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I am not a Philanthropist!

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NextGen donors and legacy planning.
Presentation made to CAGP, Banff, AB

Published in: Economy & Finance

I am not a Philanthropist!

  1. 1. I AM NOT A PHILANTHROPIST! Managing Social Capital of the Next and Rising Generations Presented by: Gena Rotstein Presented to: CAGP – April 2016 @DexterityInc www.DexterityConsulting.ca
  2. 2. Writing on Stone Provincial Park,TravelAB April 21, 2011
  3. 3. The LivingYears Every generation Blames the one before And all of their frustrations Come beating on your door I know that I'm a prisoner To all my father held so dear I know that I'm a hostage To all his hopes and fears I just wish I could have told him in the living years
  4. 4. 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 Stillman When Generations Collide
  5. 5. Source:
  6. 6. Traditionalists 1925-1945 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/
  7. 7. Baby Boomers 1946-1964 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
  8. 8. Generation X 1965-1980 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
  9. 9. Generation Y/Millennials 1981-1999 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
  10. 10. iGen 2000 – 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
  11. 11. CHALLENGE #1 Changing workforce resulting in changing definition of financial stability
  12. 12. FreelanceWorkforce www.freelancersunion.org/53Million
  13. 13. The Next Gen & Rising GenWorkforce Richard Florida, 2006
  14. 14. The sharing economy ecosystem by David Wesson
  15. 15. CHALLENGE #2 Financing solutions not funding problems
  16. 16. CHALLENGE #3 Social Capital is an integrated part of the financial planning process
  17. 17. Philos + Anthropy = Love of Mankind
  18. 18. Financial Planning for SPACE Sharing Philanthropy, Acting Collectively and Empathetically ~ Patti Dolan, DolanWealth – RaymondJames Ltd. Social Capital Family Needs Personal Needs Personal Needs Family Needs Social Capital Traditional Model New Model What most needs doing
  19. 19. CHALLENGE #4 Giving money away is hard… especially when you want to fund a collection of organizations
  20. 20. Humanistic Globalization – the creation of a global network around intensely local places. Place Making – Claiming space
  21. 21. Next Gen Donors in this Study Source:
  22. 22. Why Next Gen Donors? Source:
  23. 23. Summary of 4 Key Findings Driven by Values, Not Valuables Impact First Time, Talent, Treasure and Ties Crafting their Philanthropic IdentitiesSource:
  24. 24. Donor Profiling – Creating a Strategy for Giving • Leadership • Program Implementation • Community Engagement • Volunteerism/HR • Governance (policies & procedures) • Funding & Financials Source: Benchmarks for Evaluating Charities
  25. 25. CHALLENGE #5 Significant shift in social priorities from previous generations… Reporting on the stuff that matters, not on the stuff that tax filing requires
  26. 26. Comparing Generational Priorities Next Gen vs. Families Source:
  27. 27. D-Rev - Mulago Foundation
  28. 28. “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
  29. 29. SOLUTION #1 Use technology
  30. 30. Technology and Giving NetworkForGood.org/digitalgivingindex
  31. 31. SOLUTION #2 Map out the system
  32. 32. 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
  33. 33. Collective Impact Source: Collective Impact – Kramer, FSG Consulting
  34. 34. SOLUTION #3 Create a new funding model and bring in new financial tools
  35. 35. 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
  36. 36. SOLUTION #4 Be the Mentor and Guide
  37. 37. It’s not about your organization… “The right gift, for the right purpose, for the right donor.” ~ Steve Meyers
  38. 38. SOLUTION #5 Creating a social change portfolio
  39. 39. 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
  40. 40. Where do we go from here? Challenges • Shifting workforce – how income is being generated and used • Financing solutions, not funding problems • SocialCapital 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
  41. 41.  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
  42. 42. Gena Rotstein www.dexterityconsulting.ca 1-866-936-GIVE (4483) @DexterityInc

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