i am not a philanthropist!
TRANSCRIPT
I AM NOT A PHILANTHROPIST!
Managing Social Capital of the Next and Rising Generations
Presented by: Gena RotsteinPresented to: CAGP – April 2016
@DexterityIncwww.DexterityConsulting.ca
Writing on Stone Provincial Park, TravelABApril 21, 2011
The Living YearsEvery generationBlames the one beforeAnd all of their frustrationsCome beating on your doorI know that I'm a prisonerTo all my father held so dearI know that I'm a hostageTo all his hopes and fearsI just wish I could have told him in the living years
Generational Personalities
“The events and conditions each of us experiences during our formative years determines who we are and how we see
the world.”
– Lynne C. Lancaster & David StillmanWhen Generations Collide
Source:
Traditionalists1925-1945 80 Million
Events and Conditions
Great Depression World War II First documented mass global migration Cold War
Values and Traits
Conformity Authority Rules “Waste Not Want Not”
Photo: http://history105.libraries.wsu.edu/fall2014/2014/08/29/stock-market-crash-of-1929/
Baby Boomers1946-1964 80 Million
Events and Conditions
Booming post-war economy Television Apollo 11 – Moon Landing Civil rights movement Women’s movement Anti-war movement Brown vs. Board of Education JFK & MLK Jr. assassinations Founding of State of Israel Cold War Six Day War
Values and Traits
Optimism and idealism Equal rights and activism Competition
Generation X1965-1980 46 Million
Events and Conditions
Watergate Iran Contra Downsizing of corporations Latchkey kids AIDS Crack Divorce rate tripled Challenger explosion Microwaves Fast Food outlets
Values and Traits
Skepticism (Government, Market and Marriage) Independence Resourcefulness
Generation Y/Millennials1981-1999 76 Million
Events and Conditions
Oklahoma City Columbine September 11, 2001 Katrina and Rita The Internet Google Cell phones Text and Instant Messaging Social Networking Closing of newspapers and paid
journalists
Values and Traits
Realism Pragmatism Diversity
iGen2000 – 2025 population still being born
Events and Conditions
iPhone Skype Discount Airlines Failure of Kyoto Paris Accords Davos Syrian Refugee Crisis ISIS Personalized/Customized curated news
content Smart technologies and wearable tech
Values and Traits
Questioning (systems thinking) Hyper-localized Unformed as of yet
CHALLENGE #1Changing workforce resulting in changing definition of
financial stability
Freelance Workforcewww.freelancersunion.org/53Million
The Next Gen & Rising Gen Workforce
Richard Florida, 2006
The sharing economy ecosystem by David Wesson
CHALLENGE #2Financing solutions not funding problems
CHALLENGE #3Social Capital is an integrated part of the financial planning
process
Philos + Anthropy = Love of Mankind
Financial Planning for SPACESharing Philanthropy, Acting Collectively and Empathetically ~ Patti Dolan, Dolan Wealth – Raymond James Ltd.
Social Capital
Family Needs
Personal Needs
Personal Needs
Family NeedsSocial Capital
Traditional Model
New Model
What most needs doing
CHALLENGE #4Giving money away is hard… especially when you want to
fund a collection of organizations
Humanistic Globalization – the creation of a global network around intensely local places.
Place Making – Claiming space
Next Gen Donors in this StudySource:
Why Next Gen Donors?
Source:
Summary of 4 Key Findings
Driven by Values,Not Valuables
ImpactFirst
Time, Talent,Treasure and Ties
Crafting theirPhilanthropic IdentitiesSource:
Donor Profiling – Creating a Strategy for Giving
• Leadership• Program
Implementation• Community
Engagement• Volunteerism/HR• Governance (policies
& procedures)• Funding & FinancialsSource:
Benchmarks for Evaluating Charities
CHALLENGE #5Significant shift in social priorities from previous
generations… Reporting on the stuff that matters, not on the stuff that tax filing requires
Comparing Generational PrioritiesNext Gen vs. Families Source:
D-Rev - Mulago Foundation
“Unlike in past eras, social sector organizations are now in direct
control of a mass media communication medium, more
powerful than any that proceeded it”
- The Communications Network
SOLUTION #1Use technology
Technology and GivingNetworkForGood.org/digitalgivingindex
91% Go online FIRST before they do
ANYTHING
• In the MOMENT giving (GoodPin)
• Retail Philanthropy (TheCardThat.Gives)
SOLUTION #2Map out the system
Gender
Identity
Health Care and Mental Health
Education System
Urban Planning
Diversity Training/
Public Servants
Social Services
Justice
Business Community
Government and Policy
Immigration
The Gender Marketplace/System – A Snapshot
Collective Impact
Source: Collective Impact – Kramer, FSG Consulting
SOLUTION #3Create a new funding model and bring in new financial tools
Heading for a Revolution – The Golden Age of Philanthropy
Industrial Revolution• Improved productivity
Assembly Line• Technology Steam power,
shipping systems• Raw materials Resource
extraction• Infrastructure Government
Policies
Information Revolution• Improved productivity Social
networks to leverage operational objectives (crowd-sourcing)
• Technology Internet• Raw materials Ideas• Infrastructure Government
Policies, co-work space, social networks
SOLUTION #4Be the Mentor and Guide
It’s not about your organization… “The right gift, for the right purpose, for the right donor.”
~ Steve Meyers
SOLUTION #5Creating a social change portfolio
A Diversified Portfolio to Drive Social Change
Social
Issue
Investments – Shareholder
Activism, Private Equity,
Traditional
Philanthropy – Annual giving,
multi-year financing
AdvocacyVolunteerism
Employment/Family
Business
Where do we go from here?Challenges• Shifting workforce – how income is
being generated and used• Financing solutions, not funding
problems• Social Capital planning is
intertwined with financial planning• Funding collectives not individual
organizations• Lack of standardized reporting
metrics Creating individuals metrics for reporting
Solutions• Harness the power of tech
platforms• Map out the system and look
beyond the network• Create new funding models• Mentor and guide• Make it easy to invest in a
collective impact solution
Association of Baltimore Area Grantmakers Association of Small Foundations Bolder Giving Council on Foundations Council of Michigan Foundations CR2MTL “The Many” Emerging Practitioners in Philanthropy Enlightened Philanthropy Forum of Regional Association of Grantmakers Freelancers Union Grand Street GrantCraft Indiana Grantmakers Alliance Jewish Communal Fund Jumpstart Liberty Hill Foundation Mulago Foundation The Minneapolis Foundation National Center for Family Philanthropy Resource Generation Shorefast Foundation Youth Philanthropy Connect
A network of partner organizations, research platforms and community agencies helped gather data for this presentation:
The Next Gen Donors research project is a collaboration of 21/64 (2164.net) and the Dorothy A. Johnson Center for Philanthropy (johnsoncenter.org).
The project is funded by the supporters of the Frey Chair for Family Philanthropy at the Johnson Center, the Andrea and Charles Bronfman Philanthropies, the Max M. and Marjorie S. Fisher Foundation, Grand Valley State University and the Eugene and Agnes E. Meyer Foundation, and an anonymous donor.
Acknowledgements, References & Resources
Gena Rotsteinwww.dexterityconsulting.ca1-866-936-GIVE (4483)@DexterityInc