Category: Jimmy Lustig Page 8 of 9

Right now, the field of philanthropy is facing several serious challenges. There’s the need for collective action on an unprecedented scale to tackle climate change. There’s the fact that while technology is helping to solve a lot of problems, it’s also creating some new ones. Then, there’s the fact that the very nature of philanthropy is currently under attack. Some are questioning whether or not philanthropy is effective or not. There’s a question of whether or not it can remain legitimate in a democratic society. All of these issues mean that philanthropy is currently at a crossroads and three major changes need to happen for it to continue to be a successful endeavor.

Acknowledging how money is made

The Sackler family is the owner of Purdue Pharma, the inventor of OxyContin, a drug largely responsible for the current opioid crisis. The family is also a big donator to the arts. Recently, a number of organizations have rejected donations from the family and have stated they won’t take any more of their money. It’s clear that donations cannot be separated from how the money was made. It’s been a long debate, one that started with Rockefeller and Carnegie, but it seems to have come to an agreement that money made through ethically dubious ways shouldn’t be put towards philanthropy.

Reflecting diversity

Power shifts in philanthropy can only happen if the field itself reflects the diversity of the communities and people they serve. Some nonprofit organizations have begun to ask themselves if the gender and ethnic makeup of their board of trustees is representative of the larger population of the communities they’re working in. As philanthropy continues to grow around the world, it’s crucial that organizations match the culture of giving already present in that country.

Transparency and openness

Transparency is an ongoing challenge for nonprofit organizations. A level of anonymity is sometimes required to keep donors private, but the general culture should be one of openness. It helps the organization remain legitimacy in regards to where the money comes from. Open data can also help inspire new discoveries. The recent shift towards using limited liability companies (LLC) in place of traditional philanthropic structures provides more flexibility but also means there is much less transparency required of the donor. This switch could undermine the fields overall effort to be more transparent.

The point of being involved with philanthropy is the hope to make long-term changes in an area of need. To be able to achieve this, philanthropists need to create a space where they can pause their routine, take a step back and look at the bigger picture. Taking a step back allows you to reflect and think on how you can improve your philanthropy. What this “secret weapon” looks like varies from philanthropist, but here are three places to start to find yours.

What do you read?

There is a plethora of information available out there that can help inform your work. In fact, there’s almost too much information. Don’t let information overload get to you. Instead of subscribing to every newsletter about philanthropy leadership or the specific cause you’re interested in, choose a select few and set aside time each week to really go through them. Take in the information they have to offer instead of just skimming over it. Another way to approach this is to think if what specific issues you’re currently dealing with in your organization and seek out information to help solve those issues. If you’re trying to address a foundation-wide issue, then have your staff set aside time during their work day to read the selected materials as well. Don’t expect them to use their personal time to do so.

Where can you build camaraderie?

In the effort to get everything done that you need to, you may not prioritize attending conferences and speaking with others working towards the same mission as you. It’s easy to push them aside to accomplish more pressing tasks. However, getting outside of your office and meeting up with others face-to-face is necessary and will help you find a new perspective when addressing your issues with philanthropy. It enables you to learn what your peers do to manage the same challenges you face and can help you build a support system. Even if you serve in different roles, you’ll be able to make connections with the people you meet at these events that will help open your eyes to your organization.

Whom do you confide in?

Having someone you can discuss difficult decisions with is necessary, especially in the world of philanthropy. Having someone who is an expert in the field can you give you an objective, third-party view and help you to make sure you’re doing the right thing. Finding an adviser that you trust will help you to get out of your own head. There will always be certain issues that you’re not able to talk about with other board members or staff, so having someone to turn to will help save you from experiencing frustration and burnout. This adviser may be a professional or life coach that you hire, or it may be a connection you’ve made by attending conferences. As long as it is someone dedicated to helping you and removed from your organization, they can be a valuable source.

When you participate in philanthropy, you’re helping to make the world a little bit better for someone else. But does giving help make your world a bit better as well? Researchers have found that when we give to charity, our brain reacts similarly as it does when we eat chocolate, proving that doing good for others is also good for us. Here are four ways to maximize your happiness when giving back.

Give to specific projects
When organizations that are framed tangibly, you give three times as much and feel happier doing so. Same goes for projects, where you give two times as much. When it’s clear where your money is going in an organization and is helping real people, it helps you to feel that you’re making a real difference. It helps to fight that feeling of “am I even making a difference” that sometimes surrounds donations. Choose a specific project or organization that is focusing on an area you are passionate about.

Give more often in smaller amounts
Giving a lot of money to an organization one time has less of an effect on your happiness than giving smaller amounts of money more often. Spreading out your donations across multiple charities will help you to feel happier and as though you are making an impact in many different areas. A giving circle may be a good idea as it allows you to give regularly and choose who you support. Throughout the year, you can also stay conscious of any good opportunities and donate when they arise.

Give without strings
A lot of companies make promises to donate a certain portion of proceeds when you make a purchase or reward you in exchange for donating money. Giving in these circumstances limits the happiness you receive from a donation. It takes you out of the “how can I help others” mindset and puts you in the “how can I make the most out of my money” mindset. To maximize your happiness, choose to give to organizations when you’re not getting anything in return.

Give when you know who you’re helping
Putting a name and a face to a donation makes your impact seem more real, which helps make you happier. Seeing a name and a face also makes you give 60 percent more than you would without it. Child sponsorship programs are an excellent choice for you to see exactly who you’re helping and how. Other charities will share individual stories from people helped, even though donations are used to support more than one person.

Every year around this time, we start to get bombarded with emails and TV commercials about the newest toys and the best deals on the latest electronics. The holiday season revolves around gifts, both giving and receiving. While it’s a fun way to show your appreciation to those you care about, there is a lot that gets lost. There are millions of people in need who won’t receive any gifts. This year, start a new holiday tradition with your family and give back to someone who needs it.

Donate to a toy drive

Donating to a toy drive during the holiday season gives you the direct opportunity to put a smile on a child’s face. The children who benefit from toy drives are children who often would not receive any presents otherwise. While material items aren’t everything, it helps a child to feel as though they fit in with the rest of their peers.

Volunteer at a soup kitchen

50 million Americans don’t know where their next meal is coming from. Around the holidays, which largely center on food, that can feel even grimmer. Soup kitchens feed thousands of people and are mainly volunteer based. Set aside some time this year to visit one in your community and serve a meal to those in need. If you have a family, bring everyone along. It serves as both a great bonding event and also a reminder to be grateful for how fortunate you are.

Walk or run in a charitable race

Not only is exercise good for your health, but your exercise can also benefit the health of many others. Around the holiday season, many races, marathons and walks benefit different charities. By signing up to participate and helping to raise money, you’re directly benefiting the supported cause.

Foster an animal

Just as there are millions of homeless Americans, there are millions of homeless animals too. This year, take one in, even only temporarily. Many workers and volunteers spend less time at animal shelters around the holidays to be with their families, which means animals receive less care and attention. Fostering an animal helps to reduce overcrowding in shelters, which means they can take in other animals. It also helps them to become familiar with living in a home with other people, which they may never have before. Even if you don’t adopt the animal, you still helped to make a difference in the animal’s life.