“We have a moral duty to all children in the coming generation,” Facebook founder and wife Mark Zuckerberg wrote on Facebook. “Our initial focus areas will be individualized learning, disease cure, people connection, and community building.”

Many celebrities and other wealthy people are discarding the idea of leaving large quantities of money to their children after they die.

Their motivations are consistent: they want their children to establish themselves and understand the importance of hard work. These people do not wish entitled, lazy children. Instead, they want their children to grow into responsible people.

Many also know that having no school debt and the possibilities that generally come with having successful, well-connected parents will benefit their children greatly. Millions of children around the world do not have that opportunity.

They would instead give their fortune to organizations that assist poor children and individuals worldwide. Many believe their children already benefit from the extraordinary advantage of being born into the family.

Many highly affluent people are concerned that leaving their children with too much money may undermine their motivation and drive to work hard.

Many celebrities have stated that their children’s education will be paid for, a tremendous financial relief for American youngsters.

Naturally, they will ensure that their children are well cared for. Due to this, many of them will inherit shares or rights to certain aspects of their company. No, not huge sums of money.

Another option is to establish trust for their children. This guarantees that money is released gradually rather than being dumped with a wad of cash simultaneously.

With this gradual release, it is sufficient to ensure their children’s well-being without providing so much that the youngsters do not need to work and earn their own money.

Finally, whether you have millions of cash to pass on or only a few, how you do it is entirely up to you; the goal of every parent is to create humble, diligent children who appreciate the value of money and privilege. It is up to you if you want to teach them that by not giving them your money.