Crowdfunding Fuels Philanthropy

Crowdfunding is a rapidly expanding Internet tool designed to allow large numbers of people to invest or contribute money in support of new businesses, people in need, interesting ideas or important causes. Its recent growth is impressive. In 2012, crowdfunding supported more than 1 million global campaigns. The amount raised was $2.7 billion, an increase…

Donor Advised Fund or Private Foundation – How do they Compare?

The philanthropic community continues to debate whether donor-advised funds or private foundations are better giving vehicles for major donors. After all, more than 175,000 DAFs hold more than $40 billion, and more than 80,000 private foundations hold more than $500 billion. There is no simple answer. Each tool offers its own advantages and disadvantages. The…

Philanthropy benefits the giver, too, with “helper’s high” and “giver’s glow”

Any discussion of philanthropy usually focuses on how a giver can help others — other people, other organizations or entities, or even the world. But a growing body of scientific evidence demonstrates that acts of philanthropy strongly benefit the giver as well. Researchers call these benefits the “helper’s high” and “giver’s glow.” “Every great moral…

Startups are including philanthropy in their DNA

Many entrepreneurs think of philanthropy as something to consider way off in the future when their businesses are mature and profitable. There is a better approach. Philanthropy works best when it is included in a company’s business plan from the very start — when it is part of a company’s actual DNA, growing and prospering…

Should Foundations be “All-In” on their Charitable Missions?

What would our world be like if charitable law required foundations to invest all of their assets in ways consistent with their charitable missions? This important question was recently posed by Mark Finser, chairman of RSF Social Finance. Most likely, our world would be a much better place. Charitable foundations exist for one overarching purpose:…

Five Questions Every Nonprofit Donor Should Ask

Donors wishing to contribute their time and treasure to nonprofits face a vast array of choices. After all, there are more than 1.6 million nonprofit organizations in the United States that would be delighted to accept their resources. The challenge for donors becomes how to make the right match. In order to make the best…

Strategic co-funding expands the impact of giving

Philanthropists from families, foundations and businesses are asking, “Can’t we accomplish more by working collectively instead of in silos?” In “Strategic Co-Funding: An Approach for Expanded Impact,” a new report published by Grantmakers for Effective Organizations and REDF, the authors assert, “Strategic co-funding is a key way grantmakers of all types and sizes can expand…

Next generation of donors committed to philanthropy

With $41 trillion expected to pass by inheritance to NextGen heirs in the coming decades, people are asking, “What’s going to happen to that wealth?” and “Will young people be as philanthropic as their elders?” The answer appears to be that young people are committed to philanthropy and will indeed quickly carry the torch and…

Corporate citizenship efforts pay off for U.S. businesses

When asked “Does business act responsibly?” 70 percent of Americans answered “yes” in 1968. By 2011, the percentage had dropped to 10 percent, according to a Yankelovich and CNN/USA Today Gallup Poll. Given recent revelations about outsourced fire-hazard sweatshops and megabank billion-dollar fraud settlements, it is doubtful that percentage has risen since then. In light…