ckx - can open data unlock fort philanthropy (place2give)
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Can Open Data Unlock Fort Philanthropy?How data is influencing individual and family philanthropy
Gena Rotstein, CEO & Advisor in Philanthropy [email protected]
www.dexterityventures.comwww.place2give.com
What I learned from online datingYou have to kiss a lot of frogs…
The Power of Data
How can we use research to make more informed decisions?
How can we turn data into knowledge to drive change?
How can we use stories to demonstrate our impact?
How do we know we’re making a difference, together?
We are harnessing the frontier of charity data... To make charitable giving a part of every person’s banking experience, retain assets under management across generations and positively influence $1Billion in charitable transactions by 2015.
Photo credit: Steve Jurvetson/Flickr
Harmonized Grant
Application Form
Reduce the amount of money spent by charities filling in online forms
Drive more funds into successful programs
Drive seed capital into new initiatives
Change the dialogue around what should be measured
248 questions
Demographics
Program Impact (KPI’s)
Volunteer Engagement
Financial Management
Governance & Leadership
Platform agnostic
Accessible
Charity Profile: CAWST
Benchmarks
Maverick
Steady
Informed1. Governance
2. Financial Management
3. Program Implementation
4. Admin/HR/Volunteerism
5. Fundraising
6. Community Relations
Donor Profile
Language for Estate Planning
Group1. No reference to charity.
2. Would you like to leave any money to charity in your will?
3. Many of our customers like to leave money to charity in their will. Are there any causes you’re passionate about?
Result1. 5% clients initiate
philanthropy conversation; contribution: $5,610
2. 10.4% clients agreed to name a single charity; contribution: $5,291
3. 15.4% clients agreed to include AT LEAST ONE; contribution: $11,333
Michael Rosen, Donor-Centred Planned Gift Marketing
What does it cost to solve poverty?How donors can be more effective with their donationshttp://136.159.7.176/place2give/operations/bipartite/vancouver/
Vancouver East Side Charities
Market Size 533 organizations in
Vancouver East Side;
154 poverty orgs
X-Large: 19
Large: 3
Medium: 28
Small: 100
Unknown: 4
Where did the money go? Total provincial spending on
poverty - $8Billion (2013)
Total prov. gov’t funding - $162Million (East Van 2013)
Total private funding - $169Million (East Van 2013)
Vancouver East Side:
What charities spent on poverty-related activities: $278,690,957
Total overhead to manage poverty programs: $64,468,280
Flow of moneyHow much money is flowing between donors and projects overseas
http://136.159.7.176/place2give/operations/sankey/all/5/
Mutual Funds of Charities• Tracking the impact beyond the dollars
invested and funds spent • Finding the one common thread to measure
Creating a Paradigm Shift
Charities Updating websites
Tagging information
Making information easily accessible via RSS feeds etc.
Articulate Key Performance Indicators (KPIs)
Donors & Corporate Funders
Complete giving profiles
Share information with your financial advisors
Look beyond the cost of raising a dollar and overhead
Demand more
Charity Data and the New Frontier
New polices that govern how charities are regulated
Charity stock exchange
The ability for social change to be clearly monetized and financed
The disruption of investment regulatory bodies
The reshaping of traditional umbrella agencies and
New policies around how companies can be structured
Sources & Resources
BC Poverty Reduction Initiative
Place2Give/DVI data
Michael Rosen – blog
Giving 2.0
Stanford Social Innovation Review
Harvard Business Review
Contact informationGena Rotstein, Chief [email protected] @Place2Give @DexterityConwww.place2give.comwww.dexterityventurs.com