I’m Not a Millionaire, But I Just Gave $250,000 to Morehouse College: Here’s How (and Why)

You don’t have to be a millionaire to make a generous charitable donation to a cause that means the world to you, just like I did. Here’s the strategy that enabled me to give $250,000 to Morehouse College, and how you might be able to do something similar.

Portrait of financial professional Malik S. Lee
(Image credit: Photo of Malik S. Lee provided by author)

If someone just told you they gifted $250,000 to their alma mater, what would you think? That they were just flexing? That they were worth millions? Or maybe even that they would be a great person to ask about making you a 100% “forgivable loan”!

When we hear these kinds of stories, we often think the person behind the philanthropy must be unspeakably rich and wealthy. But the truth is, it’s easier and more affordable than you may think to make a significant planned gift to a worthy institution like Morehouse College — which is what I just did.

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Malik S. Lee, CFP®, CAP®, APMA®
Managing Principal, Felton & Peel Wealth Management

Malik S. Lee, CFP®, CAP®, APMA®, is a financial expert with nearly two decades of experience and is the managing principal and founder of Felton & Peel Wealth Management, a full-service, comprehensive wealth management firm servicing clients nationwide with offices in both Atlanta and New York. Malik graduated with a degree in finance from Morehouse College and is a CERTIFIED FINANCIAL PLANNER™, Chartered Advisor in Philanthropy® and an Accredited Portfolio Management Advisor℠.