Generosity and innovation are fueling exponential progress in addressing the most complex and intractable problems we face today. Growing at a commensurate pace is the drive to increase the efficiency and effectiveness of donors, the advisors who support them and nonprofits in creating the impact they envision. Giving with Impact is a podcast created by Schwab Charitable and Stanford Social Innovation Review to engage the philanthropic sector in an ongoing discussion around maximizing charitable impact. The series creates a collaborative space for leading voices from across the philanthropic ecosystem to engage in both aspirational and practical conversations around relevant topics at the heart of achieving more effective philanthropy.
Giving with Purpose: Determining the Right Gift for Both Donor and Nonprofit
So, you’re a thoughtful, impact-focused donor, and you’ve done your homework and identified some nonprofits that you’d like to support. But deciding what type of gift to make can sometimes be as challenging as knowing what cause to fund in the first place. Restricted gifts, unrestricted gifts, endowments – what are the differences, and what are the benefits of each type of gift? How can you ensure that your giving is helping to accomplish your overall philanthropic goals – your purpose for philanthropy, as it were.
Increasing efficiency and effectiveness: How nonprofits are leveraging donor-advised funds
Over the past decade, the popularity and use of donor-advised funds, or DAFs as they are commonly known, have grown dramatically. According to the National Philanthropic Trust’s 2019 Annual Donor Advised Fund Report, “grantmaking from donor-advised funds to qualified charities has nearly doubled in the past five years,” with philanthropists recommending over $23 billion in grants to charities from their DAFs in 2018. How can nonprofits leverage donor-advised funds to support their operation and maximize their fund-raising results?
Giving across generations: maximizing impact through family philanthropy
A 2014 report by the Center on Wealth and Philanthropy at Boston College estimated that $59 trillion will be transferred to the next generation from 2007 to 2061, the largest wealth transfer in US history. Lifetime giving to charity in that same period is estimated to be $20.6 trillion. At the same time, there is an increasing desire among families to work together to use their resources to solve social challenges, with longer life spans and greater understanding of the benefits of multigenerational philanthropy having encouraged more multigenerational collaboration. And while a variety of challenges can compromise the work, successful intergenerational giving strategies can foster an ongoing tradition of giving, make an impact on issues the family cares about, and deepen family relationships. What contributes to these successful strategies?
African American Philanthropy: A Culture of Generosity
African Americans have participated in charitable giving in this country for hundreds of years, and over the past decade, African American families have—more than any other racial group—contributed the largest proportion of their wealth to charity. If nonprofits are serious about cultivating diverse communities, they must commit across their organizations to diversity and inclusion as well as dedicate time, resources, and attention to identify, solicit, and steward Black donors on their own terms.
C-19: What's Next - The Lifecycle of a Pandemic
Not only will C-19 continue to roil our lives and our society, but we also have to think realistically, and accept the likelihood that other disasters may arise while we still attempt to deal with the one at hand. What can the philanthropic sector’s response to past disasters teach us about our current crisis, and what can we do to prepare for the inevitable fact of other crises that may emerge?
C-19: What Nonprofits are Facing Now and How Donors Can Help
During this period of extreme financial pressures brought about as a result of the COVID-19 pandemic, many organizations in the nonprofit sector are feeling particularly squeezed, as they work to continue to provide support and services to what is already an expanding client population. At the same time revenues from services have dried up and donations from their traditional fundraising activities have declined. In this environment, what can individual donors do to maximize their philanthropic impact to help both nonprofits on the front lines of the battle against C-19 and those tangentially affected?