Can Open Data Unlock Fort Philanthropy?How data is influencing individual and family philanthropy

Gena Rotstein, CEO & Advisor in Philanthropy grotstein@dexterityventures.com

www.dexterityventures.comwww.place2give.com

What I learned from online datingYou have to kiss a lot of frogs…

The Power of Data

How can we use research to make more informed decisions?

How can we turn data into knowledge to drive change?

How can we use stories to demonstrate our impact?

How do we know we’re making a difference, together?

We are harnessing the frontier of charity data... To make charitable giving a part of every person’s banking experience, retain assets under management across generations and positively influence $1Billion in charitable transactions by 2015.

Photo credit: Steve Jurvetson/Flickr

Harmonized Grant Application Form

Reduce the amount of money spent by charities filling in online forms

Drive more funds into successful programs

Drive seed capital into new initiatives

Change the dialogue around what should be measured

248 questions

Demographics

Program Impact (KPI’s)

Volunteer Engagement

Financial Management

Governance & Leadership

Platform agnostic

Accessible

Charity Profile: CAWST

Benchmarks

Maverick

Steady

Informed1. Governance

2. Financial Management

3. Program Implementation

4. Admin/HR/Volunteerism

5. Fundraising

6. Community Relations

Donor Profile

Language for Estate Planning

Group

1. No reference to charity.

2. Would you like to leave any money to charity in your will?

3. Many of our customers like to leave money to charity in their will. Are there any causes you’re passionate about?

Result

1. 5% clients initiate philanthropy conversation; contribution: $5,610

2. 10.4% clients agreed to name a single charity; contribution: $5,291

3. 15.4% clients agreed to include AT LEAST ONE; contribution: $11,333

Michael Rosen, Donor-Centred Planned Gift Marketing

What does it cost to solve poverty?How donors can be more effective with their donationshttp://136.159.7.176/place2give/operations/bipartite/vancouver/

Vancouver East Side Charities

Market Size

533 organizations in Vancouver East Side;

154 poverty orgs

X-Large: 19

Large: 3

Medium: 28

Small: 100

Unknown: 4

Where did the money go? Total provincial spending on

poverty - $8Billion (2013)

Total prov. gov’t funding -$162Million (East Van 2013)

Total private funding -$169Million (East Van 2013)

Vancouver East Side:

What charities spent on poverty-related activities: $278,690,957

Total overhead to manage poverty programs: $64,468,280

Flow of moneyHow much money is flowing between donors and projects overseas

http://136.159.7.176/place2give/operations/sankey/all/5/

Mutual Funds of Charities• Tracking the impact beyond the dollars

invested and funds spent

• Finding the one common thread to measure

Creating a Paradigm Shift

Charities

Updating websites

Tagging information

Making information easily accessible via RSS feeds etc.

Articulate Key Performance Indicators (KPIs)

Donors &

Corporate Funders

Complete giving profiles

Share information with your financial advisors

Look beyond the cost of raising a dollar and overhead

Demand more

Charity Data and the New Frontier

New polices that govern how charities are regulated

Charity stock exchange

The ability for social change to be clearly monetized and financed

The disruption of investment regulatory bodies

The reshaping of traditional umbrella agencies and

New policies around how companies can be structured

Sources & Resources

BC Poverty Reduction Initiative

Place2Give/DVI data

Michael Rosen – blog

Giving 2.0

Stanford Social Innovation Review

Harvard Business Review

Contact informationGena Rotstein, Chief Conversationalist403-860-7572grotstein@dexterityventures.com@Place2Give @DexterityConwww.place2give.comwww.dexterityventurs.com