How Small Investors Can Change the World “Small but mighty” is a phrase we’ve seen applied time and again to describe something that seems too little to notice but that packs a wallop when it comes to impact. A boy named David fells giant Goliath with a single stone. An ant moves a rubber tree plant. The electrons of two hydrogen atoms bond with an oxygen atom, creating life-giving water. A small funder makes a philanthropic investment that changes the world. It’s entirely possible. Unfortunately, the thing that most frequently holds small funders back is their own belief that they’re too small to make a big difference. In fact, small funders are often well positioned to be the catalyst or … Continue reading Small Donors, Big Thinking
Have the most impact possible in your charitable giving. If you want to achieve dramatic impact in philanthropy you need to know where you’re going, you need to get there, and you need to know if and when to change direction or find better routes along the way. Here are three conditions to remember: Strategy formulation. Simply put, if you don’t know where you are going you’ll never get there. Formulating your strategy means identifying your desired future – what kind of change do you want to see in the world or what kind of organization do you want to become? Having a strategy is helpful because it provides a framework that allows you to make smart decisions and choices, such … Continue reading 3 Conditions for Dramatic Impact in Philanthropy
Take your philanthropy and your effectiveness to the next level. Maybe you’ve been practicing philanthropy for a while and you’ve mastered the basics — the essentials you need to create a solid grantmaking strategy and process. How do you take your work and your effectiveness to the next level? It’s one thing to be competent; it’s another to go beyond the basics and really hone your craft. Here are four smart grantmaking practices that will help you do just that: Practice #1: Organize your work around your values. One of my clients was the new CEO of a health foundation. When she started she was delighted to see that words like “evaluation,” “learning,” “transparency” and “results” were written everywhere in the foundation: … Continue reading Beyond The Basics: 4 Smart Practices Of Savvy Grantmakers
Beat it back — or stop it before it even starts! We often hear about streamlining philanthropy — mostly with regard to efforts at simplifying grant applications, approval processes and reporting requirements. Streamlining is great. But when it comes to philanthropic bureaucracy, sometimes what we really need is a bulldozer. Some bureaucratic processes are so ridiculous, they just need to be demolished. Here’s a great example of philanthropic bureaucracy: 300-page board dockets. Imagine the joy on the board members’ faces when they receive those reams of paper in the mail to prepare for each board meeting. Imagine the hours and hours of foundation staff time that went into creating those reams of paper. Now, do you really think that anyone … Continue reading Demolish Philanthropic Bureaucracy For Good
Three ways to cede control — and improve your funding results. Most funders — whether institutional or individual — want to give back to society in meaningful ways. But many delude themselves by thinking they know more than they do, have the perfect solution to apply to a problem or are in the best position to make key decisions about where to invest in the problem they hope to solve. At their core, they believe that they know best or are better able to learn about and analyze problems and solutions than the people whom they purport to serve. This is perfectly understandable since our society tends to equate the accumulation of wealth with superior intellect — or at least … Continue reading Want To Give Back? Give Up!
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
There is nothing like reports and photos of devastation after a natural disaster to spark one’s desire to lend aid and support. Hurricane Harvey in Texas and southwest Louisiana most certainly has captured our attention, and now Hurricane Irma has entered the picture as a potential threat to the Leeward Islands and the US coast. But all too often, the outpourings of charitable gifts dry up long before the needs created by that disaster are all met. If you’re considering lending your support to those affected by a natural disaster, I encourage you to do so — and to consider the following four ways you can make a meaningful difference. 1.Respond to Immediate Needs. Right now, many people in Texas and … Continue reading 4 Ways to Respond to Hurricane Harvey (or Any Disaster)
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!
Donors and foundation leaders often expect nonprofits to collaborate, but they less frequently turn that expectation on themselves. Yet there is tremendous opportunity to exponentially expand impact through funder collaboration. In fact, it is rare for an individual or a funder to produce meaningful research or develop an idea all alone. Collaboration allows for greater leverage of ideas, investments, and reach to better ensure that research is thorough and conclusive, and that new products or approaches work and are relevant to those they’re intended to serve. What does it mean to collaborate? Funder collaborations happen in many different ways, all of which leverage the strengths of each collaborative partner to achieve a common goal. Collaborations can be formal and complex, with written agreements and well-defined roles and … Continue reading Get in the Spirit of Collaboration