Women Changing the Face of Philanthropy

Women have changed the face of philanthropy. With more money and increased control and influence over how it is spent, more women than ever are making philanthropic investments to help address and solve the problems of our time. Consider these facts: Women represent 51 percent of the nation’s Ph.Ds, 67 percent of college graduates and…

10 Steps to Becoming a More Effective Philanthropist

Many donors look at their charitable efforts and wonder: Does the nonprofit I’m supporting really have an impact? What can I do to make my philanthropy more effective? Being an effective philanthropist doesn’t depend on the amount of time or money you give but rather upon how you approach your giving. Here are 10 steps…

Corporate Philanthropy Helps Turn Companies Into Good Citizens

The business case supporting corporate philanthropy is well documented. Enhanced employee recruitment, lower turnover, higher job satisfaction, customer preference and loyalty for companies that invest in communities, and higher profits have been demonstrated by studies. Although these might be interesting and important points that enhance stakeholders’ comfort with an expanded view of corporate citizenship, for…

Venture Philanthropy – Risky But Rewarding

Venture capital takes financial capital and expertise and provides them to high-potential, high-risk, startup businesses. Venture philanthropy uses the same approach and applies it to philanthropic donations in the nonprofit or social enterprise sector. Both VC and VP involve a commitment of time and resources, carry a high degree of risk and can produce outsized…

Market-based Solutions Flex Business Muscle

Historically, businesses have donated billions of dollars to nonprofits to help address social problems by approaching the social contract of “giving back” to society in two primary ways. First, with traditional corporate philanthropy, businesses have benefited customers, employees and communities by making donations to, and volunteering for, worthy causes. Second, “corporate social responsibility” emerged to…

How to be a Strategic Philanthropist

This is the season when many people make charitable donations. This generosity is acutely needed and greatly appreciated. Next year, however, consider approaching your charitable giving as a strategic philanthropist, rather than as a donor. The difference between a donor and a philanthropist does not depend on how much time or money one gives to…

Ancient Ladder of Giving Can Guide Modern Philanthropy

More than 800 years ago, Moses Maimonides, known by many as Rambam, a rabbi, physician and philosopher, described eight rungs on the ladder of charitable giving. Remarkably, his approach is still pertinent to contemporary thinking about philanthropy. The first rung, at the bottom of the ladder, is reserved for donors who donate grudgingly — giving…

How to Profit From Doing Good

Businesses remain under pressure from employees, shareholders and customers to demonstrate corporate social responsibility and accountability to the communities in which they operate. Traditionally, business enterprises have had several options from which to choose to organize their corporate structure under state law. The purpose of each corporate form is to maximize profits for shareholders. Now,…

Innovation Can Help Defeat Poverty

More than 1 billion people on Earth earn less than $1 a day. Two billion earn less than $2, and 5 billion earn less than $10 per day. Roughly 1.6 billion people have no access to electricity. Some 1.2 billion lack clean water. And 22,000 children die from preventable causes each day. Of the world’s…