Passing the buck
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This document discusses strategic philanthropy and creating an effective charitable giving plan. It defines key terms like social good, social innovation, and social return on investment. It emphasizes aligning one's social vision with effective social partners and prioritizing causes. The document provides tips for evaluating charities and creating a multi-year giving plan that balances donor and charity interests. Overall, it aims to help donors optimize their social capital and maximize social impact through strategic philanthropy.
Passing the buck
- 1. Passing the Buck: The Social Capital Legacy Conversation Philanthropy and the Next Generation
- 2. How much??? Leave enough for your children that they will do something, but not so much that they won’t do anything. - Warren Buffet “It’s not your pearls, it’s your pearls of wisdom.” - Karen Roth Warren Buffett, Melinda & Bill Gates
- 4. Discussion • What is philanthropy? – Allocating your Social Capital • What is social change? • Measuring social change • Making it real – Creating a charitable giving plan – Handouts
- 6. Definitions Social Investing Shared Value Social Return on Collective Impact Investing Social Innovation Social Entrepreneurship Social Good Social Finance /Social Capital
- 7. Definitions Social Good: A good or service that benefits the largest number of people in the largest possible way. Source: www.globaltrends.com Social Innovation: A novel solution to a social problem that is more effective, efficient, sustainable, or just than current existing solutions, and for which the value created accrues primarily to society as a whole rather than private individuals. Source: www.ssireview.org
- 8. Definitions Social Return on Investment (SROI): A framework for measuring and accounting for the social, economic and environmental value that results from our activities, using monetary values to represent them. Source: www.thesroinetwork.org Social Investment: The term ‘social investment’ is often used to describe an investment in social or environmental outcomes combined with financial returns for the investor.
- 9. Strategic Philanthropy is about aligning your social vision with effective social partners
- 10. What most needs doing… How do I know?
- 11. Social Capital: Resourcing Social Change Why we do... How we do it... • Front-line Charity • Personal/Family Social • Annual Giving Vision • Special Events • Private Foundation What we do... • Public Foundation • Volunteering Time • Charitable Trust • Donating In-Kind • Donor Advised Fund • Chequebook Charity • Giving Circle • Engaged Philanthropy • Crowdfunding • Micro-Loans • Strategic Philanthropy • “Groans” • Leaving a Legacy • Social Impact Investing
- 12. Hierarchy of Values The stronger the causal alignment the larger your investment of time, intellectual capital and financial support
- 13. Self-Reflection Questions • Household • Community • Global • Setting priorities
- 14. Optimist Pessimist Ambivalent Irrelevant
- 16. “Heading for a Revolution...” Industrial Revolution Information Revolution • Improved productivity • Improved productivity Assembly Line Social networks to • Technology Steam leverage operational power, shipping systems objectives (crowd- • Raw materials sourcing) Resource extraction • Technology Internet • Infrastructure • Raw materials Ideas Government Policies • Infrastructure Government Policies, co- work space, social networks
- 18. Creating a Giving Plan 1. Identify areas of giving are most important 2. Audit past giving 3. Create a portfolio of responsible, well managed charities that will deliver impact 4. Establish a disbursement program that balances your donor interests (i.e. tax benefit) with charity need and timeline 5. Ongoing communication with organization Accountability
- 19. What to look for? • Leadership – Qualifications – History & Connectedness – Board engagement • Corporate Structure – Strategic v. Operational Board – Policies to protect donors and clients – D&O Insurance • Program Implementation - Success rates – Capacity to report on long term effectiveness – What is success? • Financial Management- Solution to Social Problem – Fundraising – Overhead Operational Effectiveness • Competitive Analysis
- 20. Questions to Ask BEFORE Donating 1. How long has the organization been in operations? a. How long has the Executive Director been in the role? b. Are the client testimonials/partner reports to share? c. Is there a “road map” for the organization – business plan for delivering on its mandate? 2. Board Governance a. Same people on the board, or is there a mechanism for succession planning and new idea generation? b. Is the board a strategic board or an operational board?
- 21. Questions to Ask BEFORE Donating 3. What are the donation management terms? Are they part of the board monitoring activities? a. How will your donation be managed and stewarded? Who will be your “contact”? 4. What is the operating budget? What is the program delivery budget? 5. Has the organization adopted the code of Ethical Fundraising and the Donor Bill of Rights?
- 23. Contact Info & Team • Gena Rotstein – Chief Conversationalist, Philanthropic Advisor • Margo Purcell – Inter-Generational Conversationalist • Karine Aviv – Charity Sector Market Analyst • Adam Aptowitzer, LLB – Charity Lawyer www.dexterityconsulting.ca info@dexterityconsulting.ca www.place2give.com @DexterityCon or @Place2Give 403-860-7572
Editor's Notes
- #10: There is a Native American saying, “We do not own the earth, we have borrowed it from our children.” Using this as the foundation, a strategic philanthropist will become an investor in community.What does a social vision mean?ValuesWhere I want to see societyThings that I believe in
- #13: What motivates you to give to the charities that you give to?Refer to charities that have been highlighted in conversationTop five reasons why people give to charity.What are some other reasons that you make charitable donations?Want to see changeKnow that the organization can deliverBecause people need the support that I can provideIncreases awareness about an issue that I care aboutGood for business
- #14: Read off example questions.Have people do worksheets
- #16: The beginning stages of a revolution:To quote iGenTribe.com - “Skills have been replaced by knowledge. Attitude has replaced experience. Leadership has replaced management.”For a revolution to occur there needs to be: - Improved productivity - Technology - Raw Materials - InfrastructureThe current revolution sees the internet technology is improving productivity by generating more virtual people power. The raw materials are ideas, and the infrastructure is both the public policies and the use of the basic technology. What is resulting is a new definition of community.Just look at Facebook or Google +. In Facebook, you have friends and fans. You can unfriend a friend and unlike an organization just by clicking a button. Or in Google you can create online cliques of friends by cataloguing and categorizing as you see fit.This shift in how we define community is also changing how we raise funds. Technology is allowing us to crowdsource financing either through donations, micro-loans, micro-donations, crowdfunding projects and raising start-up capital for new ventures. Technology is allowing us to move back to a village capital model where all ships rise on the collective success. This is the new economy and one that is going to shape the way that charities raise funds for the next three generations.