I actually wrote about this in my very first BiggerPockets article in 2017: How My Journey Out of $2.5M in Debt Inspired Me to Live a Charity-Focused Life.

There are stories every year of a new top 50 member of the Forbes list only being found after donating $XX Million to a charity or school.

Operating a charity is noble and much needed...but should be a conscious choice.

It doesn't change anything, unless of course I missed the post where he said thanks but no thanks and is donating all of the money received to a charity.

The question you need to ask yourself is, I am I running a business, or a charity?

I'm not saying harbor illegal aliens or practice prejudice against anyone - but if you approach these things as a social engineer you will be running a charity rather than a business.

When they receive the PFD, it will go towards the credit card balance they’ve been carrying for the last 11 months.Cars, Trucks, Cell phones and TVs – People that want to have the latest and greatest will use it to upgrade these or go bigger than they would have otherwise been able to afford.Donate it to a charity – usually people donate a small part to a charity.College savings – Responsible parents may choose to put their child’s dividend toward a college fund.

Never ever ever mix friends and family with business unless they are in a dire emergency and you are ok being a charity for them.

I am a landlord of a single family home in California that has run my property as a charity rather than a business and I am paying for it now.

Sure, give 10% or more of your profits to charity but don't turn a unit into a charity.