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…
Exceptional Wealth: Clear Strategies to Protect and Grow Your Net Worth by Mark Tepper
Are you a high net worth individual? Then the wealth management rules are different for you.
Mark Tepper rightly assures us that we should all consider ourselves wealthy if we have the resources to live the lives we want to live without compromise. However, if you fall into one of his higher-net-worth categories, you will find that Exceptional Wealth is speaking directly to you.
Tepper, author of the acclaimed Walk Away Wealthy, stresses that if you are someone…
Sexual Harassment Is Widespread Problem for Fundraisers, Survey Shows By Timothy Sandoval
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.
Donor-Centered Leadership - What it takes to build a high performance fundraising team By Penelope Burk
In Donor-Centered Leadership Penelope Burk tackles one of our most frustrating and costly problems - the high turnover rate of staff and the financial toll it takes on not-for-profits. In plain language, backed by compelling research with over 6,000 fundraisers, Board members, CEOs, and donors, Penelope reveals how not-for-profits can raise much more money by bringing staff attrition under control…
Copy of A National Imperative: Joining Forces to Strengthen Human Services in America By George Morris and Dylan Roberts of Oliver Wyman
The Givers: Wealth, Power, and Philanthropy in a New Gilded Age Hardcover By David Callahan
Favorite Book Club of the Year (so far)
While media attention focuses on famous philanthropists such as Bill Gates and Charles Koch, thousands of donors are at work below the radar promoting a wide range of causes. David Callahan charts the rise of these new power players and the ways they are converting the fortunes of a second Gilded Age into influence. He shows how this elite works behind the scenes on education, the environment, science, LGBT rights, and many other issues…
$30 trillion is about to change hands in the US By MacKenzie Sigalos
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…
Makers and Takers: The Rise of Finance and the Fall of American Business Hardcover By Rana Foroohar
In looking at the forces that brought our current administration to power one thing is clear: much of the population believes that our economic system is rigged to enrich the privileged elites at the expense of hard-working Americans. This is a belief held equally on both sides of political spectrum, and it seems only to be gaining momentum.
Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else by Chrystia Freeland
There has always been some gap between rich and poor in this country, but in the last few decades what it means to be rich has changed dramatically. Alarmingly, the greatest income gap is not between the 1 percent and the 99 percent, but within the wealthiest 1 percent of our nation--as the merely wealthy are left behind by the rapidly expanding fortunes of the new global super-rich. Forget the 1 percent; Plutocrats proves that it is the wealthiest 0.1 percent who are outpacing the rest of us at break-neck speed...
5 Ways Fundraisers Can Start Thinking Like Donors By Rachel Muir
The Evolution of Philanthropy & the Fall of the Fundraising Pyramid By McCabe Callahan
For a long time, philanthropy has been defined as “the giving of money to nonprofit organizations.” However, this definition is quickly becoming obsolete.
It’s evolving towards a meaning that is more appropriate to today’s giving paradigm and less industry-driven: that philanthropy is “the action of transforming the social wellbeing of others through generosity.”…
The wealthiest people in America live in these states By: Megan Willett
In a new report on wealth in America, wealth intelligence firm Wealth-X revealed that California has more super-wealthy residents than New York.
California now has 13,445 people who are worth more than $30 million, while New York has only 9,530. Texas (6,475) and Florida (4,650) followed in third and fourth place…
Good to Great and the Social Sectors: Why Business Thinking is Not the Answer By Jim Collins
Jim Collins Answers the Social Sector with a Monograph to Accompany Good to Great. 30-50% of those who bought Good to Great work in the Social Sector.
This monograph is a response to questions raised by readers in the social sector. It is not a new book.
Jim Collins wants to avoid any confusion about the monograph being a book by limiting its distribution to online retailers…
Rich families are paying up to a year's tuition at a time to do college tours by private jet By Hillary Hoffower
College tours have reached a new level — literally and figuratively.
Luxury jet services are flying wealthy high school students and their families around the US on college tours, complete with a college admissions counselor on board, according to The New York Times.
The services cost as much as $60,000, reports The Times — that's nearly three times the price of in-state public college tuition for a year, and not much more than the $46,950 average annual sticker price for private colleges in the US…
Rich millennials with more money than they need or want have found a new way to spend their cash By Hillary Hoffower
Iimay Ho, 32, is from an upper class family. Her mother accumulated wealth by building an insurance company, and Ho stands to inherit $1 million.
But she doesn't want to use the money for vacations or luxury items, she told Business Insider. As the executive director of Resource Generation, she's more focused on dedicating her money, and her time, to social change — and she's not alone.
More than 600 wealthy millennials belong to Resource Generation's 16 chapters across the US, working to redistribute some of…
From Donor to Philanthropist By Michele Minter
Nonprofit organizations are expert at making the case for their fundraising priorities. They often fail to recognize, however, that the barrier to giving may be donor confidence rather than donor interest. This new book explores how donor education can turn donors into philanthropists by building their confidence and self-awareness, challenging the barriers that keep them from making gifts with lasting impact and binding them to one another and to your institution in new ways. Chapters by experts in the field cover topics that include working with philanthropic advisers, family philanthropy, donor education in the development…
Why Philanthropy Matters: How the Wealthy Give, and What It Means for Our Economic Well-Being By Zoltan J. Acs
Philanthropy has long been a distinctive feature of American culture, but its crucial role in the economic well-being of the nation--and the world--has remained largely unexplored. Why Philanthropy Matters takes an in-depth look at philanthropy as an underappreciated force in capitalism, measures its critical influence on the free-market system, and demonstrates how American philanthropy could serve as a model for the productive reinvestment of wealth in other countries. Factoring in philanthropic cycles that help balance the economy, Zoltan Acs…
Winners Take All: The Elite Charade of Changing the World By Anand Giridharadas
An insider's groundbreaking investigation of how the global elite's efforts to "change the world" preserve the status quo and obscure their role in causing the problems they later seek to solve.
Former New York Times columnist Anand Giridharadas takes us into the inner sanctums of a new gilded age, where the rich and powerful fight for equality and justice any way they can--except ways that threaten the social order and their position atop it. We see how they rebrand themselves as saviors of the poor; how they lavishly reward "thought leaders" who redefine "change" in winner-friendly ways; and how they…
Are brands hijacking social justice causes for profit? TRT-World-Roundtable
Advertising agencies are tapping into social justice campaigns to connect with consumers – but is it wrong to make money from movements? Are brands giving causes a needed global platform – or trivializing them for profit? Joining us at the Roundtable is Alex Holder, a writer, and former advertising executive; Wendy Hein, who researches and teaches marketing at Birkbeck, University of London; Otegha Uwagba, writer and brand consultant; and Paul Mead - founder and chairman of VCCP Media. Roundtable is a discussion programme with an edge. Broadcast out of London and presented by David Foster, it's about bringing people to the table, listening to every opinion, and analyzing every...
The Charity Beauty Premium: Satisfying Donors' Want versus Should Desires By Cynthia Cryder, Simona Botti, and Yvetta Simonyan
Despite widespread conviction that neediness should be a top priority for charitable giving, this research documents a "charity beauty premium" in which donors often choose beautiful, but less needy, charity recipients instead. The authors propose that donors hold simultaneous yet in-congruent preferences of wanting to support beautiful recipients (who tend to be judged as less needy), but believing they should support needy recipients. The authors also posit that preferences for beautiful recipients are most likely to emerge when decisions are intuitive, whereas…