We established [The Gloria Estefan Foundation] in 1993, because I was getting so many pitches from charities that I thought the best way to maximize our charity dollars was to establish a foundation, where you can do so many things. [The royalties from] four of my songs go directly to my foundation, and I don't have to bother people for money. I have been funding it myself all these years, from diffent concerts that I do that pay right to my foundation. It's what I love to do. It's something that makes me very happy. . . [The foundation has helped] from small things to large things. Every time there has been a natural disaster, we, thought the American Red Cross, have helped. Not just here , but in Nicaragua and Honduras. Obviously, Miami is very close to my heart.
About this quote
- What does it mean?
- She explains founding her charity to maximize impact, funding it personally through concerts and song royalties to help disaster victims.
- In plain terms
- She started a foundation to control her charity work and funds it with her own music earnings.
- What can you take from it?
- Take direct control of your charitable giving for maximum impact.
Where it applies
Putting it to work
Questions to consider
- How do you want to give back?
- Should charities be self-funded?
Another view
Not everyone has the income to self-fund a foundation.
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