Six simple strategies donors use to create their best legacy. In our culture, we’ve been trained that those with money are those who deserve our respect. Of course, we all know that this is not true in practice. There are many wealthy people for whom many of us have little or no respect, because they demonstrate little or no respect for others. Unfortunately, the same is true for philanthropy. There are individual philanthropists and foundations among us that are disrespectful to their grantees and their peers, although usually they do not intend to be. Creating a legacy of respect starts with a donor, and it grows throughout his or her entire philanthropic operation. Here are six simple strategies to cultivate … Continue reading R-E-S-P-E-C-T: Respect in Philanthropy
How funders undermine their own success. Is your philanthropic practice suffering from delusional altruism? How will you know? Funders may think they’re doing things right when they are, in fact, employing policies or practices that unintentionally cause unpleasant consequences for themselves and those they serve—and sometimes even cause more harm than good. This is what I call delusional altruism. Although delusional altruism is rarely intentional, it is pervasive, and its manifestations among funders can be difficult to recognize. Here are five common examples: Adopting a poverty mentality instead of an abundance mentality. The juxtaposition of poverty and abundance has nothing to do with money and everything to do with mindset and attitude. A poverty mentality is really a misguided belief that … Continue reading 5 Manifestations Of Delusional Altruism
Maintain a habit of intentional learning. As a funder, it’s regrettably easy to stay in a “bubble” of isolation — either constrained mentally by one’s own assumptions and knowledge, or even physically by never leaving the office and venturing out into the community. If you’re in a bubble, you probably aren’t intentionally undermining your own effectiveness, but you are deluding yourself that you’re achieving the impact you’d like to see. For effective grantmaking to really happen, you need to break out of the bubble, and make an effort to deeply understand and connect with the communities you serve. The bubble-breaking process starts with a commitment to truly becoming a learning organization. Many funders claim they want to learn, but … Continue reading Break Out of Your Bubble with a Learning Agenda
Prepare for a year of greater philanthropic impact! As philanthropic organizations, we’re hopefully starting a new year with a renewed commitment to do good for others. It’s at the root of every philanthropic mission, after all. And, as philanthropies, we all try to make decisions that are in service to our missions, represent good stewardship, and result in the greatest impact. But sometimes, in making those very decisions, we unintentionally do more to damage our impact than to further it. I call this Delusional Altruism®, and I’ve seen it manifest itself in many ways. For example: When funders penny pinch on their own infrastructure or professional development in the name of getting more money out the door to grantees, … Continue reading Three Ways to Keep Delusional Altruism from Undermining Your Philanthropy in 2018
Giving happens in many different ways. When we see the images of horrific damage brought on by hurricanes in the Caribbean, Florida or Texas, or by the earthquakes in Mexico, we are moved to send money in response. Through a simple financial transaction, we’ve helped address an immediate need. The same is true when we support a local food pantry to provide a meal for a hungry family, when we donate to a homeless shelter to keep a single mother and her children off the street or when our gifts to a domestic violence service agency help a battered woman escape an abusive relationship. This type of transactional philanthropy is important and necessary to help those in immediate crises meet … Continue reading Transact Or Transform: What Kind Of Giver Are You?
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
I am surprised by how often grantmakers see their role as funder, but not as a provider of services for which there are customers. True, the philanthropic customer is different than a business customer. As a foundation, you’re not selling a consumer good, but you are selling ideas, change, and a belief that communities can and should become better. And just as a private business needs customers to buy its products or services to keep its operation going, foundations need customers to buy into their missions and be willing to work as partners to achieve them. Philanthropic customers include the nonprofits you serve, donors (especially if you’re a community foundation), community partners, and even other funders who might align their … Continue reading Take the Customer Service Challenge
“Philanthropy” is generally translated from its Latin roots as “the love of humankind.” That means we automatically assume that all philanthropists are motivated, at least to some degree, by a desire to make life better for others. We see this assumption at work across the philanthropic landscape, from generous individuals to ginormous foundations, all working to support nonprofit organizations that, in turn, help millions of people and address almost every kind of need imaginable. But too often, a philanthropist’s or foundation’s work and effectiveness, while generous in spirit, is confounded by the requirements and processes that the funder adopts — requirements and processes that make their nonprofit partners tear out their hair. It’s not the philanthropist’s intention to make life … Continue reading How Grantmakers Unwittingly Make Life Harder For Nonprofits
Hint: The answer is yes. By now you probably know two things about me: I travel frequently, and I’m addicted to good coffee – especially first thing in the morning. So you can understand my delight to find a high-quality coffee service right on my hotel floor this morning! This was no in-room filter pack situation. To me, that’s like offering stale saltines to an artisan baker. I pass that up unless I’m completely desperate. But I also am reluctant to make myself presentable first thing upon waking just to go down multiple floors to a hotel lobby or a Starbuck’s to get the good stuff. On most trips, I actually bring a single-cup coffee maker with me on my … Continue reading Can You Improve Just a Smidgen?
Call ‘em what you want – in my 18 years advising foundations and philanthropists I’ve seen the terms “regional association of grantmakers,” “funder networks,” “affinity groups,” “philanthropy communities,” and more – and now the new term is “philanthropy-serving organization” (PSO). Whatever you call it, the value is timeless – bringing funders of similar interests, types, sizes, and/or geographic locations together to network and learn from each other. In my work advising foundation CEOs, I’ve noticed that as leaders transition to new roles and move to new organizations, and as foundation priorities and grantmaking strategies evolve, many funders fail to take advantage of – and sometimes fail to even notice – PSOs that might meet their evolving needs. For example: Consider … Continue reading There’s a Philanthropy-Serving Organization for That!