A quick post about two articles of interest this week on board service:
The Price of Board Membership in this week’s Crain’s Chicago Business details the pros and cons to nonprofit board member “give-or-get” requirements as fundraising strategies. They certainly guarantee revenue and help to engage board members in the organization’s work. But could those annual minimum donation guidelines or policies also serve as a deterrent for those who may be unable to commit those amounts or be put off by the high cost to participate, and therefore ultimately left out of the opportunity to serve?
And then, this piece Boards are Not Ready for the Next Generation of Trustees in the Chronicle of Philanthropy explores the very real challenge of board service as a young person… A rising generation of younger donors could bring new money to nonprofits and fresh ideas to their boardrooms but many nonprofits are not up to par when it comes to performance, operations and management to keep innovative, thoughtful and high-energy young people focused on impact and effectiveness engaged.
In their report “Next Gen Donors: Respecting Legacy, Revolutionizing Philanthropy,” the philanthropic consulting firm 21/64 and researchers at the Johnson Center for Philanthropy at Grand Valley State University describe next-gen donors as driven by personal values, often those passed on from their parents and grandparents, and motivated strongly by potential social impact instead of recognition or obligation.
As we’ve discussed here before, volunteering and board service are critical ways to enhance our involvement in the important work around the services, education, outreach and advocacy our community organizations provide. What can we do to ensure serving in this manner is a positive experience? Do you have an interesting story to share about your volunteer service? SAPP would love to hear from you!
Want to try a new fundraising approach? Do you think an approach should be retired? Do you need proof a fundraising technique works? Submit an idea to the Science of Philanthropy Initiative‘s Idea Contest! SPI is offering up to $5,000 for ideas.
The Science of Philanthropy Initiative at University of Chicago is sponsoring an Idea Contest intended to solicit fundraising ideas from charities that can be tested by SPI researchers. SPI is looking for ideas that will further the science of philanthropy and change the way development professionals fundraise.
The Globe and Mail ran an in-depth profile this weekend about Vasu Chanchlani and his family, focused particularly on his philanthropy. (Some of you may recall that we featured Mr. Chanchlani’s recent giving last year.)
I thought the article did a great job of showing the evolution of an individual’s philanthropy, and particularly the shift from giving back to the homeland to also making major philanthropic investments in the new country – in this case, Canada. And the shift towards giving as a priority, after putting down roots and accumulating wealth in a new country.
Just catching up on some gift news from the end of 2012 – Columbia University reported that Delhi-based entrepreneur Sharik Currimbhoy pledged $12.2 million “to support research and fellowships with a focus on India and emerging markets.” Currimbhoy is a Columbia alum, and had focused his previous philanthropy to his home country of India – this is his first international gift at this level.
I thought this tidbit from the Economic Times was fascinating, and hopefully highlights the different motivations of South Asians in their philanthropy, including lucky dates and inspiring others!:
[Currimbhoy] chose 12.12.12 to officially announce his gift because he felt it was a lucky date and would also grab the attention of other members of the university alumni. He now hopes that his gift will inspire many of them, especially those from India, to contribute towards their alma mater.
The New York Times has some great coverage of philanthropy these days.
The first article was a few weeks ago – many of you must have seen it, and we had some discussion about it at our Facebook page. The article describes the rising influence of Asian-Americans in philanthropy in the New York area, including profiles of a few South Asian leaders. (And here are Andy’s thoughts on the article from Asian American Giving.)
The second was just yesterday, celebrating the fact that Mayor Michael Bloomberg has given more than $1 billion – yes, that’s Billion – to Johns Hopkins University. Whoa. We need more South Asian givers like that!
Yesterday was the much-anticipated South Asian Philanthropy Conference hosted by the Association of Fundraising Professionals Toronto Chapter. Held at the gorgeous Toronto Reference Library, 180 participants turned up on a snowy day to hear from philanthropists and nonprofit leaders about giving and fundraising in the South Asian community.
I was honoured to moderate the panel of philanthropists on behalf of SAPP (left). The distinguished panel included (from left to right) Dr. Terry Papneja, Neena Kanwar, and keynote speaker Aditya Jha.
I was so inspired to see this landmark event finally happen after all these years. We at SAPP had been hoping for a gathering just like this – full of inspired South Asians and non-South Asians, talking with each other about giving, fundraising, diversity, and inclusion. I’ll write a lot more about the event in the days and weeks to come, but for now, you can check out real-time tweets about the action at #inclusivegiving and @ArchanaSAPP!