On Being a Wise Philanthropist
Nancy R. Barkman, CFRE
NIBS November 18, 2003
The Individual as Philanthropist
Definition of Philanthropist - a Volunteer - a Donor Most of You are Both
Philosophy of Philanthropy
All Cultures, All Religions, Encourage Charitable Giving Charitable Giving is a Reflection of Democracy The Independent Sector is Important in USA Fundraising is as American as Apple Pie Being Copied Around the World
The State of the Nonprofit Sector
Sector is Growing Increased Demand for Services Changing Funding Sources Lack of Accountability
Abuses in the Nonprofit World
Misuse of Nonprofit Status Failure to Follow Mission High Executive Compensation Poor Management Criminal Activity Failure to Respect Donor Intent Accommodating Major Donors to Detriment of Mission
You Can Make a Difference
Individuals are largest source of money for nonprofits Giving USA Report Charitable Giving in 2002 $240.92 Billion
Individuals Bequests Foundations Corporations
76.3% 7.5% 11.2% 5.1%
83.8%
As a Board Member
Be More than a Meeting Only Board Member Study the Financials Encourage Establishing an Audit Committee Get to Know Staff beyond the CEO Don’t be a Rubber Stamp Board Member Don’t Be Afraid to Challenge Chief Executive
As a Donor
Know the Organization You are Supporting Read the Annual Reports Read the Mailed Literature Examine the Organization’s Work Compare Organization with like Organizations Check the Watchdog Groups
Your Gift is Your Vote
Your Gift of Time and/or Money is Your Vote for the Organization. Be an Informed Donor Your Support will Further Its Continuation Not Supporting May aid its Decline. Make Larger Gifts to Fewer Organizations Be Sure This Organization is One You Want Your Name Associated With
Be a Wise Philanthropist
Keep Reading Give Responsibly Keep Informed Give Wisely Keep Giving Give Generously