Mission Statement To support the sustainable efforts of - - PowerPoint PPT Presentation

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Mission Statement To support the sustainable efforts of - - PowerPoint PPT Presentation

Feb 15, 2024 356 likes •774 views

Is Your Familys Philanthropy Prepared for the Future? July 26, 2017 Mission Statement To support the sustainable efforts of international development organizations in eliminating all types of poverty by fostering community development,

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Is Your Family’s Philanthropy Prepared for the Future?

July 26, 2017

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Mission Statement

To support the sustainable efforts of international development

  • rganizations in eliminating all

types of poverty by fostering community development, particularly at grassroots level.

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The West Foundation Overview

  • 59 year-old family foundation
  • Small staff with family board (several

remote board members)

  • Funding Pillars
  • Education (Girls &Women)
  • Livelihoods Development
  • Grassroots Healthcare
  • Environmental Management
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  • I. Trends
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  • 1. Fragmentation: Community

Generational mobility Income, asset, race gaps Political polarization Opting out Suspicion of endowed wealth

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  • 1. Fragmentation: Trust

Informed Americans who don’t trust nonprofits to “do what is right”

1/3

General public less trusting Getting worse

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2. Volunteerism & Engagement

More flexible, short- term, task-based work Personal fulfillment & skill-building over

  • bligation

Choice, customization

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2. Volunteerism & Engagement

“Encore Stage” and “Half- Time” careers and mentoring Founders staying at the table, actively shaping legacy

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2. Volunteerism & Engagement

Online, collaborative Quicker access to leadership Self-driven, easily disengaged and detached

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NCFP: Next Gen Challenges

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NCFP: Options Offered to Next Gen

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  • 3. Definition of Philanthropy

Voluntary action for the public good

Robert Payton

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  • 3. Definition of Philanthropy

Social economy = all the ways we use private resources to create public benefits

  • r public good

Lucy Bernholz

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Philanthropic Action Invest

Impact investing Community investment Crowdfunding Impact investing & shareholder activism Venture funds, B-Corps Some microfinance Peer lending platforms

Buy

Tuition & healthcare Products & tickets Nonprofit social enterprises Crowdfunding Cause marketing Responsible purchasing Sustainable supply chains Farm and artist CSAs Fair trade purchases Sharing economy

Give

501(c)(3) Charities Foundations and DAFs 501(c)(4)s, other nonprofits Gov’t agencies Crowdfunding Crowdsourcing & co- production, co-working Remittances Candidates & bundlers Crowdfunding, prizes, grassroots $

Nonprofits Businesses Individuals Recipient of Action

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Summary

Trend…

How we perceive trust, togetherness, community

Impacts Your Family’s…

Spiritual and social capital How we work, volunteer, and engage together How we give, buy, and invest Human and intellectual capital Financial capital

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  • II. Building Resilience
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Goal: Resilience & Adaptability

“The capacity to adapt, improvise, and shape change” “The act of mindful, strategic anticipation” “The ability to bounce back to healthy functioning after stress”

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Family Philanthropy – a collision of 2 systems

Emotion-based Loyalty & belonging Continuity & harmony More free-form Task-based Competence & commitment Growth & change More structured

Family/ Personal Philanthropic Tools

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  • 1. Mutual

Value Proposition

Skills Knowledge Relationships Identity Reputation Gifts/Grants

Self Foundation

(or DAF etc…)

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  • 2. Governance System

Practices Policies Principles & Purpose

adapted from materials by Patricia M. Angus, Esq.

Grantmaking, operations, meetings, training Governance, participation, decision-making Vision, mission, values

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Key Family Resiliency Factors

Practices Policies Principles & Purpose

“How we use our resources” “How we organize and communicate” “Our shared belief systems”

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Principles

Policies

Principles & Purpose

Values or principles exercises Founder/legacy statements Oral/video histories Purposeful trusts, ethical wills Family mission trips

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Principles

Policies

Practices

Decision-making processes Conflict of interest (legal plus family ethics) Board role, eligibility, terms, succession Participation rules (obligation

  • vs. invitation?)

Lifespan and termination/ transition of entity

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Lifespan: A Conversation in Flux

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Practices

Policies Practices

Philanthropy Practices Hometown/founder $ Discretionary $ Mission/strategic $ Investments for good Time, talent, connections – for volunteering, problem solving, leadership, advocacy

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Practices

Policies Practices

Internal Practices Operationalizing the principles and policies Making time for storytelling and mutual learning Keeping family connected to community, beneficiaries Can family truly self- facilitate, authentically engage everyone?

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  • III. Building

Resilience (part 2)

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  • 3. Form Follows Function

Practices Policies Principles

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  • 3. Form Follows Function

Practices Policies Principles

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Consequences of Function Following Form

Only tool for togetherness Fighting the last war Killing fun Connection to founding Passive participation

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Working with Your Professional Advisors

Sales

  • May lack incentive, time, knowledge

Expert Advisor

  • Sophisticated technical results
  • May lack “art of philanthropy” skills

Discernment

  • Client clarity, truthtelling
  • More open to collaboration
  • May not know all philanthropy trends
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Playing the Long Game with Your Advisors

Matthew Wesley

Division & Distribution Preservation Growth & Regeneration

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New Ways Form is Following Function

Private Foundation + DAFs Family Foundation + 501(c)(4) B Corp Investment Fund + Foundation Checkbook + PAC + Community Dev Bank Supporting Org + Super PAC + Impact Investments LLC + DAF

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Building Resilience - Summary

1.

Intentionality around intersection between family, philanthropy, business cultures

  • 2. Mutual value proposition
  • 3. Governance system (purpose, policy, practice)
  • 4. Form follows function (e.g. goals drive tools)
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How will you ensure resiliency in your philanthropy in the midst of unavoidable change?

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  • Wrap-up slides from Marie