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This is a presentation for WINK Calgary given in Dec. 2012. It is updated from previous presentations with similar titles.
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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 [email protected] @DexterityCon or @Place2Give
Contact Info & Team
