Corporate giving hits $17.8B in the U.S.

When it comes to corporate giving, the news is encouraging. More U.S. companies are engaging in smart and strategic community investment initiatives — and seeing positive results from their efforts. The 2015 Community Involvement Study conducted by Boston College’s Center for Corporate Citizenship found that: Corporate community involvement contributes to key business goals — including…

Finally busting the charity overhead myth

Over the past few years, philanthropic leaders have begun to successfully challenge the “overhead myth” — the belief that high administrative costs reflect a charitable organization that is poorly run and not worthy of support. The well-intentioned and generous family, corporate and foundation donors we regularly work with often recite versions of the overhead myth. They tell us,…

Five lessons in five years

Over the past five years, I have written 60 monthly “On Philanthropy” columns for Sunday’s Denver Post. These columns covered a broad range of topics related to individuals, families, businesses and foundations — and how they can approach their philanthropic initiatives with strategy, thoughtfulness and effectiveness. In my role as a philanthropic strategist, I’ve gained…

Talking with philanthropist Bill Clinton about the power of giving

Last week, the Clinton Foundation held its second CGI America conference in Denver. Led by former President Bill Clinton, the foundation is one of the most prominent in the world — and among the most controversial. In a wide array of direct initiatives, the Clinton Foundation brings together businesses, governments, nongovernmental organizations, or NGOs, and…

Breaking up is hard to do; When grants come to an end

Some personal relationships last a lifetime. Many of them end, however, and people move on. The same is true in funding relationships. Donors and nonprofits must anticipate and prepare for the eventual end of most grants. Major gifts are the lifeblood of nonprofits — enabling them to pay overhead, hire workers and implement the programs…

Program–Related Investments a key tool for impact investors

Increasingly, charitable donors are interested in “impact investing” with their philanthropically committed capital. They seek more creative ways to align their investments with their missions. Earlier this year, in “All investing is impact investing,” I discussed the growing recognition that grants and investments can generate both financial returns and social impact. In this column, I…

All investing is impact investing

In the United States, nearly $1 trillion is committed to philanthropy — sitting in foundations, donor-advised funds and elsewhere. Donors have transferred ownership of these funds to separate entities and received their tax deductions. Yet only a small percentage of those funds is expended on charitable donations for the public good. The great majority of…

Strategic giving: 5 steps to get the most bang from your philanthropic buck

During the holiday season, our mailboxes are overflowing with catalogs, holiday cards — and requests for donations. Our voice message boxes are not much farther behind. At this time of year, when people are feeling particularly generous, nonprofits work hard to raise needed funds for the upcoming year. Although critically important to nonprofit budgets, most…

100 years of community foundations: Accomplishments and challenges

The first community foundation was created 100 years ago in Cleveland. Within five years, additional community foundations sprung up in Boston, Chicago, Buffalo, Milwaukee and Minneapolis. Today, there are more than 700 community foundations in urban and rural communities across the United States. With more than $50 billion in combined assets, they distribute an estimated…