description soon. But meanwhile, I wanted to share a little piece of what I’ve been thinking about.

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Economic justice in the workplace

Jessica Hoffmann sent me this link to an interesting article about participatory economics in the workplace. I really enjoyed reading it particularly because this year I started working part-time at a collectively run consensus-based cooperative. Learning more about participatory economics and collectives and worker-owned co-ops feels pretty crucial to developing practices of economic justice and resistance to capitalism. Despite the slowness, constant meetings, and sometimes painful or challenging consensus process, the joy of working in a collective has not waned. It feels like a really human, experimental, resistant, trial-and-error process. I love that our dysfunctional workplace dynamics feel more likely to be about conflicting personalities than institutionalized exploitation. Dean probably has good stuff to say about workplace collectives too.

Excitement and critique go well together

It’s been hard not to feel somewhat elated during the past few days. I’ve been soaking up the euphoria on the streets of West Philadelphia where I live, the joyful tears of civil rights leaders on the news, the energy and exhilaration everywhere I turn. Although I expect no more from Obama that from any other moderate liberal in the two-party system, it’s definitely been exciting to watch the election of our first president of color – a man who did not grow up owning class, who worked as a community organizer, who talks explicitly about race, who says thoughtful and intelligent things on a regular basis, who (despite his selective denunciation) has as a mentor a radical Black reverend who vocally critiques the racism and imperialism of the U.S.

I also know that this victory by no means symbolizes an end to racism, let alone imperialism, injustice, and exploitation. And I know that Obama never could have been a serious candidate if he posed any opposition to corporate and imperial power.

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Philanthropy and abolition

On Tuesday I went to a funders briefing/panel discussion hosted by the Beyond Prisons Fund, which my friend Jamie set up with money he was given by his family. His goal was to use the money to fund prison abolition (almost unheard of in the philanthropy world), and he worked with a board of grassroots organizers to grant all of it out. Angela Davis was the featured speaker at the briefing, accompanied by a panel of folks from Critical Resistance, Generation 5, and Creative Interventions. Everyone was brilliant and nuanced and inspiring, and it was especially amazing to be there so soon after CR10 and feel such movement momentum around abolition.

This particular event was amazing and unique due to the kick-ass speakers and the presence of a lot of activists and organizers along with the funders and donors. Usually, though, I hate going to donor briefings because they tend to be so uncritical of philanthropy as a system. I sometimes find myself at them anyway, as part of my work with Resource Generation – the idea being that as a person with access to those types of spaces (because of class privilege and being a major donor), it’s useful to get involved and push them in a more radical direction – or at least towards funding more radical things. It’s part of the whole “leveraging privilege” strategy that Resource Generation is really good at, and because I know how powerful my access to those spaces and resources is, I try to push past my discomfort with the hors d’oevres and suits and detached professional atmosphere and bring a social justice analysis with me into the philanthropy world. I struggle with it a lot though; lately I’ve been thinking about an essay by Emi Koyama that I read a couple years ago in The Color of Violence, in which she describes her work in the domestic violence social service industry. As a former patron of those services, she enters the work vowing not to perpetuate the type of abuse that she experienced from social workers in the shelter system – but she ultimately concludes that the system itself is so institutionally abusive that anyone who functions as its agent is forced to perpetrate abuse just by holding a position of power within the system.

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CR10 and creating alternatives

I’m still coming down from CR10, which was huge and great and filled with more amazing things than I could have possibly absorbed. I ended the conference feeling inspired and tired and reminded of how important it is to incorporate prison abolition into all the social justice work we do.

There were a lot of highlights, but a big one was the opening plenary – which had an amazing lineup of speakers and performers including Andrea Smith, whose speeches always feel like a really good chiropractic adjustment for my brain (everything coming back into alignment with really intense sensations but it feels SO good); and Destiny Arts, who RULED the stage so hard with their tight dance moves after Andrea Smith’s amazing talk that I was kind of having an out-of-body experience from the excitement of it all. Also Miss Major made me so proud of queer and trans social justice organizers everywhere and Suheir Hammad made me (and everyone around me) cry.

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