Think about all the assets you can bring to the table to advance your cause. Then deploy them! If philanthropists have anything, they have money. In fact, they have so much money that after taking care of themselves, their family, and their businesses, they’ve determined they have plenty left over to give away to help others. As a philanthropist, whether you earned the money, inherited the money, or you give other people’s money away as part of your job, you have access to wealth. But guess what? You have access to much more than just money. You have a staggering amount of assets you can deploy to help tackle whatever problem you are trying to solve. This includes: Your smarts … Continue reading Are You More Than Just Money?
Nothing creates heart pounding ghoulish fear in the minds of a grantee like hearing from their funder: “We’re about to start strategic planning.” A funder undergoing strategic planning can put the nail in the coffin for grantees…at least temporarily. Philanthropic strategy development seems to last forever. During this time, and often behind closed doors, the funder might “suspend grantmaking” to “evaluate priorities and approaches.” This leaves nonprofits to wonder if this dark period will lift. And when it does, will the funder still support their organization? Strategy development is important. It helps philanthropists clarify what they want to accomplish. It should lead to change. But it doesn’t need to leave grantees screaming at their desk chairs! You don’t want to … Continue reading One Guaranteed Way to Scare Your Grantees!
How to get the most out of your philanthropy. If you are like many wealthy individuals and families, you look to your wealth advisor or family office for help with charitable giving. But you also seek advice and guidance beyond checkbook donations. You need help selecting the best giving vehicle, such as starting a foundation or donor-advised fund. You want clarity on your philanthropic goals. You want to know if you’re having an impact. You need advice on how to involve your entire family in giving, while instilling a philanthropic legacy for generations to come. As a donor, your wealth advisor or family office is a potential resource for philanthropic advice. They already understand your financial goals and are helping … Continue reading 10 Questions Every Donor Should Ask Their Wealth Advisor
Change the outcomes in your philanthropic journey. Learning isn’t hard to do, but it must be intentional and continuous. Whatever role you play in philanthropy—be it donor, foundation leader or trustee—in order to make a real impact, you have to ask the right questions. And there is one question that is guaranteed to save time and money and help achieve dramatic results. It’s a simple question, but the answers you receive can help you start out with a sound strategy, change your outcomes and change the way you think about your giving. That question is this: “If you could do it all over again, what would you do differently?” Yes, it’s really that simple. If you ask others that question while … Continue reading Ask One Question To Save Time, Save Money And Achieve Greater Impact
Get excited and be prepared to launch your new initiative. After a long summer of late nights, fun in the sun and a relaxed schedule, families across the country are preparing for kids to get back to school. There’s a lot of build up to that first big day – planning for cooler weather, getting school supplies, buying new clothes, reuniting with old friends, and making new ones. There is a magical sense of anticipation, excitement and butterflies that makes the start of each new school year memorable and special. What potential new friendships will this year bring? What new and exciting things will be learned? Starting the year off right prepares students, teachers and parents alike for a successful … Continue reading 6 Back to School Lessons for Grantmakers
Do more than ready yourself for the unexpected. We have been told for most of our lives to prepare for the unexpected—save for a rainy day, have a Plan B and apply to some “safety schools” in case you don’t get accepted by your top-choice university. While being prepared for the unexpected is smart, it’s not as important as being prepared for the expected. As a philanthropist, your ultimate goal is to make the world a better place. To put ideas into action and create change where it is needed. One way to achieve this impact quickly and effectively is to be prepared for the expected. Problems will arise—that’s a guarantee—so you might as well be ready to deal with them. … Continue reading How to Prepare for These 5 Grantmaking Challenges
Smart philanthropy starts with an effective approach to our work. In philanthropy, we seem to be perpetually rushing from one thing to the next. There’s always an important meeting to prepare for or more grant applications to evaluate. Yet while everyone is feeling busy and moving quickly, the real change we seek comes along at the pace of snails. Instead of spending all of our valuable time working harder, we should also determine how we can work smarter. We all get into daily work patterns—some of them healthy, some not. How often do you find yourself so focused on your to-do list that you’ve lost track of why you’re doing the work? Everyone can improve their work habits, and even if the changes are … Continue reading 6 Ways To Get Time Back In Your Day, Every Day
Summer is fast approaching, and while you might be dreaming of sunny beaches and lazy summer days, you might also feel anxious about the progress you have not yet made during the first half of the year. Wasn’t it just January when you were making plans to change the world? And here we are days away from June 1st. How much progress have you made in your personal and professional goals? If you are like many of us, not as much as you hoped. Yikes! With the busyness of summer — family vacations, packing the kids up for camps and activities, and projects around the house — it can be hard to imagine finding the time or the energy to … Continue reading Fend Off Post-Summer Panic Before It Even Starts
Stop endless planning and catapult yourself to your desired future. The term “strategic planning” is an oxymoron. Formulating your strategy equates to determining your desired future state—for example, what change you want see in your community, what organization you want to become, what type of person you want to be. Implementing your strategy means moving from your current state to your desired future state as quickly as possible. Planning, however, is incremental. We ask ourselves what we can accomplish a year or two from now, given current resources and priorities. And then we let all kinds of things get in the way. “Well, we have that conference to organize and that will take a few months, then we need a few months to plan for … Continue reading You Need A Strategic Catapult (And I’ll Tell You Why)
Free yourself from the daily grind and support your best work. Keeping up with board meetings, grant applications, new partnerships, changes in technology and more can make the day-to-day work of managing a foundation very full, and sometimes overflowing. Every foundation CEO or board chair needs to create space for something more, though—your own way of pausing the routine and thinking bigger. I like to call it a “secret weapon.” It varies for each individual, but the outcome is the same: allowing time to better reflect, think and inform your philanthropy. What do you read? There’s no shortage of information available to better advise your work. Most clients I talk to are frustrated with information overload. Yes, that is something … Continue reading What’s Your ‘Secret Weapon’ In Philanthropy?