Next gen donors: what will they do differently?
This article was originally published in the December 2013 issue of Alliance magazine. The original article can be found at www.alliancemagazine.org/en/content/december-2013. For more information about subscribing to Alliance, please visit www.alliancemagazine.org/subscribe.
I’ve been a ‘next gen’ donor for 13 years, ever since I began getting involved in philanthropy after discovering as a graduate student that my family had a small...
Giving to charity is easy if, afterwards, you still have $67 billion in the bank.
That’s the current net worth of Bill Gates, co-founder of Microsoft, who’s given away billions through his foundation.
A few years ago, Gates and his friend, investor Warren Buffett, who’s worth a mere $54 billion, started asking other really rich people to follow their lead and give more and more of their fortunes away.
Now for the rest of us: The organization that Gates says...
Giving to charity is easy if, afterwards, you still have $67 billion in the bank. That’s the current net worth of Bill Gates, co-founder of Microsoft, who’s given away billions through his foundation. A few years ago, Gates and his friend, investor Warren Buffett, who’s worth a mere $54 billion, started asking other really rich people to follow their lead and give more and more of their fortunes away. Now for the rest of us: The organization that Gates says inspired his...
Amy Zehnder has seen giving on a huge scale. As a senior wealth dynamics coach in Denver for U.S. Bank's Ascent Private Capital Management, she helps ultra-wealthy people ($50 million or more in assets) manage and plan their charitable giving.
But when asked for an example of how charitable giving can change a family, she mentions what she observed in her family of friends. Her friends took their teenagers on a vacation to do charitable work with a group of kids in New...
Theodore Ingis makes donations to community organizations he wants to see thrive, but some of his largest donations will be made after his death.
Ingis and his wife are among about 800 people who have made legacy gifts to a variety of organizations through the Jewish Endowment Foundation. Some of those donors were honored Sunday night in an event that also unveiled the “Book of Life,” a collection of donor stories.
“I want to give back to the community...
When Samantha Galsic needed $15,000 in four months to pay legal fees to gain full custody of her three-year-old daughter, she felt overwhelmed and angry.
"I didn't know how I was going to pull off coming up with an extra $15,000 here and there," Galsic said.
After making her first payment of $5,000 from savings, the registered nurse found that her income tripled and she was able to pay $5,000 the next month quite easily.
"I was ecstatic when I noticed that the more I...
Modern methods of donating include biking, texting and shopping online
Thanks to mobile apps, donating via text message and fundraising websites, charities are more accessible than ever. These new forms of giving, coupled with a steady economic recovery, are energizing philanthropy among Americans.
Giving to nonprofits in the United States rose 6.7 percent in 2012, an increase of about $23 billion over 2011, according to the Atlas of Giving, an organization that measures charitable giving in the U.S. Most charities, however, remain largely...
A national LGBT fundraising effort is set to debut next month and will harness the power of social media to seek donations.
Called Give OUT Day, the first of its kind crowdsourcing effort on May 9 is enlisting LGBT nonprofits in all 50 states to take part. More than 300 groups, in rural areas and major cities, have already signed on.
In the Bay Area more than 40 LGBT charities and community-based organizations have agreed to participate in the fundraiser. Donors will be encouraged...
In a laboratory game to assess how income levels affect charitable giving, participants are handed $10 in dollar bills and told that, if they like, they can put some in an envelope and give them to an anonymous partner. Psychologist Paul Piff has found that people making $150,000 or more a year give on average $2-$3, while lower earners give $6-$7.
“That’s an incredible difference,” says Piff, a social psychologist at the University of California,...
In this Thought Leaders video series, we take a look at where today's game changers find inspiration.
Jason Franklin is the executive director of Bolder Giving, a New York nonprofit that counsels individuals on how to incorporate philanthropy into their lives or entrepreneurial efforts. Bolder Giving's website features stories of people who have given a good chuck of their income to charity -- the idea is that those stories might inspire others to give as well, Franklin says. The Bill...