The future of philanthropy: The evolution from charitable giving to charitable living,
"As technology, culture, and societal norms evolve, how donors perceive and approach philanthropy also changes."
Want to have a highly productive week and accomplish all or most of what you set out to do? Then start Monday morning with any of three quick micro-challenges that will set you up to reach your goals. Or, if you want, you can do them all--which will take ten minutes or less…
A few years ago, a young colleague invited me to a party to meet his boss, executive director of a global nonprofit and a former scion of Wall Street. Some cursory research beforehand revealed that we had a mutual acquaintance who served on a board with the nonprofit leader. When introduced, I brought up the connection, but he displayed no interest. Instead he talked about his volunteer work and tossed around household names like confetti. As he spoke, he scanned the room without so much as a sideways word of inquiry…
The biggest wealth transfer in history is about to happen — and it's now expected to be more than double what many thought it was. It's estimated that 45 million U.S. households will transfer $68 trillion in wealth over the next 25 years, according to Asher Cheses, a research analyst and lead author of a new report from financial services research firm Cerulli Associates…
The power of ‘lean philanthropy": If you’ve spent much time in Silicon Valley, you’re likely familiar with the phrase “lean startup.”
It’s the idea of producing less waste and focusing more on innovation to meet a need. Driven by a desire to more directly impact the lives of those in need, donors are creating a new model of giving in the form of lean philanthropy by doing away with the bureaucracy and detailed application process of giving.
A few years ago, a young colleague invited me to a party to meet his boss, executive director of a global nonprofit and a former scion of Wall Street. Some cursory research beforehand revealed that we had a mutual acquaintance who served on a board with the nonprofit leader. When introduced, I brought up the connection, but he displayed no interest. Instead he talked about his volunteer work and tossed around household names like confetti. As he spoke, he scanned the room without so much as a sideways word of inquiry…
Contrary to popular belief, you don’t have to make drastic changes in order to notice an improvement in the quality of your life. At the same time, you don’t need to wait a long time in order to see the measurable results that come from taking positive action. All you have to do is take small steps, and take them consistently, for a period of 100 days…
A vicious cycle is leaving nonprofits so hungry for decent infrastructure that they can barely function as organizations—let alone serve their beneficiaries. The cycle starts with funders’ unrealistic expectations about how much running a nonprofit costs, and results in nonprofits’ misrepresenting their costs while skimping on vital systems—acts that feed funders’ skewed beliefs. To break the nonprofit starvation cycle, funders must take the lead.
The good news for gay men? A new analysis of U.K. data shows they are more likely to be supervisors and managers than their straight counterparts.
The bad news? Gay men are far more likely (7.9 percentage points, to be exact) to be stuck in low-level management jobs at the bottom of the organization chart or at smaller, less prestigious organizations — the shift manager at a retail store, for example. They’re significantly less likely (2.2 percentage points) than straight men to be high-level managers — the people who run trading floors and manage entire regions…
You might pity the fundraising bosses at America’s largest nonprofits. Their pay has inched up only about 2.7 percent over the past five years, according to GuideStar data on groups with annual revenue of $50 million or more.
Yet averages can be deceiving. Plenty of top fundraisers are getting big raises. To gauge how many, The Chronicle analyzed the pay of 260 top development officers at nonprofits that raise $35 million or more from private sources; these are individuals for whom at least three years of compensation figures are available from tax filings by their organizations…
After interviewing dozens of candidates over the years, there is one thing that still surprises me. It is the lack of thought put into the questions that candidates ask of interviewers. And those lacking preparation are not just at the entry level. Even executives treat this part of the interview with indifference. It's baffling that a candidate would respond to “what questions do you have for me” with “none” or “why did you join the company” (i.e., an obvious and somewhat pandering question)…
Donors are a big source of the sexual harassment that fundraisers face on the job, according to polling results released today by the Chronicle of Philanthropy and the Association of Fundraising Professionals.
Two-thirds of people who reported sexual harassment on the job blamed donors, while the rest said misconduct came from colleagues, mostly those in senior positions.
New technology brings great promise, and as many problems. Smartphones put access to infinite knowledge in our pockets, but led to the rise of tech addiction. The social media platforms that connected billions of people were turned against democracy.
And so it is with artificial intelligence, which could fundamentally change the world while contributing to greater racial bias and exclusion…
Every day we wake up believing we have the best jobs in the world. Really.
We get to see people at their best, when they are thinking about helping others, solving societal problems, saving and changing lives. We also meet amazing heroes, the people our organizations serve. We are in the philanthropy business and proud to be.
The oil industry holds relatively few surprises for strategists. Things change, of course, sometimes dramatically, but in relatively predictable ways. Planners know, for instance, that global supply will rise and fall as geopolitical forces play out and new resources are discovered and exploited. They know that demand will rise and fall with incomes, GDPs, weather conditions…
The biggest wealth transfer in history is about to happen — and it's now expected to be more than double what many thought it was. It's estimated that 45 million U.S. households will transfer $68 trillion in wealth over the next 25 years, according to Asher Cheses, a research analyst and lead author of a new report from financial services research firm Cerulli Associates…
Sometimes, to become successful, and get closer to the person we can become, we don’t need to add more things, we need to give up on some of them.
There are certain things that are universal, which, if you give up on them, you will be successful, even though each one of us could have a different definition of success…
There's a lot of money about to change hands in the U.S. — $30 trillion to be exact.
Baby boomers are the wealthiest generation in American history — and they're about to pass down those riches over the next few decades. It's the so-called great wealth transfer. But that exchange might not be as large as you had hoped if you don't take the right estate-planning steps…
For many, the end of year tax incentive allows us to embrace our benevolent spirit. In recent years, and as nonprofit government funding continues to decrease, the third sector has looked to this generosity to bridge the growing financial gap.
Today, the recently passed Tax Cuts and Job Act is promising to change the supplemental landscape of individual giving – a shift that could put the entire system of fundraising in jeopardy…
The bad news? Gay men are far more likely (7.9 percentage points, to be exact) to be stuck in low-level management jobs at the bottom of the organization chart or at smaller, less prestigious organizations — the shift manager at a retail store, for example. They’re significantly less likely (2.2 percentage points) than straight men to be high-level managers — the people who run trading floors and manage entire regions.