Today’s younger wealthy generations - those set to inherit nearly $31 trillion in the next ten years - are prioritizing social justice and sustainable impact philanthropy. Altrata’s own D'Arcy Fellona dives into what these changes mean for fundraising in the future in Altrata’s Family Wealth Transfer 2024 report - https://bit.ly/3KEzg4U
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Interesting reading here in Tatler: Socially-responsible investing: Why the super-rich want to use their wealth for good 📖 "The thing about having rather a lot of money is that UHNWs are constantly asked about how exactly they want to spend it - whether that’s from their family office advisers or members of their own families. And right now, there’s never been greater pressure for socially-responsible investing, whether that be through ESG-compliant products or philanthropy." 👉🏼 https://bit.ly/442PNHj #UHNWI #ImpactInvesting #WealthForGood#ESG #Philanthropy
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As the head of an organization benefitting from philanthropy, the emphasis of this year's spring issue of the Stanford Social Innovation Review on trust is both highly relevant and critical. The shift toward #trustbasedphilanthropy shines as a ray of hope for non-profits, championing a vision for an impactful, genuinely equitable, and inclusive philanthropic field. This issue serves as an essential reminder of the foundational role of trust in effective philanthropy. It revolves around confidence in the abilities of on-the-ground partners and equipping them with the necessary resources and autonomy to effect change. This represents the start of a broader evolution towards trust-centered relationships within the philanthropic sector, paving the way for a more just and equitable society.
This year's spring Stanford Social Innovation Review supplement is about trust. More specifically, the role of trust in building the most powerful, impactful, and equitable philanthropic sector and future possible. This series couldn’t come at a better time, especially given recent debates about the meaning and potential of #trustbasedphilanthropy. We are excited to feature the perspectives and stories of experts and visionary leaders who have firsthand experience in implementing this approach. Their reflections range from the role of care and rest in sustaining movements, to the potential of leveraging trust-based philanthropy as a cultural approach to build a truly democratic multiracial future. Deep gratitude to Shaady Salehi and Pia Infante (Trust-Based Philanthropy Project), Nat Willliams and Elizabeth Bonner (Hill-Snowdon), Lorrie Fair Allen, Ashlee George, Charlize Theron (Charlize Theron Africa Outreach Project), Jamie Allison + Jennifer C. H. (Walter & Elise Haas Fund), John B. (T. Rowe Price), Carrie Avery + Stella Chung (Durfee Foundation), Sarah Walczyk (Satterberg Foundation). Many thanks to Stanford Social Innovation Review and Maya Trabin, MA, CPC for your partnership. We hope you’ll read, engage, and share widely! #TheFutureofPhilanthropyIsTrustBased
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🌟 Embracing Change: Empowering Women in Philanthropy 🌟Interesting Read! The landscape of philanthropy is evolving, with demographic shifts and technological advancements reshaping charitable giving as we know it. Did you know that women now control a greater share of global wealth more than ever before? According to recent research, their influence in philanthropy is on the rise, fuelled by the "great wealth transfer" to Millennial and Gen Z successors. Yet, despite this surge in financial power, there's still a significant gap in funding for women-focused initiatives. Here are some key takeaways from A&M Women in Wealth: Inclusion Through Philanthropy by Nneka Orji and The Circle NGO : 🔍 Only 2% of all funding in the U.S. goes to organisations supporting women and girls. 💼 Despite comprising a significant portion of the ultra-high net worth population, women remain underrepresented in decision-making roles within philanthropic organisations. 💡 Wealth managers have a crucial role to play in bridging this gap. By integrating philanthropy into wealth planning discussions, they can better understand clients' aspirations and provide tailored advice on giving options and tax incentives. 📊 Leveraging data and analytics can enhance decision-making processes and ensure resources are allocated effectively. It's clear that there's still work to be done in understanding and addressing the unique needs of women philanthropists. By fostering diversity within the industry and investing in training and networking opportunities, we can create a culture that better serves this important demographic. #philanthropy #empowerment #womeninleadership
Philanthropy has a long history, with people helping their fellow humans throughout different times and cultures. A&M explores the evolution of philanthropy in recent years, focusing on how the wealth management sector is responding or not to its new demands. ➡️ Click here to read more – https://okt.to/nLOESW #Amon #FinancialServices #WomenInWealth
Women In Wealth: Inclusion Through Philanthropy
alvarezandmarsal.com
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So great to see this series on #trustbasedphilanthropy in the Stanford Social Innovation Review. In a piece on the Walter & Elise Haas Fund, Jamie Allison reflects on how to operationalize trust. Some ideas I love: 1) identify areas where you're operating from a place of habit instead of intentionality, 2) take an integrated approach to programs that acknowledges the interconnected nature of structures, policies, and practices, and 3) reorient program work with a focus on listening to community and viewing nonprofit leaders as experts.
This year's spring Stanford Social Innovation Review supplement is about trust. More specifically, the role of trust in building the most powerful, impactful, and equitable philanthropic sector and future possible. This series couldn’t come at a better time, especially given recent debates about the meaning and potential of #trustbasedphilanthropy. We are excited to feature the perspectives and stories of experts and visionary leaders who have firsthand experience in implementing this approach. Their reflections range from the role of care and rest in sustaining movements, to the potential of leveraging trust-based philanthropy as a cultural approach to build a truly democratic multiracial future. Deep gratitude to Shaady Salehi and Pia Infante (Trust-Based Philanthropy Project), Nat Willliams and Elizabeth Bonner (Hill-Snowdon), Lorrie Fair Allen, Ashlee George, Charlize Theron (Charlize Theron Africa Outreach Project), Jamie Allison + Jennifer C. H. (Walter & Elise Haas Fund), John B. (T. Rowe Price), Carrie Avery + Stella Chung (Durfee Foundation), Sarah Walczyk (Satterberg Foundation). Many thanks to Stanford Social Innovation Review and Maya Trabin, MA, CPC for your partnership. We hope you’ll read, engage, and share widely! #TheFutureofPhilanthropyIsTrustBased
The Future of Philanthropy Is Trust-Based (SSIR)
ssir.org
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Adding this to my reading list
What We're Reading: The Trust-Based Philanthropy Project developed a 16-page supplement for the Stanford Social Innovation Review’s Spring Issue that dives into the opportunities of Trust-Based Philanthropy, providing insight into Woods Fund Chicago’s commitment to the approach and its ability to strengthen movements. #WhatWereReading #TrustBasedPhilanthropy Read more: https://lnkd.in/g25PNuup
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Solutions to our country's most pressing challenges do exist. But even the most promising strategies can't reach far enough, fast enough without significant resources. At Blue Meridian, we seek to transform the philanthropic marketplace, maximizing the impact of collaborative investing to improve the life trajectories of millions of young people and families across America. By pooling resources from multiple philanthropists, we unlock significant capital—enabling us to make large, multi-year investments in strategies that increase economic and social mobility in the US. Beyond the dollars, we provide our investees with strategic advice and capacity-building support, from collaborating on their growth plans to advising on building their evidence base and identifying measures of impact. Learn more: https://lnkd.in/gW4dpABC #MeetingScaleWithScale #Philanthropy
Meeting Scale with Scale - Blue Meridian Partners
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I am a bridge builder connecting capital to communities that need it most | TED Speaker • 2024 WEF Young Global Leader • Philanthropic Advisor ✨
Whilst we navigate the complexities of today's social impact landscape, it's clear that initiatives like social finance, impact investing, and community finance are crucial components. These avenues offer innovative solutions to address pressing social and environmental challenges. As philanthropic advisors, we are acutely aware of the critical role that such initiatives play in driving meaningful change. Our expertise lies in guiding philanthropists and organizations to strategically allocate their resources for maximum impact. By leveraging insights and experience, we assist in identifying opportunities within the social impact ecosystem, navigating complexities, and aligning philanthropic goals with impactful initiatives like place-based community finance in Canada. By embracing collaborative efforts and sharing expertise, we can amplify the impact of community finance initiatives, driving positive change in our communities. #innovation #philanthropy #impact
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At Impact Charitable, we firmly believe in the power of collective action and the potential it holds to drive lasting change. Through our dedication to empowering communities and fostering economic justice, we are shaping a future where everyone has equal opportunities to thrive. Through our new partnership with Mission Driven Finance, we are taking integrated capital to new heights, leveraging diverse funding sources to address critical focus areas and impact themes. By embracing social capital and empowering local communities, we are redefining the traditional approach to philanthropy and investment. Visit our website to learn more about Integrated Capital: https://lnkd.in/gbm8Nk4s Your voice matters, and we want to hear your thoughts. Share your experiences, insights, and ideas in the comments below, and let's continue shaping the world of impact investing, together. #ImpactInvesting #NonprofitPartner #NonprofitCollaboration #SustainableInvesting
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The Philanthropy Transformation Initiative report outlines 10 key principles to guide philanthropy’s transformation. The principles reflect ideas, best practices, and recommendations from the philanthropy sector. https://lnkd.in/exWyAzdb
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This month I joined a a discussion on next generation’s philanthropy. It is widely acknowledged that we’re and will continue witnessing the largest transfer of wealth in history over the next few decades with millennials and generation Z starting to inherit their families’ wealth. Here are my few take aways and how this could influence philanthropy sector: ➡️ Championing holistic approach to addressing the societal, economic, environmental issues, including impact investing, social enterprise and philanthtropy. ➡️ Embracing the power of digital narratives. ➡️ Greater diversity of partners: philanthropists and beneficiaries. I am positive and excited to see how philanthropy is being shaped and reshaped. Are you? Clearly, those of us in the sector ( charitable, advisory, financial etc) have a role to play enabling this drive for better, just and more sustainable future.
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