Giving to others has funded great universities, museums, galleries, schools and hospitals all over the world. Some mega rich people give massive sums to good causes. Bill Gates, the computer whizz, has donated billions of pounds to fight illnesses like malaria. Three Sainsbury brothers, from the supermarket family, paid for building an extra part of the National Gallery in London. Your local library might have been funded many years ago by an American businessman, Andrew Carnegie.
But people can also band together, so lots of small donations add up. For example, in 2017, people running in the Virgin London Marathon raised more than £61 million for charity!
Learning about helping others can also teach valuable lessons about money. Choosing where to spend your own money can support good causes, if, for example, you use a charity shop or buy products marked as “Fairtrade”. Looking at where donations are spent encourages children to think about how money can make the most impact. Thinking about the reasons to support one charity rather than another can introduce them to the basics of budgeting.