Showing posts with label entrepreneur. Show all posts
Showing posts with label entrepreneur. Show all posts

Sunday, March 20, 2016

Rising Up: Hearing from the Next Generation of Changemakers

By: Natalie
Natalie, a 7th grader at Haven Middle School, is a participant in Allowance for Good's 2016 Spring Emerging Leaders in Philanthropy class in the Evanston location

The Evanston ELP class engaged in an activity.
How have you been a philanthropist in the past and how do you envision being one in the future? 

I feel very lucky that since fourth grade I have been a part of the Justin Wynn Leadership Academy. As a part of this, I have had the chance to do a lot of community service. In the past couple of years I have done many soup kitchens, volunteered at a retirement home, worked at a basketball tournament where the money goes to a good cause, and I have made holiday cards for kids in hospitals. In the future, I do see myself doing more but also for bigger causes. I am passionate about the issue of helping people in need. I believe that everyone should have their necessary daily needs met. For example, I have helped with food drives that go to people that don't have enough food. In the future I hope to help build homes for low income families. I can see myself not only helping the Evanston community but also helping others around the world. 

The Evanston ELP class listens carefully.

Monday, November 23, 2015

Beyond Money: Other Ways to Give

By: Andrew
Andrew is a participant in Allowance for Good's Fall 2015 Emerging Leaders in Philanthropy class in the Elmhurst location.


"I choose to be #UNselfie because...
helping others is better for the whole world."
I am using what I have learned from this class in several ways. First, I have my Awareness Project. Some of my friends and I are donating not money or that much time. Instead, we are donating our knowledge. We had our other friends come up with games for the kids at Las Tías in Nicaragua. The game had to be fun enough so kids would stay to play it after school but educational enough because it is a school-like program. We came up with board games for 4-5 year olds and some for older. We also made them the best we could, not just scribbling. We decided to go with making games and lessons for Las Tías because of the "Tías" came to visit our class from Nicaragua. Her name was Grezelda and her story inspired us to help her out. We also know that a small contribution can make a big difference. If we help the future, they can help themselves. I'm not saying our contribution will change Nicaragua, but it could help change a community, which we thought was really cool. And that community can fend for itself and develop more and become something special. I also found it great how not every person needs 1,000 dollars. Would they appreciate that? Yes, but not as much as a personal connection to the donor. I'm not quite sure how to describe it but it is more satisfying from the donor of time or money and more helpful for the receiver. I'm also trying to get people to think about going on AfG's mission trip this summer in Quito, Ecuador. It is a great way to see beautiful landscapes and start your career, so to speak, in philanthropy.

We also talked about global development. As we know, there are many countries still finding their legs. I feel that donating time, money, or goods to someone who in turn, can help a community, a town, or just a neighborhood in a developing area is the best way to get involved in philanthropy. One way we learned how to do this is microfinance. Microfinance is like winning the lottery, you pit a little in and get a lot out. Except not just you benefits. A place anyone who may read this can do that is Kiva. There, you can put $25 in and help get a business started. As I mentioned before, that business can support many things and help a community grow. And then, the business owners pay you back. So you can circulate your $25 and help hundreds of people or take it out and get your $25 back. Pretty nice isn't it.

Wednesday, November 18, 2015

Microfinance and Micro-entrepreneurs

By: Julia
Julia is a participant in Allowance for Good's Fall 2015 Emerging Leaders in Philanthropy class in the Elmhurst location.
"I am a Catalyst for Good because...
I can be the change I want to see in the world."
Micro finance is a form of philanthropy, that is also a bit like charity. Micro finance has to do with giving money to someone in need. That person is called a micro-entrepreneur. They may want to start a business or keep theirs running. Giving them this money will help boost them up. But, the interesting part about micro finance is that the entrepreneur pays you back. This creates a connection between you and this other person all the way across the world. You communicate to keep checking up on them, and once they pay you back, you can use that same amount of money to loan to someone else. It's a very self sustaining system. I really like micro finance for that reason.

I think this is a very good idea. It's self sustaining, and easy to give too. You don't need to give a large amount of money to make a huge impact. It also creates a connection between two people from different parts of the world. This helps create awareness and a sense of oneness. It impacts not only the person receiving the money, but the giver as well.

Since the money is paid back after the entrepreneur is able too, you can keep on giving that same donation. It also helps make it seem like the entrepreneur is a business partner, rather than a helpless victim. I believe this will help people not be so scared or feel so disconnected from people in need of financial aid. 


Wednesday, October 28, 2015

Lessons in Corporate Philanthropy

By: Tim
Tim is a participant in Allowance for Good's Fall 2015 Emerging Leaders in Philanthropy class in the Elmhurst location. 


"I am a catalyst for good because...
I want to improve the world"
Tim, at the ELP Elmhurst class.
Corporate philanthropy is the giving of profits or resources from a corporation to a charitable cause. When asked about philanthropy, most people think about cash.  However, facilities, services, and time are also considered types of philanthropy.

Certain employers offer matching gifts programs.  With matching gifts, a company will match an employee’s cash donation to an eligible nonprofit organization at some set ratio. With grants, the company provides a nonprofit with money to accomplish an agreed-upon purpose.  The company can also provide volunteer grants, in which the time of the corporation’s employees is also donated.

Reasons for corporate philanthropy could come from a commitment to the common good, a sense that the company is making a community investment, or even that it is a good marketing tool. Whatever the reason, research has shown that corporations with sound corporate philanthropy perform better than those without it. Emily taught me that corporations should have a social responsibility toward philanthropy.  She taught me that employees of a corporation play a significant role in corporate philanthropy.  Using matching gifts, employees can make a larger donation to their charity.

Employees can also donate their time and expertise, which can be as valuable as money. If a corporation doesn’t currently have a philanthropy program, the employee can be instrumental in providing rationale as to why corporate philanthropy is important and then assisting the company in setting one up. When I am in the working world, I can see myself becoming involved in philanthropy by providing donations of both time and money. I enjoy working with other people towards a common goal, and employing our unique abilities to accomplish it.



Friday, October 2, 2015

Making a Difference through Golf

By: Matthew
Matthew is a participant in Allowance for Good's 2015 Emerging Leaders in Philanthropy class in the Elmhurst location


AfG's Emerging Leaders in Philanthropy Elmurst students.
For the past seven years I have been involved with an organization called Revelation Golf. This group was founded by two women, one of whom is a trained physical therapist and the other of whom is a former professional golfer and golf coach. They started this group to help people with physical disabilities learn the game of golf. This includes children with physical limitations (like myself) as well as veterans who have been injured. In most cases the people with whom they work are not able to play sports the way that able-bodied people do but golf is something that many people can figure out how to do. Because of the background of the two women (therapy and golf) they can usually figure out a way to teach their participants how to work around their limitations and hit the golf ball pretty well.

The two women who run the organization are an inspiration to me. They both could've made a lot more money doing what they were trained to do (therapy and golf coaching) but have chosen to sacrifice their own self-interest in order to help others. The obvious joy on their faces when their participants do well on the golf course is great to see. They both took a big risk in their lives by deciding to do what they were passionate about but I think they're glad that they made the choice that they did.

In the past, I've helped this organization by volunteering at their annual golf outings, being featured in their promotional literature and videos, and giving speeches at various events.  Also, my mom is on the board of directors and both my mom and dad have been involved in helping to organize the annual golf outing fundraiser. Over the years it's been interesting to see how the organization has changed and it's been wonderful to see how many hundreds of people have been helped.

After all these years, it really feels like the women who run this organization have become part of our family and I think they would say that we're part of their family as well. Going forward I hope to be able to stay involved with them in whatever capacity they need me. Teaching disabled people to play golf may seem like a small, somewhat unimportant thing, but I can attest to the fact that it makes a big difference by allowing people to be able to do something outside with their friends and family and by helping people become more active in their community. It’s also a lot of fun! They truly are an inspiration and I hope to stay involved so that we can continue helping people with disabilities to play the great game of golf and more importantly to learn that that their physical limitations should not prevent them from doing something they want to do.

Friday, June 12, 2015

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.