Tag Archives: business

Philanthropy — The Forgotten Investment Asset

Why philanthropic giving is a smart investment tool for business. Socially conscious investors are after more than just financial returns. In addition to making money in the markets, we also want to make a difference. We want to leave a legacy of not just wealth but positive change. However, in our quest to be socially conscious change creators, we often overlook the power of one key asset: our philanthropy. For most people, philanthropy is the money we give away when we’re finished investing and earning in other areas. It’s a separate category — not just on our tax returns or financial planning documents, but also in our heads. The idea that one makes money first, then gives it away is … Continue reading Philanthropy — The Forgotten Investment Asset

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The Danger of Treadmill Verbs

Sometimes it’s better to hop off the treadmill. My colleague and friend Ann Latham is a pro at creating effective meetings. One of her secrets is to ensure that everyone is always moving forward toward an identified goal. No wheel-spinning allowed! So when I read her recent post about “treadmill verbs” and how they bog down meetings, I immediately drew a parallel to philanthropy. Treadmill verbs describe those actions that can bog us down and keep us from moving forward – all in the name of doing good work. You’ll doubtless recognize words like learn, review, study, and plan. “Destination verbs,” on the other hand, are words that describe forward movement and accomplishment. Think of words like approve, decide, confirm. … Continue reading The Danger of Treadmill Verbs

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Five ways to avoid delusional altruism

This post was originally published on Smart Business.  It is reposted here with permission. Good businesses pride themselves on the good they do for others, both in terms of their products and services and in the way they give back to their communities. However, in my 16 years of experience advising corporate, institutional and individual philanthropists, I’ve found that many suffer from delusional altruism. Delusional altruism is when you are genuinely trying to help people — but paying absolutely no attention to the operational inefficiency and waste that drains those you’re trying to help or your own company or corporate foundation of the human and financial capital necessary to accomplish these goals. Let me give you two common examples of delusional altruism … Continue reading Five ways to avoid delusional altruism

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Small Business Tips for Charitable Giving

Did you know that donating to a good case can help your business? I was quoted in a recent Wall Street Journal article that highlights how small companies should give to charities. Here is a summary of what it recommends: 1. Connect your cause to your company — A pet supply company will gain more traction donating to an animal shelter than to the opera. 2. Ask employees for their ideas on causes to support – Employees will be more engaged in your charitable efforts if they help to create them. 3. Support causes you care about in your backyard – Employees will be more appreciative that company philanthropy is supporting the communities in which they live, and local customers will too. … Continue reading Small Business Tips for Charitable Giving

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