Suppose you endow a charity, or university. You could put your name on it, but you could also endow it in honor of some teacher you had. People differ. There are people who prefer to be anonymous in their giving, or to put somebody else's name on it.

With inheritances, it's really important not to give the impression that you're extorting your children, and one way you can not do that is to make it clear to them that you're not leaving the whole of your estate to them at all, but to various charitable organizations.

Philanthropy can have a very strong selfish component.

Martha Nussbaum Quotes