In The News …

Welcome to Wednesday! Some mid-week news is coming your way … And rumor has it that snow may be coming our way tomorrow. What do you think? WAMU gave it a 30% chance about an hour ago.

Opinion: Here’s some philanthropy advice for Mark Zuckerberg — GoodWorks did a series of posts back in September regarding the media buzz around Facebook founder and CEO’s $100 million donation to the Newark schools. Now that Zuckerberg had signed the Giving Pledge, the buzz has returned. Yet I quite like this piece from the Mercury News by Phil Buchanan (President of the Center for Effective Philanthropy) and Stephen Heintz (President of the Rockefeller Brothers Fund), offering advice both to the 26-year-old Zuckerberg and the entire new generation of philanthropists — in particular, reminding them that the country does not simply need philanthropy, but effective philanthropy. Do check it out!

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Around the World

Good morning, Greater Washington! I hope that you all enjoyed the rainy-yet-somewhat-warm weekend in DC — and I thought that I’d start the week with a more global news item.

For an interesting evaluation of our charitable habits compared to those of other large countries around the globe, check out this article from today’s Wall Street Journal. How much does the US give away and, moreover, what prompts our citizens to give in the amount or precise manner that they do?

The urge to do good through philanthropy varies across the globe. Differing cultures breed differing motivations and some countries appear vastly more generous than others.

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Quote for the Day

In the day-to-day, I often find myself making (or attempting to make) this very point. So it certainly helps to have some solid facts and numbers to back it up! Below is a great excerpt from Sean Stannard-Stockton’s recent column for the Chronicle of Philanthropy. You can read the article in full over at the Tactical Philanthropy blog:

While the role of business in promoting social change is now attracting the spotlight, it is equally important that our society recognize the financial value created by nonprofits.

The nonprofit world collectively generates $1.9-trillion in revenue each year, which means that nonprofit organizations represent roughly 13 percent of the United States economy.

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Near and Far

“What’s driving the global boom in philanthropy?”

“I don’t know if it’s right to say there’s a global boom in philanthropy. We work with dozens of partners who’ve been doing phenomenal work for decades. But I do think that in all walks of life (not just philanthropy), people are more aware of what’s going on in the world around them. There seems to be a boom in how much people are paying attention to global issues, largely because the Internet makes it so much easier to connect with people and information from around the world.

[…] “Once you’re talking to people in Kibera, Kenya or Sao Paulo, Brazil, your natural desire to work together kicks in. When I was growing up in Dallas, Texas, people put a lot of energy into making our community better. It’s just that now, people’s sense of community is much, much larger.”

At the end of October, PhilanTopic posted a list of questions directed at Melinda French Gates — who in fact answered several of her favorites on the Gates Foundation blog just last week.

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Keep It Small?

Look, I’m nervous about this column, because I don’t want to discourage giving. But donations could accomplish far more if people thought through their philanthropy, did more research, and made fewer, bigger contributions instead of many small ones that are expensive to handle.

On this Monday, I am actually opening with someone else’s conclusion. Nicholas D. Kristof published this Opinion piece in the New York Times on Saturday — and I was ready and willing to argue with him based on the two sentences: “This holiday season, Americans will dig into their pockets for good causes. But these gifts will sometimes benefit charlatans or extremists, or simply be wasted.” First, why would you ever discourage generosity, particularly in these economic times? Second, even if blanket discouragement was not your goal, why generalize?

However, I did read on to the above-quoted conclusion — and I ultimately appreciate the sharp language at the beginning of his article. In fact, it forces the reader to do exactly what the donor should do: look deep, read carefully, and be sure that you know what you are seeing. Throughout the piece, Kristof highlights (or more accurately, calls out) several non-profit organizations that prey upon the propensity of religious donors to give liberally to organizations that they assume share their values. In truth, several well-known charities with seemingly-strong religious ties are careless with their money or reckless in their dealings — or both. Continue reading

Put Me In, Coach! (Again)

A few weeks back, I wrote a post on this NY Times interview with the global head of philanthropic services at JP Morgan Private Bank. Lisa Philp acts as a “philanthropy coach” primarily to wealthy individuals and family foundations, who all are looking “to achieve as much as possible through wise giving.”

At the time, I focused on the language with which Philp describes her work, which drew heavily upon both the sports and finance worlds. I really didn’t think much about the backgrounds and details of her client list — both because she did not name names and because, in this context, the interests and subsequent investments seemed more interesting than the clients themselves.

But what about when the client is more “interesting” (or attention-getting) than the cause? Continue reading

The Price is Right?

Good morning, Greater Washington. I hope that you had a good-and-haunted weekend. Over on the Hill, we had a sane rally not too far away and an insane number of trick-or-treaters at our door. We went through 8 bags of candy in about 2-3 hours.

Our excessive candy purchases, which came with a Halloween discount from the 14th Street SE Safeway, led me to think a bit about pricing. This evening, I came across this article from the Chronicle of Philanthropy, which opens with a thorny question: “When non-profit groups set prices for their services, they are often encouraged to follow models set by businesses. But is this the best approach for all?”

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In The News … (More!)

Good morning, folks! A few more intriguing items caught me eye today, so I thought that we’d double up on the news digest this week. On a related note, I spent yesterday evening at the Atlas Performing Arts Center (a Catalogue non-profit!) on H Street NE for presumptive mayor-elect Vince Gray’s Ward 6 town hall meeting. Do let us know if you were there and have any post-town hall thoughts; I was in the over-flow room with the video feed, so I would certainly be interested in tales from the main room! Speaking of which:

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Put Me In, Coach!

“Our work is very individualized for each client, but many people want to be more strategic, more proactive. We serve as a sounding board, as well as provide information … The coaching role comes into play more when someone wants to go down a distinctive path, developing a strategy with measurable impact.”

Lisa Philp, JP Morgan Private Bank

Sound like solid and standard advice from a wealth manager? Turns out, Philp is not talking about buying stocks or investing in a start-up. She is talking about philanthropy.

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Companies for Causes

A few times, yesterday included, I touched on the application (or imposition?) of for-profit business models on non-profit organizations. Should non-profits take the lead from more traditional businesses or are the two models incompatible? In the future, I would like to delve further into this question. But for now, I’d like to raise a more specific one: can and do these two entities meet and talk about one another? In other words, do non-profits have a forum to discuss corporate partnerships and do corporations have one to discuss community outreach?

Enter Companies for Causes, whose aim is just that: bringing together medium-sized local businesses to brainstorm and launch philanthropic endeavours as well as entrepreneurial ones. Essentially, this effort will provide the network and resources for companies to expand their reach (and deepen their impact) in the Greater Washington community. Their first symposium is coming up next Wednesday, October 27. You can see the agenda here, sign up for more info, and check out these interviews:

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