I couldn't agree more with this. Larry. That's a really nice thing to do.
Several years back, a friend I had met on this forum and jammed with on a few occasions was down on his luck, losing his house and had sold all of his guitars to just scrape by. He was really missing being able to play. I bought a new Squier Strat, sunburst, and shipped it to him. The only condition was, I asked him never to sell it. This way, he'd always have a decent guitar. About 1 1/2 years later, he contacted me to say he'd gotten back on his feet and wanted to return the guitar. I thought about it for a moment and said, "Hang on to it and the next time you see someone in need, give it to them under the same condition. Let's throw this guitar out into the universe and as a gesture of good will toward all who encounter it.
In 2013 a friend of mine had lost the use of his legs in a motorcycle accident and was finding it way too uncomfortable to play bass guitar any more. I designed and built what I call the "Ergo-Vibe Bass Guitar," and he plays it to this day! One of the best projects I have ever done. I gave on to the Gary Sinese Foundation as well.
And just a few weeks ago, an elderly couple gave me an old import acoustic guitar they weren't using any more. I didn't need it so I brought it down to the local music store and gave it to them, saying that if they came across someone showing a genuine interest in music, but unable to afford a guitar, please give it to them. They'll probably at least come back for strings and maybe even lessons.
One of my students was a small girl, about 12 or 13 years old who owned a full size dreadnought acoustic. It was just too big for her. I was loaning her my little Yamaha travel acoustic and she started progressing very quickly. When her parents decided to stop giving her lessons, I let her keep the guitar because I knew she would stop playing if she only had the BIG dreadnought to play.
The gift of music is one of the best things in life! People who play music are generally peaceful, considerate and more likely to work to the benefit of society. We all have ways of giving back. That old guitar you've had sitting in the closet just might change someone's life!