Northwestern has a new class method trying to teach that skill:
Vinay Sridharan must make it through microeconomic theory and the writings of Proust before the end of his senior year at Northwestern in June. But in one course, the final project is far less abstract: give away $50,000.
It is also far more difficult than it may seem.
This course in philanthropy, endowed with a grant from a Texas hedge fund manager, requires students to find and investigate nonprofit organizations and, if they stand up to scrutiny, give them a portion of the five-figure cash pot.
But did the backing donor give his money away well? I am not so sure. There is more here.