Who are the Black Box Billionaires, and why do they choose to remain in the shadows? Our latest article on Inside Philanthropy uncovers the identities and motivations of these secretive mega-donors who are quietly shaping philanthropy in America. Michael Kavate reports: Identities and profiles of secretive mega-donors Motivations behind their anonymous giving Impact of their philanthropy on various sectors Join the conversation on the role of anonymity in philanthropy. Tagging Sea Change Foundation Institute for Policy Studies NVIDIA Jensen Huang JEN-HSUN & LORI HUANG FOUNDATION H&H EVERGREEN FOUNDATION The Paul E. Singer Foundation Bloomberg National Philanthropic Trust The ZOOM Foundation Google Larry Page CARL VICTOR PAGE MEMORIAL FOUNDATION #MegaDonors #AnonymousGiving #SocialImpact #BlackBoxBillionaires #SecretivePhilanthropy #PhilanthropicImpact #DiscreetDonors #CharitableGiving #InfluentialPhilanthropists #PhilanthropyTrends #InsidePhilanthropy #Philanthropy
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"Trust-based philanthropy is a lifeline to grantees – it tells us that a funder has confidence in us, they believe in us, and they expect us to hold ourselves accountable. When things don’t go according to plan, funders and grantees can work on these situations together, and a trusting relationship is established and reinforced." - Hannah Chotiner-Gardner #ICYMI Tina Lee of the Dropbox Foundation sits down with grantee partner, Hannah Chotiner-Gardner of Kids in Need of Defense (KIND) to discuss the importance of embracing #trustbasedphilanthropy. Tina Lee emphasizes "If we’re asking nonprofits to innovate in their programmatic giving, we need to innovate in our support." 👏 Continue reading below for more gems and insights 💡.
Embracing Trust-Based Philanthropy: An Interview with Dropbox Foundation and KIND - Rockefeller Philanthropy Advisors
https://www.rockpa.org
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I’m pleased to share Panorama Global’s analysis of the latest round of MacKenize Scott’s giving. Last month, she announced $640 million in gifts to 361 organizations as a result of her first Open Call for proposals, which was managed by Lever for Change. As I told Thalia Beaty of The Associated Press, this round of gifts was exciting for a couple of reasons: - It was the first time there was a transparent, open application process. - Scott significantly exceeded her planned giving during this round. Instead of providing 250 $1million grants, she instead gave 279 organisations $2 million, and an additional 82 organizations received $1 million. - 26% of the grants went to groups working in the “Democratic Process” category – the first time she has provided such a high percentage of grants to groups working on this urgent and critical issue. https://bit.ly/4ax8Lt8 You can get Panorama’s Collaborative Learning for Impact Philanthropy initiative’s full analysis here: https://bit.ly/3JcqTg6
What is next for billionaire philanthropist MacKenzie Scott's giving?
apnews.com
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https://lnkd.in/g-VcjREy. Generous endowments are a gift. Long term sustainability is a serious responsibility, theirs NOT hers. Her wise approach to philanthropy is the exact opposite of what gets other benevolent givers in trouble. Financial dependency takes on a life of its own. The initial gift should be made subsequent to determining sustainability, along with other critical factors. Succeeding or failing beyond that point rests wholly on the shoulders of those fortunate organizations. To think otherwise is a prime example of looking the proverbial gift horse in the mouth. Choosing expenditures wisely seldom happens with a feeling of entitlement or knowing there is a backup team waiting to rescue you continuously. Hard work, dedication, a sustainable plan, keeping expenses to a minimum, having clear and concise transparency will open the doors to additional donations from other sources. Consider the generous gift as a chance to show the world your ability to succeed, rather than lowering expectations to join the masses of mediocre charitable organizations who think responsibility begins and ends with reeling in the "big one". To think otherwise is a genuine disappointment for all concerned. The philanthropy world can really learn a lesson from Makenzie Scott. I genuinely hope they do and take it to heart as they wheel their good fortune to the bank.
MacKenzie Scott’s game-changing philanthropy still mystifies nonprofits: ‘Her gifts are super generous, but unfortunately, they don’t provide long term sustainability’
fortune.com
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📰✨ Exciting Read Alert! ✨📰 Hey everyone! I just finished reading an insightful article by Marc Gunther in the Stanford Social Innovation Review titled "Giving in the Light of Reason." 🌟 In this thought-provoking piece, Gunther delves into the concept of effective altruism and how data-driven decision-making can significantly enhance the impact of our charitable contributions. 📊💡 He challenges us to rethink traditional philanthropy and adopt a more analytical approach to giving, ensuring our donations truly make a difference. Some key takeaways: 🔍 The importance of research and evidence in choosing causes to support. 💪 How strategic giving can lead to more sustainable and scalable solutions. 🌍 Real-world examples of organizations that are leading the way in effective altruism. For anyone passionate about making a positive impact in the world, this article is a must-read! Let's all strive to give not just with our hearts, but also with our heads. ❤️🧠 Check it out and let me know your thoughts! Read more here: https://lnkd.in/gEhepz94 #Philanthropy #EffectiveAltruism #SocialImpact #StanfordSocialInnovationReview #MarcGunther #GivingSmart
Giving in the Light of Reason (SSIR)
ssir.org
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Discover the latest strategies for modern philanthropy in this Bloomerang blog! Learn how giving is evolving and how you can make a lasting impact. #Philanthropy #FutureOfGiving
The Future Of Giving: Strategies For Modern Philanthropy
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New report on Gen Z's philanthropic habits and interests. A few noteworthy highlights: "Gen Z is motivated by trust in organizations and wants to be assured of impact: - Across the board, Gen Zers report that their giving is motivated by belief in an organization's mission and that they want assurance that an organization gives back to the community. - Nearly 70% say that impact reporting is likely to motivate increased giving and nearly 60% said a postal thank-you letter would motivate them. Convenience and spontaneity drive Gen Z's giving channel preferences: - Key giving channels for Gen Zers include opportunities that fit in the flow of their daily lives, such as donating at checkout, at events, and via social media. 42% say they tend to engage spontaneously with causes and organizations."
New Report Illuminates Gen Z Philanthropic Giving Behavior
prnewswire.com
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NEW REPORT: 11 Trends in Philanthropy for 2024 is here! Inside the eighth annual 11 Trends in Philanthropy report, you'll find the rigorously researched examples and data you’ve come to expect from this in-depth look at the sector. This year, each trend poses questions — moral, economic, equity-centered, tactical, and others — that we will have to answer in the coming months and years. Topics covered include: ➡ AI the nonprofit workplace ➡ The glass cliff crisis among leaders of color ➡ Growing interest in fiscal sponsorship ➡ AAPI community philanthropy ➡ The rise of influencer philanthropy ➡ And more! Explore the full report: https://lnkd.in/gi8qaP7h #trends #trends2024 #philanthropy
11 Trends in Philanthropy for 2024
johnsoncenter.org
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Ironically, this week in my Nonprofit & Social Innovation course we’re focusing on Race and Equity in the Sector. Since fall 2022, during this module, we watch Echoing Green’s #Unwavering as a tool to frame and personify the racial equity giving gap that exists. I was reminded Tuesday of the shoulders we, YOUNG BLACK & GIVING BACK INSTITUTE, stand on. Cheryl Dorsey and The Bridgespan Group released one of the first reports that told the radical truth about the lack of funding Black nonprofits receive. Fast forward…. What has changed? Ask a grassroots Black-led nonprofit. The latest coverage of our new sector report comes from The Nonprofit Times! And I quote, “Philanthropy must address the funding gap for Black-led social change and recognize that a strong, localized Black-led nonprofit sector is essential to thriving Black communities.” The key findings and trends we have, are indicative of the narrative Black-led and serving nonprofits endure. Fund Grassroots, Black-Led and Benfiting nonprofits. Period. https://lnkd.in/dVqgynJE nonprofits/ #Blackled #philanthropy #Giving #Community #Service #grassroots
Founders Leading Majority Of Black-Led Nonprofits
https://thenonprofittimes.com
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The community knows what the community needs. Cultivating connections with residents is the key to building better communities. Relationships can be catalysts to change. However, philanthropy comes with a power imbalance that is precarious to navigate. That’s why it’s important to build intentional relationships with partner organizations and collaborate to create a better work ecosystem. By listening, acknowledging, and restructuring policies, not only do philanthropies build trust with organizations, but they create more equitable conditions for all. #philanthropy #philanthropymatters
Relational Philanthropy (SSIR)
ssir.org
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Connecting philanthropists with life saving medical research | Key Relationships Specialist @ Harry Perkins
Very interesting article on how important it is to have authentic and trusting philanthropic partnerships to make the biggest impact 💡 “Relationships are far too important to our field to simply hope they develop through goodwill or happenstance. To build a better way of working, philanthropy must commit to new habits and practices. It must become less transactional and more relational. When parties come together, their combined forces can envision new solutions to problems that they could not see apart.”
The community knows what the community needs. Cultivating connections with residents is the key to building better communities. Relationships can be catalysts to change. However, philanthropy comes with a power imbalance that is precarious to navigate. That’s why it’s important to build intentional relationships with partner organizations and collaborate to create a better work ecosystem. By listening, acknowledging, and restructuring policies, not only do philanthropies build trust with organizations, but they create more equitable conditions for all. #philanthropy #philanthropymatters
Relational Philanthropy (SSIR)
ssir.org
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Interesting article. We're a UK-based DAF provider with roots in the charitable sector. Many of our donors choose to give anonymously through their DAFs for a variety of reasons - some give to local community organisations and don't want to be singled out amongst their peers, others prefer not to deal with the "admin" of public giving (i.e. solicitations, event invitations, stewardship etc). Others give to organisations linked to private personal experiences e.g. health-based causes. It is an important part of our role as a DAF provider to facilitate anonymous giving appropriately - we follow the Charity Commission's Know Your Donor toolkit and always carry out due diligence on recommended grant recipients. We try to be as transparent as we can whilst still recognising that many donors who choose to give anonymously do so for very valid reasons.