Passing the buck

Passing the buck

• 1.
  Passing the Buck:The Social Capital Legacy Conversation Philanthropy and the Next Generation
• 2.
  How much??? Leave enough for your children that they will do something, but not so much that they won’t do anything. - Warren Buffet “It’s not your pearls, it’s your pearls of wisdom.” - Karen Roth Warren Buffett, Melinda & Bill Gates
• 4.
  Discussion • What isphilanthropy? – Allocating your Social Capital • What is social change? • Measuring social change • Making it real – Creating a charitable giving plan – Handouts
• 5.
  My Wisdom Story
• 6.
  Definitions Social Investing Shared Value Social Return on Collective Impact Investing Social Innovation Social Entrepreneurship Social Good Social Finance /Social Capital
• 7.
  Definitions Social Good: Agood or service that benefits the largest number of people in the largest possible way. Source: www.globaltrends.com Social Innovation: A novel solution to a social problem that is more effective, efficient, sustainable, or just than current existing solutions, and for which the value created accrues primarily to society as a whole rather than private individuals. Source: www.ssireview.org
• 8.
  Definitions Social Return onInvestment (SROI): A framework for measuring and accounting for the social, economic and environmental value that results from our activities, using monetary values to represent them. Source: www.thesroinetwork.org Social Investment: The term ‘social investment’ is often used to describe an investment in social or environmental outcomes combined with financial returns for the investor.
• 9.
  Strategic Philanthropy isabout aligning your social vision with effective social partners
• 10.
  What most needsdoing… How do I know?
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  Social Capital: Resourcing Social Change Why we do... How we do it... • Front-line Charity • Personal/Family Social • Annual Giving Vision • Special Events • Private Foundation What we do... • Public Foundation • Volunteering Time • Charitable Trust • Donating In-Kind • Donor Advised Fund • Chequebook Charity • Giving Circle • Engaged Philanthropy • Crowdfunding • Micro-Loans • Strategic Philanthropy • “Groans” • Leaving a Legacy • Social Impact Investing
• 12.
  Hierarchy of Values The stronger the causal alignment  the larger your investment of time, intellectual capital and financial support
• 13.
  Self-Reflection Questions • Household • Community • Global • Setting priorities
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  Optimist Pessimist Ambivalent Irrelevant
• 16.
  “Heading for a Revolution...” Industrial Revolution Information Revolution • Improved productivity  • Improved productivity  Assembly Line Social networks to • Technology  Steam leverage operational power, shipping systems objectives (crowd- • Raw materials  sourcing) Resource extraction • Technology  Internet • Infrastructure  • Raw materials  Ideas Government Policies • Infrastructure  Government Policies, co- work space, social networks
• 17.
  Managing Expectations
• 18.
  Creating a Giving Plan 1. Identify areas of giving are most important 2. Audit past giving 3. Create a portfolio of responsible, well managed charities that will deliver impact 4. Establish a disbursement program that balances your donor interests (i.e. tax benefit) with charity need and timeline 5. Ongoing communication with organization  Accountability
• 19.
  What to lookfor? • Leadership – Qualifications – History & Connectedness – Board engagement • Corporate Structure – Strategic v. Operational Board – Policies to protect donors and clients – D&O Insurance • Program Implementation - Success rates – Capacity to report on long term effectiveness – What is success? • Financial Management- Solution to Social Problem – Fundraising – Overhead  Operational Effectiveness • Competitive Analysis
• 20.
  Questions to Ask BEFORE Donating 1. How long has the organization been in operations? a. How long has the Executive Director been in the role? b. Are the client testimonials/partner reports to share? c. Is there a “road map” for the organization – business plan for delivering on its mandate? 2. Board Governance a. Same people on the board, or is there a mechanism for succession planning and new idea generation? b. Is the board a strategic board or an operational board?
• 21.
  Questions to Ask BEFORE Donating 3. What are the donation management terms? Are they part of the board monitoring activities? a. How will your donation be managed and stewarded? Who will be your “contact”? 4. What is the operating budget? What is the program delivery budget? 5. Has the organization adopted the code of Ethical Fundraising and the Donor Bill of Rights?
• 23.
  Contact Info &Team • Gena Rotstein – Chief Conversationalist, Philanthropic Advisor • Margo Purcell – Inter-Generational Conversationalist • Karine Aviv – Charity Sector Market Analyst • Adam Aptowitzer, LLB – Charity Lawyer www.dexterityconsulting.ca [email protected] www.place2give.com @DexterityCon or @Place2Give 403-860-7572