Lewis B. Cullman is the author of Can’t Take It With You: The Art of Making and Giving
Money. A businessman and philanthropist, he strives to
educate others in how they can follow in his charitable footsteps. He turned 88
in January and is still skiing. His free booklet, How to Succeed in Fundraising by Really
Trying, is available at lewiscullman.com. In late 2006, I toured the
completed education and research center at the Museum of Modern Art in New York.
The view from the balcony outside the sixth-floor library is stunning: To the
right stand the charming buildings on West 54th Street; to the left, the glass
windows of an adjacent church; and in the center, the Sculpture Garden and
atrium of the new main building.
I am quite proud that this new building bears the name The
Lewis B. and Dorothy Cullman Education and Research Center. On the day of the
ribbon cutting in late November, I felt a wonderful sense of completion. A week
before, my wife, Dorothy, and I experienced one of the warmest tribute dinners
we have ever attended. At the dinner, MoMA’s president, Marie-Josée Kravis, made
a disarming comment. "Lewis Cullman was once a meteorologist," she announced to
the crowd, "but now he’s become a rainmaker!" The remark was a nod to my past and a clever play on words. It
also reminded me of how far I have come, not only from my youthful compulsion to
study the weather, but also in the few years since 1999, when I sold my company,
At-A-Glance, to Mead Paper for $550 million—and pledged to give most of that
money away. Since my wife and I began working full time helping
institutions and causes, we have had the time of our lives. The years I spent in
business earning my fortune cannot begin to rival the joy I’ve experienced from
giving it away. For me, the key to happiness is more than just writing a check.
It is also getting fully involved with the people and organizations one cares
about, and contributing one’s own expertise. That often means raising money. Dorothy once said to me, "I’d rather be with smart people than
stupid people." Who could disagree? In my fundraising efforts on behalf of the
charities I love, I have altered Dorothy’s sentiments a bit: "I’d rather raise
money from rich people than poor people—it’s more productive." While this
statement may seem obvious, it is one of the many lessons I’ve learned about
fundraising and philanthropy. For instance, no matter how many advantages you
may have in your life, it is still important to cultivate leads. That means
keeping your eyes and ears open when you meet people. Just as in the business
world, it is important to get to know others and to learn about their interests.
Take them to events. Expose them in subtle ways to what your priorities are—and
then watch to see if their eyes light up. Affluent individuals who are
passionate about various causes should take these (and other lessons) to heart
as they strive to change the world. Remember, even among the rich, raising money
still takes hard work. Success Stories When I was asked to give a dinner for Environmental Defense, I
noticed that a friend’s daughter was in attendance. Impressed with the
presentation, she donated $250,000 on the spot. My wife and I then invited her
to a MoMA event. The lesson learned here is to leverage all your contacts. And,
if you have a network of people who know your priorities, they can help by
mentioning you and your projects.
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