Strategic Philanthropy - What Most Needs Doing Dec. 2012 WINK Calgary

Philanthropy-- what most needs doing?

Presented by: Gena Rotstein

My Wisdom Story

Topics for Discussion

What is philanthropy?o Allocating your Social Capital

What is social change?Measuring social changeMaking it realo Creating a charitable giving plano Handouts

Philanthropy Activity

Introduce yourself to your neighbourShare your most memorable volunteer experienceShare a time with you received a special or significant non-monetary giftShare a time when you gave a special or non-monetary gift

What is Philanthropy?

The New Words of Philanthropy

Social Investing

Social Return on Investing

Social Entrepreneurship

Social Finance /Social Capital

Shared Value

Collective Impact

Social Innovation

Social Good

SOCIAL CHANGE

Definitions

Social Good: A good or service that benefits the largest number of people in the largest possible way.

Source: www.globaltrends.com

Social Innovation: A novel solution to a social problem that is more effective, efficient, sustainable, or just than current existing solutions, and for which the value created accrues primarily to society as a whole rather than private individuals.

Source: www.ssireview.org

Definitions

Social Return on Investment (SROI): A framework for measuring and accounting for the social, economic and environmental value that results from our activities, using monetary values to represent them.

Source: www.thesroinetwork.org

Social Investment: The term ‘social investment’ is often used to describe an investment in social or environmental outcomes combined with financial returns for the investor.

Strategic Philanthropy Is About Social Vision And Aligning That With

Effective Social Partners

What most needs doing… How do I know?

Social Capital: Resourcing Social Change

What we do...Volunteering Time Donating In-KindChequebook CharityEngaged PhilanthropyStrategic PhilanthropyLeaving a Legacy

How we do it...Front-line CharityAnnual GivingSpecial EventsPrivate FoundationPublic FoundationCharitable TrustDonor Advised FundGiving CircleCrowdfundingMicro-Loans“Groans”Social Impact Investing

Why we do...

Personal/Family Social Vision

Hierarchy of Values

The stronger the causal alignment the larger your investment of time, intellectual capital and financial support

The Decision Making Tree

Self-Reflection Questions

HouseholdCommunityGlobalSetting priorities

Leaving a Legacy – How much???

Leave enough for your children that they will do something, but not so much that they won’t do anything.

- Warren Buffet

“It’s not your pearls, it’s your pearls of wisdom.”

- Karen Roth

Warren Buffett, Melinda & Bill Gates

Creating a Giving Plan

1. Identify areas of giving are most important2. Audit past giving3. Create a portfolio of responsible, well managed charities

that will deliver impact4. Establish a disbursement program that balances your

donor interests (i.e. tax benefit) with charity need and timeline

5. Ongoing communication with organization Accountability

What to look for?Leadershipo Qualificationso History & Connectednesso Board engagement

Corporate Structureo Strategic v. Operational Boardo Policies to protect donors and clientso D&O Insurance

Program Implementation - Success rateso Capacity to report on long term effectivenesso What is success?

Financial Management- Solution to Social Problemo Fundraisingo Overhead Operational Effectiveness

Competitive Analysis

Questions to Ask BEFORE Donating1. How long has the organization been in operations?

a. How long has the Executive Director been in the role?b. Are the client testimonials/partner reports to share?c. Is there a “road map” for the organization – business plan

for delivering on its mandate?

2. Board Governancea. Same people on the board, or is there a mechanism for

succession planning and new idea generation?b. Is the board a strategic board or an operational board?

3. What are the donation management terms? Are they part of the board monitoring activities?

a. How will your donation be managed and stewarded? Who will be your “contact”?

4. What is the operating budget? What is the program delivery budget?

5. Has the organization adopted the code of Ethical Fundraising and the Donor Bill of Rights?

Questions to Ask BEFORE Donating

QUESTIONS?

Gena Rotstein – Chief Conversationalist, Philanthropic AdvisorMargo Purcell – Inter-Generational ConversationalistKarine Aviv – Charity Sector Market AnalystAdam Aptowitzer, LLB – Charity Lawyer

www.dexterityconsulting.ca info@dexterityconsulting.ca403-860-7572 @DexterityCon or @Place2Give

Contact Info & Team