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
How donors with the best intentions get in everyone’s way. Everyone who gives away money or makes a social investment wants to feel like they are doing good. After all, that’s the basis of philanthropy. We want to help others, make lasting positive change and leave the world and its inhabitants better off because of our contributions. But too often, philanthropists delude themselves about their own effectiveness because they don’t see the myriad ways that they are adding needless complexity and complication to their work. They are blind to their own behaviors, policies and practices that can cause more harm than good. And they frequently get in their own way without realizing it. I call this delusional altruism. Here’s an example: … Continue reading The Delusional Philanthropist
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
A philanthropy consultant should live and breathe the principles of giving back. Let’s make no mistake about it: philanthropy advisors and consultants are in business to make a living. They provide a service that delivers value to their clients in exchange for compensation. Good philanthropy consultants leave no doubt in the minds of their clients that their services are worth the investment. But I believe that philanthropy consultants also should live and breathe the principles of giving back with their own generosity and philanthropy. I’m not only talking about consultants who make their own charitable gifts. I’m talking about those who go the extra mile to contribute deeply to the causes in which they specialize or to the field … Continue reading How Generous are Your Consultants?
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
Billionaire Jeff Bezos’s recent Tweet for suggestions about how to give some of his fortune away has inspired several media stories, including commentary and an open letter to Jeff Bezos about focusing on immediate suffering vs. creating a long-term strategy. Where, how and in what a philanthropist chooses to invest his or her philanthropic capital are all extremely important decisions. For someone with an entrepreneurial spirit, like Bezos, those decisions will no doubt reflect some new and different thinking. For the field of philanthropy, where many giving practices are deeply entrenched and sometimes outdated, “new and different” can be a very good thing. But no matter where, how or for how long Bezos chooses to be charitable, and no matter whether his philanthropy is wildly unconventional … Continue reading Five Things Jeff Bezos Needs To Know Before Giving Away Billions
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!
Unexpected events are a part of philanthropy, in much the same way surprise snows can be a part of spring. Depending on where you are and what you’re doing (and whether or not school is cancelled), that snow can be a blessing or a curse. For funders, unexpected events run the gamut from creating inconvenience to rocking entire worlds. Key staff may leave your team at a critical time. External forces (such as presidential elections, say) can make dramatic shifts in the environment in which your focus your giving. Or, as was the case with one foundation I’ve worked with, government leaders who were valuable partners for your initiative may end up in jail for corruption (completely unrelated to your … Continue reading 5 Ways to Prepare for the Unexpected
Guest blog by Michael Green, CEO of Center for Environmental Health, www.ceh.org, and former Putnam Consulting Client. For more than two decades, our organization, the Center for Environmental Health, has worked to protect children and families from harmful chemicals in consumer products and in our air, water and food. Among our many efforts has been work on national campaigns to address the threats that genetically engineered or GMO crops pose to health, the environment and sustainable farming. In talking to philanthropists about this work, we have often been faced with long discussions to dispel the myths they have learned about GMOs from the mainstream media. For years, the companies that make GMOs have flooded the media with unverified claims, promising … Continue reading Philanthropy and Science in an “Alternative Truths” World