I AM NOT A PHILANTHROPIST!

Managing Social Capital of the Next and Rising Generations

Presented by: Gena RotsteinPresented to: CAGP – April 2016

@DexterityIncwww.DexterityConsulting.ca

Writing on Stone Provincial Park, TravelABApril 21, 2011

The Living YearsEvery generationBlames the one beforeAnd all of their frustrationsCome beating on your doorI know that I'm a prisonerTo all my father held so dearI know that I'm a hostageTo all his hopes and fearsI just wish I could have told him in the living years

Generational Personalities

“The events and conditions each of us experiences during our formative years determines who we are and how we see

the world.”

– Lynne C. Lancaster & David StillmanWhen Generations Collide

Source:

Traditionalists1925-1945 80 Million

Events and Conditions

Great Depression World War II First documented mass global migration Cold War

Values and Traits

Conformity Authority Rules “Waste Not Want Not”

Photo: http://history105.libraries.wsu.edu/fall2014/2014/08/29/stock-market-crash-of-1929/

Baby Boomers1946-1964 80 Million

Events and Conditions

Booming post-war economy Television Apollo 11 – Moon Landing Civil rights movement Women’s movement Anti-war movement Brown vs. Board of Education JFK & MLK Jr. assassinations Founding of State of Israel Cold War Six Day War

Values and Traits

Optimism and idealism Equal rights and activism Competition

Generation X1965-1980 46 Million

Events and Conditions

Watergate Iran Contra Downsizing of corporations Latchkey kids AIDS Crack Divorce rate tripled Challenger explosion Microwaves Fast Food outlets

Values and Traits

Skepticism (Government, Market and Marriage) Independence Resourcefulness

Generation Y/Millennials1981-1999 76 Million

Events and Conditions

Oklahoma City Columbine September 11, 2001 Katrina and Rita The Internet Google Cell phones Text and Instant Messaging Social Networking Closing of newspapers and paid

journalists

Values and Traits

Realism Pragmatism Diversity

iGen2000 – 2025 population still being born

Events and Conditions

iPhone Skype Discount Airlines Failure of Kyoto Paris Accords Davos Syrian Refugee Crisis ISIS Personalized/Customized curated news

content Smart technologies and wearable tech

Values and Traits

Questioning (systems thinking) Hyper-localized Unformed as of yet

CHALLENGE #1Changing workforce resulting in changing definition of

financial stability

Freelance Workforcewww.freelancersunion.org/53Million

The Next Gen & Rising Gen Workforce

Richard Florida, 2006

The sharing economy ecosystem by David Wesson

CHALLENGE #2Financing solutions not funding problems

CHALLENGE #3Social Capital is an integrated part of the financial planning

process

Philos + Anthropy = Love of Mankind

Financial Planning for SPACESharing Philanthropy, Acting Collectively and Empathetically ~ Patti Dolan, Dolan Wealth – Raymond James Ltd.

Social Capital

Family Needs

Personal Needs

Personal Needs

Family NeedsSocial Capital

Traditional Model

New Model

What most needs doing

CHALLENGE #4Giving money away is hard… especially when you want to

fund a collection of organizations

Humanistic Globalization – the creation of a global network around intensely local places.

Place Making – Claiming space

Next Gen Donors in this StudySource:

Why Next Gen Donors?

Source:

Summary of 4 Key Findings

Driven by Values,Not Valuables

ImpactFirst

Time, Talent,Treasure and Ties

Crafting theirPhilanthropic IdentitiesSource:

Donor Profiling – Creating a Strategy for Giving

• Leadership• Program

Implementation• Community

Engagement• Volunteerism/HR• Governance (policies

& procedures)• Funding & FinancialsSource:

Benchmarks for Evaluating Charities

CHALLENGE #5Significant shift in social priorities from previous

generations… Reporting on the stuff that matters, not on the stuff that tax filing requires

Comparing Generational PrioritiesNext Gen vs. Families Source:

D-Rev - Mulago Foundation

“Unlike in past eras, social sector organizations are now in direct

control of a mass media communication medium, more

powerful than any that proceeded it”

- The Communications Network

SOLUTION #1Use technology

Technology and GivingNetworkForGood.org/digitalgivingindex

91% Go online FIRST before they do

ANYTHING

• In the MOMENT giving (GoodPin)

• Retail Philanthropy (TheCardThat.Gives)

SOLUTION #2Map out the system

Gender

Identity

Health Care and Mental Health

Education System

Urban Planning

Diversity Training/

Public Servants

Social Services

Justice

Business Community

Government and Policy

Immigration

The Gender Marketplace/System – A Snapshot

Collective Impact

Source: Collective Impact – Kramer, FSG Consulting

SOLUTION #3Create a new funding model and bring in new financial tools

Heading for a Revolution – The Golden Age of Philanthropy

Industrial Revolution• Improved productivity

Assembly Line• Technology Steam power,

shipping systems• Raw materials Resource

extraction• Infrastructure Government

Policies

Information Revolution• Improved productivity Social

networks to leverage operational objectives (crowd-sourcing)

• Technology Internet• Raw materials Ideas• Infrastructure Government

Policies, co-work space, social networks

SOLUTION #4Be the Mentor and Guide

It’s not about your organization… “The right gift, for the right purpose, for the right donor.”

~ Steve Meyers

SOLUTION #5Creating a social change portfolio

A Diversified Portfolio to Drive Social Change

Social

Issue

Investments – Shareholder

Activism, Private Equity,

Traditional

Philanthropy – Annual giving,

multi-year financing

AdvocacyVolunteerism

Employment/Family

Business

Where do we go from here?Challenges• Shifting workforce – how income is

being generated and used• Financing solutions, not funding

problems• Social Capital planning is

intertwined with financial planning• Funding collectives not individual

organizations• Lack of standardized reporting

metrics Creating individuals metrics for reporting

Solutions• Harness the power of tech

platforms• Map out the system and look

beyond the network• Create new funding models• Mentor and guide• Make it easy to invest in a

collective impact solution

Association of Baltimore Area Grantmakers Association of Small Foundations Bolder Giving Council on Foundations Council of Michigan Foundations CR2MTL “The Many” Emerging Practitioners in Philanthropy Enlightened Philanthropy Forum of Regional Association of Grantmakers Freelancers Union Grand Street GrantCraft Indiana Grantmakers Alliance Jewish Communal Fund Jumpstart Liberty Hill Foundation Mulago Foundation The Minneapolis Foundation National Center for Family Philanthropy Resource Generation Shorefast Foundation Youth Philanthropy Connect

A network of partner organizations, research platforms and community agencies helped gather data for this presentation:

The Next Gen Donors research project is a collaboration of 21/64 (2164.net) and the Dorothy A. Johnson Center for Philanthropy (johnsoncenter.org).

The project is funded by the supporters of the Frey Chair for Family Philanthropy at the Johnson Center, the Andrea and Charles Bronfman Philanthropies, the Max M. and Marjorie S. Fisher Foundation, Grand Valley State University and the Eugene and Agnes E. Meyer Foundation, and an anonymous donor.

Acknowledgements, References & Resources

Gena Rotsteinwww.dexterityconsulting.ca1-866-936-GIVE (4483)@DexterityInc