Giving for Greater Impact

By: Bella
Bella is a participant in the Emerging Leaders in Philanthropy: Changemakers class. 

A giving circle in technical terms is a form of participatory philanthropy where groups of individuals donate their own money or time to a pooled fund, decide where to give the funds away to charity or community projects and, in doing so, seek to increase their awareness of and engagement in the issues covered by the charity or community project. But a giving circle to me is a groups where you donate time, talent and money to a passion of you and your group. Giving circles can also have a greater impact on an organization, where as an individuals donation can only go so far. 

A giving circle has many benefits, the major on is a greater impact. Another benefit is having engagement with the community, friends, family and neighbors. In a giving circle engagement is key, because it is is participation. My group of AFG participants worked together and engaged together to raise money and talk about the most eye opening issues to ourselves and our passionate issues. This way we could make a difference in not only our lives but in others. 

Some of the challenges that I faced was deciding the organization that needs that most help, because one issue is not better that the other, it is where u are passionate about helping make a difference in that issue to support the solution not the problem. Another issue I faced was making my voice herd, because in a giving circle it is hard to all say an equal amount of ideas, but I found that listen is just as important as speaking and even then listen to some on can inspire even greater thoughts than u imagined. 

I am most proud of reaching our goal of 100 dollars which was matched by AFG. We raised 106 dollars and ended up to by 212 dollars, by the end. I am also proud, because I now realize how much more of a impact you/we can have on some one. With this money we decided to complete a project and donate the rest to working towards completing a project. 

Philanthropy in Depth

By: Moira
Moira is a participant in our Emerging Leaders in Philanthropy: Changemakers class. 

In Emerging Leaders in Philanthropy: Changemakers, we have the ability to delve deeper into philanthropy. At our last meeting, we went into more detail about the grant-making process, an extremely important part of the health of nonprofit organizations. The grant-making process starts with a healthy grantor-grantee relationship which must be mutually beneficial. Secondly, we learned about the mechanics of the grant-making process. Specifically, we learned about Request for Proposals which are documents created by grantors that describe the possible funding opportunities. After this, grantees are able to submit their proposals about what they intend to do with the funds and then the grantor will decide which grantee to allocate their funds to. One interesting fact that we learned about the grantmaking process is that there is no singular correct way to go about it: each different grantor/grantee will do it differently. 

A second topic of our class was exploring and learning more about nonprofit governance and accountability. A nonprofit is accountable to the public since their goals have to do with improving quality of life for some sector of the public. Within individual non-profits, there are many people that help the organization stay on the right track. For example, the Board of Directors is a group of people that oversee the actions of the non-profit in order to ensure that they are staying true to their mission and values. Without these people, there would be no third person perspective that has the organization's best interests in mind which would have a detrimental effect on the organization. 

In class, we did an activity in which, as a group, we had to decide where to allocate funds to as if we were grantors. Some of the most important factors we looked for in organizations were transparency, accountability, financial health, and efficiency. It is important to consider these criteria because they will ensure that a grantor is giving to a non-profit organization that will be responsible with the treasure given to them. The idea of criteria for organizations to give to ties into being an educated philanthropist in order to effectively give your time, talent, and treasure. 

Microfinance: An Overview

By: Sam Crawford-Cloonan
Sam is a participant in the Emerging Leaders in Philanthropy: Explorers class. 

Microfinance is when many donors, each giving a small amount, loan a relatively large sum of money (say, a thousand dollars) to an individual in need (usually in a developing country) in order to make a significant development in that individual's life. The development helps the individual pay off the debt incurred from the loan, and the money is given back to the donors.

I, personally, would invest in microfinance because it's an efficient and effective way of improving the quality of life (QL) of someone in need. The micro-entepreneurs are then able to break the cycle of poverty. Most of those asking for loans have just enough resources to support themselves  sufficiently, but not enough to improve Quality of life. This leads to a lack of ability to support oneself.

Individuals receiving microfinancial loans become able to support themselves and improve their QL. Loans are also more beneficial than a hand out because there is the added responsibility of being able to pay money back, thus the money is required to be used as a means of financial development rather than directly being used for day-to-day support.

For investors, microfinance is a way to give help to someone in need while still being able to make their money back. In that way, it's a very safe investment. A person can donate time and time again as their funds are replenished by micro-entrepreneurs who pay back their loans. Thus, if managed properly, the exchange is fully sustainable.

In conclusion, microfinance is a necessary part of today's world when it comes to linking local philanthropists to global issues on an individual scale, making the 'treasure' section of the pillars of philanthropy (giving time and talent and treasure) easily transferable and available. The next step? Bringing time and talent to that level of availability--and I'd love to see what this generation does to do so.

On an entirely separate note, my favorite experiences in ELP are the ones in which the students are able to have a natural discussion over previously discussed topics. Being able to ask questions and learn more about philanthropy, both local and global, is both necessary and freeing. 

Grant-making on the Ground

By: Sadie
Sadie is a participant in the Emerging Leaders in Philanthropy: Changemakers class. 

This week in ELP we discussed creating mutually beneficial grantor-grantee relationships 
and expanded on the grantmaking process. So far, I have learned that the grantmaking process can be a hard but mutually beneficial for the grantor and grantee. Through a Request for Proposal or Letter of Intent, the grantor can identify the benefits or challenges involved in giving a grant to the grantee. Then, a grant application can further identify if giving the grant will be an efficient use of the money. The grantor can measure if there will be a mutually beneficial grantor-grantee relationship through these steps that help to measure the effect on the community the grantee will make with the money. 

We have learned that maintaining a mutually beneficial grantor-grantee relationship can ultimately lead to greater and stronger impacts on the community. Through communication, trust, and social impact, this relationship can become stronger. In our class this week, we had the pleasure of having Lauren Wolter from The Once Upon A Time Foundation speak and share her experience with us. The Once Upon A Time Foundation has three sectors; one of which is the Philanthropy Lab. The Philanthropy Lab organizes classes at several colleges and universities in which students are granted money that they can donate to an organization of their choice after learning about philanthropy. Similar to our learning at Allowance for Good, students are given the chance to learn about philanthropy and the grantmaking process and apply their learning to the real world. As a future college student, I think this is a great program to have because many students are unaware of the specifics of philanthropy and its impacts. As part of a foundation, we had the opportunity to hear Lauren’s perspective on the grantmaking process. She spoke of how grantmaking can truly be mutually beneficial and how that can benefit various communities. 

Because of my learning about the grantmaking process in Emerging Leaders in Philanthropy, I am now inspired to somehow be involved in the grantmaking process in the future. I am a catalyst for good because I think everyone deserves to have the same rights, resources, and opportunities as others and non-profit organizations and grantmaking is a way to bring this to action in my future. In the meantime, I will continue to educate myself and others on philanthropy and global change so that I can apply this knowledge in the future along with my peers.

The Benefits of Corporate Philanthropy

By: Caroline

Caroline is a participant in our Emerging Leaders in Philanthropy: Explorers class.

Corporate philanthropy is a very effective and generous form of giving. Companies not only receive great public appeal but those whom they serve benefit best. Companies often have more financing, influence and industry than private donors or foundations that are better equipped to support large events like fundraisers, supply more volunteers or donate larger sums of money etc. Because each side gets something out of the interaction, this is a very just format. No one side is better than the other and each are partners instead of one being charitable and the other being weak. There are many different forms of philanthropy but corporate philanthropy is an increasingly popular form. I was aware of the different forms of philanthropy prior to ELP, but I had no idea all of the work that goes into each one. I have a much greater respect for philanthropy now I know it takes more than just writing a check. When I mentioned to my friend I was taking this class, she asked what could there be to learn about writing a check? It feels so great to have this knowledge of true philanthropy and share it with others. I thought I knew a handful of philanthropists but now I realize I know so many more. Philanthropists are not just the people who write the check but also the people who volunteer their time and talent. Corporate philanthropy is another incredible way to do good and the education of this is crucial to continuing its great work.