Philanthropy for Techies
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Transcript of Philanthropy for Techies
PHILANTHROPY FOR TECHIES
Shannon Farley | Co-Founder & Executive Director
WHY ARE WE TALKING ABOUT THIS?
WHY ARE WE TALKING ABOUT THIS?
distrust frustration confusion
#1 question from techies
I want to do some good, but how do I get started?
we will come back to this
here’s what we’re going to discuss
Social enterprise (lay of the land) Giving models
Next steps
but first…
WHICH OF THESE IS NOT A NONPROFIT?
• IKEA • The Academy Awards • Burning Man
WHICH OF THESE IS NOT A NONPROFIT?
• IKEA • The Academy Awards • Burning Man
Trick question. All are nonprofits.
WHAT IS A NONPROFIT?
WHAT IS A NONPROFIT?
(technically) A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive
WHAT IS A NONPROFIT?
WHAT IS A NONPROFIT?
(in practice) It is a tax model
It can be a business model to solve problems for which there is no market solution.
Direct Service
TYPES OF NONPROFITS
soup kitchens schools
community gardens
associations (churches, unions) advocacy organizations (Greenpeace, super PACs)
wikipedia charity:water fast forward
Indirect Service
Intermediaries
BUSINESS MODELS
for profits nonprofits brick & mortar service delivery
product company
PRODUCT COMPANIES
for profits tech nonprofits
build products scale well
profit impact
start ups
TECH NONPROFITS
reddit indiegogo
udemy volunteermatch
wikipedia
charity:water khan academy
one brick
tech nonprofits
NONPROFIT REVENUE
Individual Donations
cash stock
appreciated securities
foundations (public and private) governments
nonprofit grantmakers
goods and services space
Institutional Donations
In-kind Donations
interest (endowments and other cash holdings) fee for service (consulting, speaking fees)
product sales other sources (rent, fiscal sponsorship)
Other Revenue
institutions individuals
in-kindrevenue
WAIT…WHAT ABOUT SOCIAL ENTERPRISE?
WAIT…WHAT ABOUT SOCIAL ENTERPRISE?
no agreed upon definition or impact model
For Profit
tesla solarcity
warby parker etsy
change.org
“B Corps”
a nonprofit that certifies b corps to ensure “public benefit”
EXAMPLES OF SOCIAL ENTERPRISES
HOW TO GET STARTED
*see, told you we’d get back to this
*
HOW TO GET STARTED
*see, told you we’d get back to this
*
1 / what interests you?
2 / what do you want to give?
Volunteer Matching Services
1 / WHAT INTERESTS YOU?
volunteermatch, catchafire, onebrick boardmarch, taproot
fast forward tipping point
silicon valley community foundation
good.is co.exist
deliverateLIFE
Funders
Media
DIS
COVE
RY P
LATF
ORM
S
THE
THRE
E T’
S Time
2 / WHAT DO YOU WANT TO GIVE?
build a home beach clean up
mentor an engineer build a website
give legal advice
money software licenses
office space
Talent
Treasure
TIME
How much?
STUFF TO CONSIDER: TIME
5 hours a year (beach clean up) 10 hours a quarter for two years (board service)
t-shirt (beach clean up) board service (grow your professional network)
Return: are you looking for something?
TALENT
What are you good at?
coding planning great parties
UX/UI adwords campaigns
Is there something you do well that would be hard or expensive to source?
STUFF TO CONSIDER: TALENT
content area : public education reform, experience of homeless in sf business strategy : meeting facilitation, board management, volunteer recruitment
What do you want to learn?
TREASURE
What do you have to give?
money appreciated securities
meeting space
cash donor advised fund - family foundation
giving circle
How will you give it?
STUFF TO CONSIDER: TREASURE
recognition: your name on a building access: invitations to high-net worth donor gatherings
Do you want anything in return?
3T TRIFECTA: BOARD SERVICE
responsibilities what you’ll do
ensure fiduciary responsibility hire/fire the ED/CEO
attend board meetings contribute work product
give or get donations recruit other board members
#2 question from techies
How do I know which nonprofits are good?
CHECK OUT THE LEADERS
LEADERSHIP
Do they understand the problem? Can they articulate it?
Do they have a the skills they need in the right positions?
Is there evidence of past success? Will they be able to raise money?
Do you trust them?
for profitstech
nonprofits
CHECK OUT THE PRODUCT
for profitstech
nonprofits
what do their customers say? what do their investors say?
what does your gut say?
PRODUCT COMPANIES
CHECK OUT THE BUSINESS MODEL
GO TO MARKET
how big is the problem? do users give it a high rating?
how many users? is there evidence of
profit growth?
how many served? is there evidence of
impact growth?
for profitstech
nonprofits
IS IT FISCALLY SOUND?
• Start with their 990s (Nonprofits file tax returns) • Check out their annual report • Look for external validation
•Fast Forward & other funders •GiveWell •CharityNavigator
ASSESS OVERHEAD
talent = big cost center scale happens at a later stage it costs money to make money
for profits tech nonprofits
EVALUATE WITH REASON
committed staff working below market rates
shoddy office space limited perks
>3 months cash flow
for profitstech
nonprofits
#3 question from techies
Is it better to give $10 to 100 organizations or $1000 to 1?
$1000 to 1
$100 to 10 versus $1000 to 1
Imagine the nonprofit is a start-up
•what are your expectations for $10? •if you were a board member, would you recommend that they spend time getting lots of small investors or one big fish?
#4 question from techies
Is it better to give to big organizations with proven track record or small startup nonprofits?
THAT’S PERSONAL
INVESTMENT PORTFOLIO
Treat your giving like your investment portfolio
• what percentage goes into “safe bets”? • what do you set aside to friend’s galas/ walk and runs? • how much are you willing to risk for big impact returns?
RECOMMENDED ORGANIZATIONS
#1 question from techies
I want to do some good, but how do I get started?
GO DO IT