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v1.5
The State of Philanthropy
September 2020
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v1.5
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CanDo is a social ventures incubator. We wanted to find out whether enough is given by
philanthropists, to the right causes, and whether there is anything we can do to help.
Our work in this area is ongoing. In the interim we are sharing this presentation as an example of our
internal research processes.
Before we begin...
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Executive summary
The State of Philanthropy
Sizing
● Global wealth was $220tn in 2019
● Excluding environmental concerns, other pressing global issues would cost ~$1tn to address
● $0.5tn was donated in 2017 in US and Europe
○ US: $410B, Europe: $100B
○ 74% individual, 17% foundations, rest corporate
● US has stronger giving culture. UK wealthy give very little (e.g. £1k from £250k+ income)
Constraints on giving
● No evidence that tax levels are correlated with giving
● Donors would like to do more of their giving online
Effectiveness
● Various methodologies for effective giving are available to donors…
● … but they don’t use them: most giving is to wealthy institutions and oversubscribed causes,
not the neediest ones
Technology platforms
● Lots of platforms exist: a few have generated $bns
● Most have not successfully addressed the “effectiveness gap”
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1. Sizing: needs, wealth and giving
2. Constraints on giving
3. Effectiveness of giving
4. Technology platforms
Appendix: About CanDo
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Fixing the environment may cost over $50tn, but other causes require <$1tn
1) Sizing: Human needs
* Estimates range between $7 and 265 bn
Cause
Cost of eradicating
($bns)
Source
Switching fossil fuels to low-carbon energy 44,000 International Energy Agency
Stabilising greenhouse gas levels by 2030 13,000 UN IPCC
Environment total 57,000
World hunger (per year)* 265 International Food Policy Research Institute
Universal drinking water (per year) 150 World Bank
Extreme poverty (per year) 175 UN
Malaria (total) 90-120 Council on Foreign Affairs
Rabies (per year) 9 WHO
Lymphatic filariasis (total) 8 PLOS Neglected Tropical Diseases
Polio (total) 1.5 World Economic Forum
Trachoma (total) 1 WHO
Estimated cost of addressing selected problems
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Global wealth was $220tn in 2019: people with >$1m owned about half of it
1) Sizing: All wealth
Source: BCG Wealth Report 2020.
% wealth by segment, 2019 (Total: 100% = $220tn)
6%
10%
3%
5%
3%
10%
2%
1%
5%
>$100m
$1m-100m
$250k-1m
<$250k
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Current US + European philanthropy sums to just over $0.5tn
1) Sizing: Giving | Total
Sources: CanDo estimates, Giving USA 2018; ERNOP Giving in Europe 2017.
Donations by individuals, foundations and corporations, 2017 ($bn)
20
26
21
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There are 5 main ways donors deploy their assets
1) Sizing: Giving | Donation mechanisms
Methods of giving
1. Direct cash donation
● Give cash to organisations where expertise and resources already established. Features:
bureaucracy free, no control over where money is going
2. Donor-advised fund
● Set up at the community foundation or with a commercial fund e.g. Fidelity or Vanguard.
Features: free of bureaucracy, money can sit in account with tax deduction forever, owner’s
suggestions followed usually but still outsourcing impact to 3rd party
3. Via existing organisation
● Partner with existing organisation e.g. Warren Buffett’s gifts and partnership with Gates
Foundation
4. New charitable organisation
● Form a public charity, private foundation, or private offering foundation. Individuals contributes
to organisation and get tax deduction in process. Individual may retain control. Can outsource
resource or build expertise in organisation
5. New non-charitable organisation or network of different types of entities
● Create charitable company limited by shares (UK) or 501(c)(4) (US) social welfare
organisation that can engage in political activity as long as not primary purpose, or forego use
of charitable entity at all (e.g. for-profit entities e.g. limited liability companies or hybrids such
as benefit corporations). Examples: Jeff Skoll, Mark Zuckerberg, Laura Arnold
Source: Emerging Forms of Philanthropy, McCarthur Foundation 2016.
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Americans give far more than others
1) Sizing: Giving | Country comparison
Source: Charities Aid Foundation Gross Domestic Philanthropy 2016
17.4
258.5B
37
1.9
10.6 6.4 4.2 46.6
2016 charitable giving ($bn)
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Charitable giving by individuals as % of GDP is highest in the US, NZ, Canada
and the UK
1) Sizing: Giving | Individual giving as share of GDP
Source: Charities Aid Foundation Gross Domestic Philanthropy 2016; ERNOP Giving in Europe 2017.
● US has strongest culture of
giving.
● Europe had strong culture
of philanthropy before
welfare state with notable
increase since current era
of austerity (CAF Online).
● Estimated US$224 bn
could be available for
philanthropic work from
rising new middle class by
2030 outside of Europe and
North America (Charities
Aid Foundation)
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Very few donors give more than $0.5bn in a typical year
1) Sizing: Giving | USA major donors
Rank US givers
2017 donations
($bn)
Biggest causes
1 Bill and Melinda Gates 4.78 Enhance healthcare, reduce extreme poverty, expand educational opportunities
2 Mark Zuckerberg and
Priscilla Chan
2.09 Chan Zuckerberg Foundation, Chan Zuckerberg Donor Advised Fund at Silicon
Valley Community Foundation
3 Michael and Susan Dell 1 Michael and Susan Dell Foundation — children and family poverty in Central Texas,
India, and South Africa; social enterprises and nonprofits for urban education and
family economic stability
4 Henry Hillman 0.85 Hillman Family Foundation
5 Michael Bloomberg 0.70 Arts, education, environment, public-health groups, and programs aimed at
improving city governments around the world
6 Florence Irving 0.68 Columbia University Herbert and Florence Irving Medical Center, New
York-Presbyterian Columbia University Irving Medical Center, Metropolitan Museum
of Art
7 Charles Butt 0.29 Holdsworth Center, The Charles Butt Foundation- education, cultural, and health
institution with past grants for St. Mark's Episcopal Church, The Menil Collection,
and Meadows mental Health Policy Institute
8 John and Laura Arnold 0.29 Laura and John Arnold Foundation — education, scientific integrity, criminal justice,
and public pensions
9 Pierre and Pam Omidyar 0.26 Omidyar Network, Humanity United, Democracy Fund, First Look Media, and
Hopelab
10 Roy and Diana Vagelos 0.25 Columbia University Vagelos College of Physicians and Surgeons
Source: Business Insider See also The Chronicle of Philanthropy for top 50 donors in US in 2019..
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Europeans give €88bn per year across 4 models of giving
1) Sizing: Giving | Europe
European donation models
1. Anglo-saxon model: civil society orgs
seen as counterweight to government
2. Rhine model: form of “social
corporatism” with civil society orgs
contracted by state
3. Mediterranean model: church seen as
responsible for charity and state
provides services
4. Scandinavian model: strong welfare
state with tradition of volunteering
Sources: ERNOP Giving in Europe 2017; Philanthropy News Digest 2008.
13%
2013 Giving in Europe (EUR bn)
Lotteries
Foundations
Corporations
Individuals
46
3
17
22
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UK has second highest donor penetration
1) Sizing: Giving | Penetration
● Countries where people are most
likely to donate money have a
strong culture of philanthropy
(UK) or religious giving
(Myanmar & Thailand)
● Countries where people are least
likely to donate have people from
a mix of continents with different
religious and cultural beliefs
and have all struggled with
poverty or conflict
UK 2019 snapshot
● Total individual donations
were £3.16 bn
● 15.7% decrease in
donations
● % of people giving 1% of
their wealth unchanged
Top 10 countries: highest percentage of people who donate money to charity
2016
Sources: Charities Aid Foundation World Giving Index 2019; Charities Aid Foundation Gross Domestic Philanthropy 2016
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UK high earners donate relatively little
1) Sizing: Giving | UK high earners
People earning 10M +
Source: Barclays report on philanthropy; FT 2019; Beacon Collaborative Report; Beacon Collaborative; FT 2018.
People earning £250,000+
● Only 40% people earning more than £250,000 listed charitable donations on their 2016-17
tax returns
● Median amount donated by people earning more than £250,000 per year in 2017 was £1,000
(down from £1,100 and £1,130 the preceding years)
People earning £10M+
● Median level of giving by people with over £10M is £240 per year
● 5% of people with over £10M give away more than 0.25% of their wealth each year
New movement
● “The Beacon Collaborative” is trying to increase donations by £2B by 2025 by stimulating
collaboration between donors and increasing the UK’s culture of giving
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Very few UK donors give more than £100m in a typical year
1) Sizing: Giving | UK major donors
Rank UK givers
2020 donations
(£m)
2020 wealth
(£m)
Share Main beneficiaries
1 Sir Chris Hohn 349 1,300 27% Children's health, climate change
2 Alisher Usmanov 300 11,680 3% Social, cultural, education, sport
3 Alan Parker 230 2,823 8%
Environment, children, homelessness, human
rights
4 Lord Sainsbury 171 512 33% Arts, education, humanitarian, heritage
5 Galen and George Weston 156 10,530 1%
Social, education, mental health, elderly,
environmental, youth, community
6 Sir Leonard Blavatnik 139 15,781 1% Education, cultural, Jewish, science
7 Marit Rausing 122 9,590 1% Medical, environment, culture, civil rights
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Sir Michael Moritz and
Harriet Heyman
114 3,047 4% Education, arts, medical, humanitarian
9 Sir Paul Marshall 107 630 17% Children, education, religious, rehabilitation
10 Denise, Peter and John Coates 98 7,166 1% Medical research, community, health, education
Source: The Sunday Times Giving List 2020.
Donations vs. wealth
Sunday Times Giving List 2020
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Globally, foundations hold ~$1.5 trillion in assets (deploying 10% per year)
1) Sizing: Giving | Foundation size
USD billions
Source: Harvard Kennedy School Global Philanthropy Report 2018. Based on study of 156,900 identified foundations in 23 countries.
● Foundation assets exceed
$1.5tr
• 60% US, 37% Europe
● 90% of foundations <$10m,
• 50% < $1m
● Total spend: $150bn p.a.
● Average spend / foundation:
$1m p.a.
● Three quarters of foundations
established in the last 25
years
Foundation assets
$bns, 2018
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4 types of foundations in Europe and the US
1) Sizing: Giving | Foundation types
Types of foundations
1. Independent foundations
● Separately constituted nonprofit entities with a governing board and no members or
shareholders. 50% of endowment comes from one private source (e.g. an individual, family, or
corporation)
● Most foundations are independent e.g. Europe (87%) and North America (96%)
2. Corporate foundations
● Funds derive contributions of profit making business
● Corporate foundations are common in Latin America (50%)
3. Government-linked foundations
● Independent, separately constituted nonprofit entities with own governing board. Non members or
shareholders / government body provides at least 50% of the capital
● Government-linked foundations are common in China (38%) and the UAE (73%)
4. Family foundations
● Independent foundations with funds from members of a single family.
● Family foundations are common in Africa (35%)
Source: Harvard Kennedy School Global Philanthropy Report 2018.
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Most foundations operate their own programmes and activities
1) Sizing: Giving | Foundation activities
Source: Harvard Kennedy School Global Philanthropy Report 2018.
Programs % participation
Internal programmes 83%
Grants 54%
Scholarships 47%
In-kind gifts 44%
Equity investments 16%
Loans 11%
Impact investments 8%
Reasons for operating own programme
1. Search for maximum impact
2. Personal fulfillment of engaging directly
3. Limited confidence in nonprofit
institutions
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Most foundations are located in Europe and North America
1) Sizing: Giving | Foundation numbers
High-income countries
● Over 90% of world’s foundations
are in 25 highest-income
countries
Country income
● 24 high-income countries= 262
foundations per 1M people
● 11 upper-middle income
countries: 10 foundations per
1M people
Regional variations
● 40 foundations in Ireland vs.
20,700 in Germany
Source: Harvard Kennedy School Global Philanthropy Report 2018.
Number of foundations
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59% of foundations have < USD 1M in assets
1) Sizing: Giving | Foundation asset distribution
59%
32%
8%
1% < 1% <1%
Least money Most money
% of foundations
Source: Harvard Kennedy School Global Philanthropy Report 2018. 95,000 foundations studied in 15 countries.
<USD 1M 1M-10M 10M-100M 100M-500M 500M-1B $1B+
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Foundation assets are typically 1-5% of GDP (except in NE / SW)
1) Sizing: Giving | Foundation assets vs GDP
Foundation assets as % of GDP
Source: Harvard Kennedy School Global Philanthropy Report 2018.
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1. Sizing: needs, wealth and giving
2. Constraints on giving
3. Effectiveness of giving
4. Technology platforms
Appendix: About CanDo
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Tax levels are not a major constraint on giving
2) Constraints on giving: Tax
Correlation Significant
Tax burden (% GDP) -0.16 No
Top income tax rate -0.17 No
Government expenditure % GDP -0.07 No
Corporation tax rate 0.15 No
Average rate of employee social
security charges
-0.19 No
Average income tax level 0.05 No
Employer social security charges -0.52 Yes
● No significant correlation
between either taxation levels
and government spending
except negative correlation
between average rate of
employer social security
charges and amount given to
charity.
● Countries with higher social
security contributions by
employers donate less to charity
but may be a spurious result
Source: Charities Aid Foundation Gross Domestic Philanthropy 2016. Results of a correlation analysis of taxation datasets in 24 countries vs. the
total amount donated in each country
Charities Aid Foundation correlation analysis
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Several reasons are given for not giving more, but none dominate
2) Constraints on giving: Reasons given in research
Source: Barclays Private Bank Report
Reasons for not donating more, UK + US
Other financial obligations
Don't have control over how
money is used
Don’t have faith in how charities are
run
Not enough knowledge or experience
with charities
Responsibility of those wealthier
Responsibility of the state/government
Extra sums aren’t large enough to
have an impact
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Cash dominates giving, but donors prefer card payments
2) Constraints on giving: Card vs cash payments
Source: Nonprofitssource; Charities Aid Foundation (2018) “In the last 12 months, have you given to charity by any of these methods?”
Donor payment preferences
Global
Giving mechanisms used in last 12 months
UK, 2018
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1. Sizing: needs, wealth and giving
2. Constraints on giving
3. Effectiveness of giving
4. Technology platforms
Appendix: About CanDo
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Commentators observe that donors don’t give enough, or in the right ways
3) Effectiveness of giving: Criticisms
Constraints on volume of giving
Insufficient culture of
giving (CAF online)
● Weaker culture of giving and relationship with money e.g. British and Europeans give significantly
less than Americans (CAF online)
Insufficient trust ● Insufficient impact and outcome measurements (Harvard Kennedy School)
● Insufficient financial transparency (Reich)
Ineffective tax regime
(Reich)
● Insufficient tax incentives
● Tax deductions (for giving) difficult to justify
Constraints on effectiveness of giving
Ineffective donor
choices
● Unhealthy concentration of power where donations intertwined with government policies (Reich)
● Ineffective donation choices due to following passions rather than needs on the ground (McAskill)
Insufficient
collaboration
(Harvard Kennedy
School)
● Insufficient collaboration (42% of foundations collaborate with other organisations and / or public
entities, 21% of foundations have partnerships with governments)
● Difficulties working with governments
Insufficient scrutiny
(Reich)
● Insufficient transparency
● Inability to separate for-profit and non-profit initiatives
Government
constraints
● Inability to tackle social challenges alone (Harvard Kennedy School)
● Decreasing support in politically sensitive areas (McAskill)
● Loss of control by state when “outsourced” to philanthropy (Reich)
Source: Global Philanthropy Report, Harvard Kennedy School; Inside philanthropy; 2018; Common Criticisms of Philanthropy; Inside Philanthropy
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MacAskill’s framework to select causes:
● Scale: How many people benefit, and by how much?
○ Magnitude of problem? Effect on lives in short and long run?
● Neglectedness: Is this the most effective thing you can do?
○ “Best” health and education programs are 100x better than “very good” programs
○ Too much funding is ineffective use of funds (e.g. natural disasters) vs. ongoing
causes that are underfunded
● Tractability: What would have happened otherwise?
○ Programs can do more harm or make no difference.
○ Ease of solving problem? Ease of tracking progress? Existing interventions and
how strong is evidence behind these interventions? Likelihood of discovering new
promising interventions within cause?
● Personal fit: What are the chances of success, and how good would success be?
○ Some activities (e.g. entering politics) effective not because of likelihood to make
difference but impact if make a difference.
○ Likelihood of making a big difference given skills, resources, knowledge, connections and
passions?
“Effective altruism” can help philanthropists select causes to focus on
3) Effectiveness of giving: “Effective altruism”
Source: “Doing Good Better” (William Macaskill)
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There are 7 main causes to focus on according to MacAskill’s framework
3) Effectiveness of giving: MacAskill’s 7 causes
Source: “Doing Good Better” (William Macaskill). Based on research by GiveWell and the Centre for Effective Altruism. GiveWell has an
in-depth research framework to calculate which charities do the most good with every $ spent.
Scale Neglected-ness Tractability
Extreme poverty ☻☻☻ ☻☻ ☻☻☻☻
Factory farming Up to ☻☻☻
depending on value judgments
☻☻☻☻ ☻☻☻
US criminal justice system ☻ ☻☻ ☻☻☻☻
International labour mobility ☻☻☻ ☻☻☻ ☻
Catastrophic climate change ☻☻ / ☻☻☻
depending on value judgments
☻☻ ☻☻
Other global catastrophic risks ☻☻ / ☻☻☻
depending on value judgments
☻☻☻ ☻☻
2-4°C climate change ☻☻ ☻ ☻☻
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The “Copenhagen Consensus” think tank advocates a cost-benefit analysis
3) Effectiveness of giving: Copenhagen Consensus
Top causes identified by Copenhagen Consensus
Tackling malnutrition and hunger: impact of being well-nourished on first 1000
days of children’s lives has large advantages throughout life
Health and disease: chronic and infectious diseases have huge global impact
(particularly in the developing world)
Green R&D: research for green technologies to combat climate change, reduce
subsidies on less effective renewable energies
Trade and development: protectionist trade policies hinder capability of countries
to grow and, in turn, reduce poverty
1
1
Source: Copenhagen Consensus.
1
4
3
2
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In the real world, “effectiveness” is not the only motivation of donors
3) Effectiveness of giving: Donor types
Source: The Seven Faces of Philanthropy
Communitarians Doing good makes sense for them. They focus on how to make their community a
better place to work and live.
The Devout Giving is a religious act and a moral obligation.
Investors Charity as good business: (1) want to help charitable causes, and (2) want to be
tax wise about giving
Socialites Like to help nonprofits by attending and organising social functions and multiply
giving through their social networks
Altruists Affluent donors that give out of sense of moral imperative. Modest and prefer to
give anonymously
Repayers Former recipients of a nonprofit’s services. Focused on education and medical
causes.
Dynasts Inherit their wealth. Grew up with money and have been socialised to value of
giving. Giving is a quality in their family and they are expected to support
nonprofits.
Types of major donors (according to Russ Alan Prince: “The Seven Faces of Philanthropy“)
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US: Major donors give 80% in “institutional” giving, 20% in “social” giving
3) Effectiveness of giving: “Institutional” vs “Social” giving
Source: Stanford Social Innovation Review.
● 80% of gifts are considered
institutional giving to
universities, hospitals and
cultural institutions, which
are usually very
well-funded already.
● Only 20% ($1.6B) of major
philanthropic gifts over
$10M by US donors (apart
from gifts by the Gates
Foundations) went to
social giving (e.g.
education or healthcare).
Total value of gifts of $10M or more ($ billions)
$5.6B
$9.8B
$6.6B
$5B
$6.2B
$6.8B
$8.4B
$12.5B
$11.3B
$6.8B
$8.2B
$8.7B
$8B
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Major donors typically state a preference for “social” giving, but don’t live it
3) Effectiveness of giving: Stated preference for social giving
Donors advocate social giving...
● Public statements of 60% of Giving
Pledge members and donors listed in the
Forbes 50 Top Givers list state that
affecting social change is their main
philanthropic goal.
● 80% of this group state that social
change is in their top 3 philanthropic
priorities.
… but they don’t do it (only 20% of giving)
Source: Stanford Social Innovation Review.
Reasons for contradiction (Stanford
Social Innovation Review):
● Inability to find opportunities to work
on social issues
● Insufficient market for nonprofit
investments
● Difficulty to find information on
impact
● High public risk, less public reward
● Donor underinvestment in making
deals / due diligence
● Lack of personal relationships
between donors and nonprofits
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Education is the top priority for foundations around the world
3) Effectiveness of giving: Global donor priorities
Source: Harvard Kennedy School Global Philanthropy Report 2018.
Breakdown of philanthropic priorities (Global)
35%
21%
20%
18%
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Religion is priority for charitable giving in the US: significant growth in public
society, arts and education
3) Effectiveness of giving: US donor priorities
Public society 11%
Arts 11%
Education 10%
Environment and
animals 9%
Health 5%
Human services 3%
Foundations 0.6%
Religion 0.5%
Giving to
individuals 0.4%
International
Affairs -2.2%
YoY % growth 18-19
Breakdown of charitable giving for 2019 (US; USD billion)
Note: Giving USA 2020.
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Health is the leading cause in the UK
3) Effectiveness of giving: UK donor priorities
Note: difference in popularity may also be based on differences in data collection. Sources: ERNOP Giving in Europe 2017; Giving USA 2017.
Other
Religion
Public / social
benefit
Health
International aid
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1. Sizing: needs, wealth and giving
2. Constraints on giving
3. Effectiveness of giving
4. Technology platforms
Appendix: About CanDo
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Online charitable giving is growing in the US
4) Technology platforms: Online giving
Sources: Non-profit Source; Women Give 2020.
● 51% of high-wealth
donors ($200k+) would
rather give online
● 21% of donations are
done through social
media
● Women give nearly ⅔
of online gifts
(53-61% of total
dollars)
● 3% of charities rate
their board and
executive leaders as
being digitally savvy
Value and growth of USA online charitable giving
$bn %
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Justgiving is a global fundraising and crowdfunding platform that collects and
distributes funds to charity or personal causes
4) Technology platforms: General fundraising and crowdfunding platforms
Key facts
Features: individual
charitable fundraising,
crowdfunding, not curated,
payments
Amount raised: £3.6B
Users: 27.6M users
Charities: 29,834
Countries: 164
Crowdfunders: 500,000
Users: General public
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GlobalGiving is a platform that connects donors with grassroot project in most
countries
4) Technology platforms: General fundraising and crowdfunding platforms
Key facts
Features: individual
charitable giving, focus on
grassroots development
projects, not curated,
payments
Amount raised: £506M
Users: 1.2M users
Projects: 27,029
Countries: 170
Users: General public
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GoFundMe is the largest crowdfunding platform in the world and collects +
distributes funds for charity and personal fundraisers
4) Technology platforms: General fundraising and crowdfunding platforms
Key facts
Features: largest general
crowdfunding platform, not
only charitable giving, not
curated, payments
Amount raised: over $5B
Users: 70M users
Countries: 19
Average campaign size:
$1500
Users: General public
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GoGetFunding is a donation-based crowdfunding platform for personal causes
4) Technology platforms: General fundraising and crowdfunding platforms
Key facts
Features: crowdfunding platform,
individual charitable giving, not curated,
payments
Countries: UK
Users: General public
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Key facts
Features: UK’s biggest
crowdfunding platform, not
only charitable giving, not
curated, payments
Amount raised: over £70M
Users: 650,000 users
Projects: 175,000
Countries: UK
Users: General public
Crowdfunder is a crowdfunding platform that helps fund community groups,
businesses, charities and social enterprises
4) Technology platforms: General fundraising and crowdfunding platforms
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Fundr is a nonprofit fund-finding platform that sources, creates and develop
social impact projects that contribute to the UN SDGs
4) Technology platforms: Platforms to donate to projects
Key facts
Features: fund-finding
platform, project managers
connect donors to funds
Countries: UK
Users: General public,
social investors, corporate
partners, philanthropists,
grant makers
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PowerOf aggregates opportunities for people to give time or money during
COVID-19
4) Technology platforms: Platforms to donate to projects
Time Money
Key facts
Features: built by B&M
Gates Foundation (+ other
partners) with hopes to keep
after COVID-19
Countries: US focused but
projects in UK
Users: General public
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The Good Exchange is a nonprofit platform that helps provide grants to
charitable organisations by matching them with funders
4) Technology platforms: Platforms to donate to projects
Key facts
Features: owned by a
charity, access to local
grants
Countries: US
Users: Charitable trusts,
foundations, Community
Interest Companies (CIC),
social enterprises and
community groups,
businesses and
philanthropic individuals,
funders, charitable
organisations
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Every.org connects people with non-profits by allowing people to jointly
contribute to donations through friend’s profiles
4) Technology platforms: Platforms to donate to projects
Key facts
Features: discover
nonprofits friends support
Countries: US
Users: general public
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Maanch matches funders with causes using the UN SDGs
4) Technology platforms: Platforms to donate to projects
Key facts
Features: impact tracker
Countries: US, UK, India
Users: individuals & familie
private banks , wealth
advisory firms, grant makin
trusts and foundations, CSR
teams, UK registered
charities and international
nonprofit organisations .
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Goodnation vets community organisations and then people can give to targeted
funds or to specific charities using their tailored advising service
4) Technology platforms: Platforms to invest or donate to particular funds
Key facts
Features: vetting + quality
control, fund creation,
advising service, matching,
personal giving fund
Countries: US
Users: Individuals, families
and family foundations
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CapShift develops and implements solutions for philanthropic and financial
institutions (+ their clients) to mobilise capital for change
4) Technology platforms: Platforms to invest or donate to particular funds
Key facts
Features: access to impact
investments, impact
investing services (sourcing,
DD, social impact reporting,
donor advised fund solutions
Countries: US
Users: Philanthropic,
financial institutions,
national foundations, family
foundations and other
institutions
v1.5
51
Ethex helps people invest money into community benefit societies, co-ops,
charities, and social enterprises
4) Technology platforms: Platforms to invest or donate to particular funds
Key facts
Features: direct impact
investments, financial
products
Countries: UK
Users: General public
v1.5
52
Enthuse provides online fundraising tools for charities including handling
donations to social enterprises
4) Technology platforms: Platforms providing tools to nonprofits
Key facts
Features: event planning
and fundraising, B2B
Countries: US
Users: Charities and
nonprofits
v1.5
53
1. Sizing: needs, wealth and giving
2. Constraints on giving
3. Effectiveness of giving
4. Technology platforms
Appendix: About CanDo
v1.5
54
● CanDo applies best-in-class entrepreneurship methodologies to social problems
● Founded: 2019 by George Bevis (previously founded large SME banking challenger “Tide”)
● Team: ex blue chips (McKinsey, Freshfields etc)
● Example 2020 projects:
○ PopToTheShop.org: Food deliveries to the vulnerable during Covid-19
○ AdminBusters.com: Affordable PA services for everyone (particularly the elderly)
○ Research report into DIY political polling using inexpensive self-serve tools
○ Unannounced mobile phone interface for the elderly
● Questions: hello@teamcando.com
CanDo is a UK-based social ventures incubator
Appendix: Who we are

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The State of Philanthropy - CanDo

  • 1. v1.5 The State of Philanthropy September 2020 1
  • 2. v1.5 2 CanDo is a social ventures incubator. We wanted to find out whether enough is given by philanthropists, to the right causes, and whether there is anything we can do to help. Our work in this area is ongoing. In the interim we are sharing this presentation as an example of our internal research processes. Before we begin... 2
  • 3. v1.5 3 Executive summary The State of Philanthropy Sizing ● Global wealth was $220tn in 2019 ● Excluding environmental concerns, other pressing global issues would cost ~$1tn to address ● $0.5tn was donated in 2017 in US and Europe ○ US: $410B, Europe: $100B ○ 74% individual, 17% foundations, rest corporate ● US has stronger giving culture. UK wealthy give very little (e.g. £1k from £250k+ income) Constraints on giving ● No evidence that tax levels are correlated with giving ● Donors would like to do more of their giving online Effectiveness ● Various methodologies for effective giving are available to donors… ● … but they don’t use them: most giving is to wealthy institutions and oversubscribed causes, not the neediest ones Technology platforms ● Lots of platforms exist: a few have generated $bns ● Most have not successfully addressed the “effectiveness gap”
  • 4. v1.5 4 1. Sizing: needs, wealth and giving 2. Constraints on giving 3. Effectiveness of giving 4. Technology platforms Appendix: About CanDo
  • 5. v1.5 5 Fixing the environment may cost over $50tn, but other causes require <$1tn 1) Sizing: Human needs * Estimates range between $7 and 265 bn Cause Cost of eradicating ($bns) Source Switching fossil fuels to low-carbon energy 44,000 International Energy Agency Stabilising greenhouse gas levels by 2030 13,000 UN IPCC Environment total 57,000 World hunger (per year)* 265 International Food Policy Research Institute Universal drinking water (per year) 150 World Bank Extreme poverty (per year) 175 UN Malaria (total) 90-120 Council on Foreign Affairs Rabies (per year) 9 WHO Lymphatic filariasis (total) 8 PLOS Neglected Tropical Diseases Polio (total) 1.5 World Economic Forum Trachoma (total) 1 WHO Estimated cost of addressing selected problems
  • 6. v1.5 6 Global wealth was $220tn in 2019: people with >$1m owned about half of it 1) Sizing: All wealth Source: BCG Wealth Report 2020. % wealth by segment, 2019 (Total: 100% = $220tn) 6% 10% 3% 5% 3% 10% 2% 1% 5% >$100m $1m-100m $250k-1m <$250k
  • 7. v1.5 7 Current US + European philanthropy sums to just over $0.5tn 1) Sizing: Giving | Total Sources: CanDo estimates, Giving USA 2018; ERNOP Giving in Europe 2017. Donations by individuals, foundations and corporations, 2017 ($bn) 20 26 21
  • 8. v1.5 8 There are 5 main ways donors deploy their assets 1) Sizing: Giving | Donation mechanisms Methods of giving 1. Direct cash donation ● Give cash to organisations where expertise and resources already established. Features: bureaucracy free, no control over where money is going 2. Donor-advised fund ● Set up at the community foundation or with a commercial fund e.g. Fidelity or Vanguard. Features: free of bureaucracy, money can sit in account with tax deduction forever, owner’s suggestions followed usually but still outsourcing impact to 3rd party 3. Via existing organisation ● Partner with existing organisation e.g. Warren Buffett’s gifts and partnership with Gates Foundation 4. New charitable organisation ● Form a public charity, private foundation, or private offering foundation. Individuals contributes to organisation and get tax deduction in process. Individual may retain control. Can outsource resource or build expertise in organisation 5. New non-charitable organisation or network of different types of entities ● Create charitable company limited by shares (UK) or 501(c)(4) (US) social welfare organisation that can engage in political activity as long as not primary purpose, or forego use of charitable entity at all (e.g. for-profit entities e.g. limited liability companies or hybrids such as benefit corporations). Examples: Jeff Skoll, Mark Zuckerberg, Laura Arnold Source: Emerging Forms of Philanthropy, McCarthur Foundation 2016.
  • 9. v1.5 9 Americans give far more than others 1) Sizing: Giving | Country comparison Source: Charities Aid Foundation Gross Domestic Philanthropy 2016 17.4 258.5B 37 1.9 10.6 6.4 4.2 46.6 2016 charitable giving ($bn)
  • 10. v1.5 10 Charitable giving by individuals as % of GDP is highest in the US, NZ, Canada and the UK 1) Sizing: Giving | Individual giving as share of GDP Source: Charities Aid Foundation Gross Domestic Philanthropy 2016; ERNOP Giving in Europe 2017. ● US has strongest culture of giving. ● Europe had strong culture of philanthropy before welfare state with notable increase since current era of austerity (CAF Online). ● Estimated US$224 bn could be available for philanthropic work from rising new middle class by 2030 outside of Europe and North America (Charities Aid Foundation)
  • 11. v1.5 11 Very few donors give more than $0.5bn in a typical year 1) Sizing: Giving | USA major donors Rank US givers 2017 donations ($bn) Biggest causes 1 Bill and Melinda Gates 4.78 Enhance healthcare, reduce extreme poverty, expand educational opportunities 2 Mark Zuckerberg and Priscilla Chan 2.09 Chan Zuckerberg Foundation, Chan Zuckerberg Donor Advised Fund at Silicon Valley Community Foundation 3 Michael and Susan Dell 1 Michael and Susan Dell Foundation — children and family poverty in Central Texas, India, and South Africa; social enterprises and nonprofits for urban education and family economic stability 4 Henry Hillman 0.85 Hillman Family Foundation 5 Michael Bloomberg 0.70 Arts, education, environment, public-health groups, and programs aimed at improving city governments around the world 6 Florence Irving 0.68 Columbia University Herbert and Florence Irving Medical Center, New York-Presbyterian Columbia University Irving Medical Center, Metropolitan Museum of Art 7 Charles Butt 0.29 Holdsworth Center, The Charles Butt Foundation- education, cultural, and health institution with past grants for St. Mark's Episcopal Church, The Menil Collection, and Meadows mental Health Policy Institute 8 John and Laura Arnold 0.29 Laura and John Arnold Foundation — education, scientific integrity, criminal justice, and public pensions 9 Pierre and Pam Omidyar 0.26 Omidyar Network, Humanity United, Democracy Fund, First Look Media, and Hopelab 10 Roy and Diana Vagelos 0.25 Columbia University Vagelos College of Physicians and Surgeons Source: Business Insider See also The Chronicle of Philanthropy for top 50 donors in US in 2019..
  • 12. v1.5 12 Europeans give €88bn per year across 4 models of giving 1) Sizing: Giving | Europe European donation models 1. Anglo-saxon model: civil society orgs seen as counterweight to government 2. Rhine model: form of “social corporatism” with civil society orgs contracted by state 3. Mediterranean model: church seen as responsible for charity and state provides services 4. Scandinavian model: strong welfare state with tradition of volunteering Sources: ERNOP Giving in Europe 2017; Philanthropy News Digest 2008. 13% 2013 Giving in Europe (EUR bn) Lotteries Foundations Corporations Individuals 46 3 17 22
  • 13. v1.5 13 UK has second highest donor penetration 1) Sizing: Giving | Penetration ● Countries where people are most likely to donate money have a strong culture of philanthropy (UK) or religious giving (Myanmar & Thailand) ● Countries where people are least likely to donate have people from a mix of continents with different religious and cultural beliefs and have all struggled with poverty or conflict UK 2019 snapshot ● Total individual donations were £3.16 bn ● 15.7% decrease in donations ● % of people giving 1% of their wealth unchanged Top 10 countries: highest percentage of people who donate money to charity 2016 Sources: Charities Aid Foundation World Giving Index 2019; Charities Aid Foundation Gross Domestic Philanthropy 2016
  • 14. v1.5 14 UK high earners donate relatively little 1) Sizing: Giving | UK high earners People earning 10M + Source: Barclays report on philanthropy; FT 2019; Beacon Collaborative Report; Beacon Collaborative; FT 2018. People earning £250,000+ ● Only 40% people earning more than £250,000 listed charitable donations on their 2016-17 tax returns ● Median amount donated by people earning more than £250,000 per year in 2017 was £1,000 (down from £1,100 and £1,130 the preceding years) People earning £10M+ ● Median level of giving by people with over £10M is £240 per year ● 5% of people with over £10M give away more than 0.25% of their wealth each year New movement ● “The Beacon Collaborative” is trying to increase donations by £2B by 2025 by stimulating collaboration between donors and increasing the UK’s culture of giving
  • 15. v1.5 15 Very few UK donors give more than £100m in a typical year 1) Sizing: Giving | UK major donors Rank UK givers 2020 donations (£m) 2020 wealth (£m) Share Main beneficiaries 1 Sir Chris Hohn 349 1,300 27% Children's health, climate change 2 Alisher Usmanov 300 11,680 3% Social, cultural, education, sport 3 Alan Parker 230 2,823 8% Environment, children, homelessness, human rights 4 Lord Sainsbury 171 512 33% Arts, education, humanitarian, heritage 5 Galen and George Weston 156 10,530 1% Social, education, mental health, elderly, environmental, youth, community 6 Sir Leonard Blavatnik 139 15,781 1% Education, cultural, Jewish, science 7 Marit Rausing 122 9,590 1% Medical, environment, culture, civil rights 8 Sir Michael Moritz and Harriet Heyman 114 3,047 4% Education, arts, medical, humanitarian 9 Sir Paul Marshall 107 630 17% Children, education, religious, rehabilitation 10 Denise, Peter and John Coates 98 7,166 1% Medical research, community, health, education Source: The Sunday Times Giving List 2020. Donations vs. wealth Sunday Times Giving List 2020
  • 16. v1.5 16 Globally, foundations hold ~$1.5 trillion in assets (deploying 10% per year) 1) Sizing: Giving | Foundation size USD billions Source: Harvard Kennedy School Global Philanthropy Report 2018. Based on study of 156,900 identified foundations in 23 countries. ● Foundation assets exceed $1.5tr • 60% US, 37% Europe ● 90% of foundations <$10m, • 50% < $1m ● Total spend: $150bn p.a. ● Average spend / foundation: $1m p.a. ● Three quarters of foundations established in the last 25 years Foundation assets $bns, 2018
  • 17. v1.5 17 4 types of foundations in Europe and the US 1) Sizing: Giving | Foundation types Types of foundations 1. Independent foundations ● Separately constituted nonprofit entities with a governing board and no members or shareholders. 50% of endowment comes from one private source (e.g. an individual, family, or corporation) ● Most foundations are independent e.g. Europe (87%) and North America (96%) 2. Corporate foundations ● Funds derive contributions of profit making business ● Corporate foundations are common in Latin America (50%) 3. Government-linked foundations ● Independent, separately constituted nonprofit entities with own governing board. Non members or shareholders / government body provides at least 50% of the capital ● Government-linked foundations are common in China (38%) and the UAE (73%) 4. Family foundations ● Independent foundations with funds from members of a single family. ● Family foundations are common in Africa (35%) Source: Harvard Kennedy School Global Philanthropy Report 2018.
  • 18. v1.5 18 Most foundations operate their own programmes and activities 1) Sizing: Giving | Foundation activities Source: Harvard Kennedy School Global Philanthropy Report 2018. Programs % participation Internal programmes 83% Grants 54% Scholarships 47% In-kind gifts 44% Equity investments 16% Loans 11% Impact investments 8% Reasons for operating own programme 1. Search for maximum impact 2. Personal fulfillment of engaging directly 3. Limited confidence in nonprofit institutions
  • 19. v1.5 19 Most foundations are located in Europe and North America 1) Sizing: Giving | Foundation numbers High-income countries ● Over 90% of world’s foundations are in 25 highest-income countries Country income ● 24 high-income countries= 262 foundations per 1M people ● 11 upper-middle income countries: 10 foundations per 1M people Regional variations ● 40 foundations in Ireland vs. 20,700 in Germany Source: Harvard Kennedy School Global Philanthropy Report 2018. Number of foundations
  • 20. v1.5 20 59% of foundations have < USD 1M in assets 1) Sizing: Giving | Foundation asset distribution 59% 32% 8% 1% < 1% <1% Least money Most money % of foundations Source: Harvard Kennedy School Global Philanthropy Report 2018. 95,000 foundations studied in 15 countries. <USD 1M 1M-10M 10M-100M 100M-500M 500M-1B $1B+
  • 21. v1.5 21 Foundation assets are typically 1-5% of GDP (except in NE / SW) 1) Sizing: Giving | Foundation assets vs GDP Foundation assets as % of GDP Source: Harvard Kennedy School Global Philanthropy Report 2018.
  • 22. v1.5 22 1. Sizing: needs, wealth and giving 2. Constraints on giving 3. Effectiveness of giving 4. Technology platforms Appendix: About CanDo
  • 23. v1.5 23 Tax levels are not a major constraint on giving 2) Constraints on giving: Tax Correlation Significant Tax burden (% GDP) -0.16 No Top income tax rate -0.17 No Government expenditure % GDP -0.07 No Corporation tax rate 0.15 No Average rate of employee social security charges -0.19 No Average income tax level 0.05 No Employer social security charges -0.52 Yes ● No significant correlation between either taxation levels and government spending except negative correlation between average rate of employer social security charges and amount given to charity. ● Countries with higher social security contributions by employers donate less to charity but may be a spurious result Source: Charities Aid Foundation Gross Domestic Philanthropy 2016. Results of a correlation analysis of taxation datasets in 24 countries vs. the total amount donated in each country Charities Aid Foundation correlation analysis
  • 24. v1.5 24 Several reasons are given for not giving more, but none dominate 2) Constraints on giving: Reasons given in research Source: Barclays Private Bank Report Reasons for not donating more, UK + US Other financial obligations Don't have control over how money is used Don’t have faith in how charities are run Not enough knowledge or experience with charities Responsibility of those wealthier Responsibility of the state/government Extra sums aren’t large enough to have an impact
  • 25. v1.5 25 Cash dominates giving, but donors prefer card payments 2) Constraints on giving: Card vs cash payments Source: Nonprofitssource; Charities Aid Foundation (2018) “In the last 12 months, have you given to charity by any of these methods?” Donor payment preferences Global Giving mechanisms used in last 12 months UK, 2018
  • 26. v1.5 26 1. Sizing: needs, wealth and giving 2. Constraints on giving 3. Effectiveness of giving 4. Technology platforms Appendix: About CanDo
  • 27. v1.5 27 Commentators observe that donors don’t give enough, or in the right ways 3) Effectiveness of giving: Criticisms Constraints on volume of giving Insufficient culture of giving (CAF online) ● Weaker culture of giving and relationship with money e.g. British and Europeans give significantly less than Americans (CAF online) Insufficient trust ● Insufficient impact and outcome measurements (Harvard Kennedy School) ● Insufficient financial transparency (Reich) Ineffective tax regime (Reich) ● Insufficient tax incentives ● Tax deductions (for giving) difficult to justify Constraints on effectiveness of giving Ineffective donor choices ● Unhealthy concentration of power where donations intertwined with government policies (Reich) ● Ineffective donation choices due to following passions rather than needs on the ground (McAskill) Insufficient collaboration (Harvard Kennedy School) ● Insufficient collaboration (42% of foundations collaborate with other organisations and / or public entities, 21% of foundations have partnerships with governments) ● Difficulties working with governments Insufficient scrutiny (Reich) ● Insufficient transparency ● Inability to separate for-profit and non-profit initiatives Government constraints ● Inability to tackle social challenges alone (Harvard Kennedy School) ● Decreasing support in politically sensitive areas (McAskill) ● Loss of control by state when “outsourced” to philanthropy (Reich) Source: Global Philanthropy Report, Harvard Kennedy School; Inside philanthropy; 2018; Common Criticisms of Philanthropy; Inside Philanthropy
  • 28. v1.5 28 MacAskill’s framework to select causes: ● Scale: How many people benefit, and by how much? ○ Magnitude of problem? Effect on lives in short and long run? ● Neglectedness: Is this the most effective thing you can do? ○ “Best” health and education programs are 100x better than “very good” programs ○ Too much funding is ineffective use of funds (e.g. natural disasters) vs. ongoing causes that are underfunded ● Tractability: What would have happened otherwise? ○ Programs can do more harm or make no difference. ○ Ease of solving problem? Ease of tracking progress? Existing interventions and how strong is evidence behind these interventions? Likelihood of discovering new promising interventions within cause? ● Personal fit: What are the chances of success, and how good would success be? ○ Some activities (e.g. entering politics) effective not because of likelihood to make difference but impact if make a difference. ○ Likelihood of making a big difference given skills, resources, knowledge, connections and passions? “Effective altruism” can help philanthropists select causes to focus on 3) Effectiveness of giving: “Effective altruism” Source: “Doing Good Better” (William Macaskill)
  • 29. v1.5 29 There are 7 main causes to focus on according to MacAskill’s framework 3) Effectiveness of giving: MacAskill’s 7 causes Source: “Doing Good Better” (William Macaskill). Based on research by GiveWell and the Centre for Effective Altruism. GiveWell has an in-depth research framework to calculate which charities do the most good with every $ spent. Scale Neglected-ness Tractability Extreme poverty ☻☻☻ ☻☻ ☻☻☻☻ Factory farming Up to ☻☻☻ depending on value judgments ☻☻☻☻ ☻☻☻ US criminal justice system ☻ ☻☻ ☻☻☻☻ International labour mobility ☻☻☻ ☻☻☻ ☻ Catastrophic climate change ☻☻ / ☻☻☻ depending on value judgments ☻☻ ☻☻ Other global catastrophic risks ☻☻ / ☻☻☻ depending on value judgments ☻☻☻ ☻☻ 2-4°C climate change ☻☻ ☻ ☻☻
  • 30. v1.5 30 The “Copenhagen Consensus” think tank advocates a cost-benefit analysis 3) Effectiveness of giving: Copenhagen Consensus Top causes identified by Copenhagen Consensus Tackling malnutrition and hunger: impact of being well-nourished on first 1000 days of children’s lives has large advantages throughout life Health and disease: chronic and infectious diseases have huge global impact (particularly in the developing world) Green R&D: research for green technologies to combat climate change, reduce subsidies on less effective renewable energies Trade and development: protectionist trade policies hinder capability of countries to grow and, in turn, reduce poverty 1 1 Source: Copenhagen Consensus. 1 4 3 2
  • 31. v1.5 31 In the real world, “effectiveness” is not the only motivation of donors 3) Effectiveness of giving: Donor types Source: The Seven Faces of Philanthropy Communitarians Doing good makes sense for them. They focus on how to make their community a better place to work and live. The Devout Giving is a religious act and a moral obligation. Investors Charity as good business: (1) want to help charitable causes, and (2) want to be tax wise about giving Socialites Like to help nonprofits by attending and organising social functions and multiply giving through their social networks Altruists Affluent donors that give out of sense of moral imperative. Modest and prefer to give anonymously Repayers Former recipients of a nonprofit’s services. Focused on education and medical causes. Dynasts Inherit their wealth. Grew up with money and have been socialised to value of giving. Giving is a quality in their family and they are expected to support nonprofits. Types of major donors (according to Russ Alan Prince: “The Seven Faces of Philanthropy“)
  • 32. v1.5 32 US: Major donors give 80% in “institutional” giving, 20% in “social” giving 3) Effectiveness of giving: “Institutional” vs “Social” giving Source: Stanford Social Innovation Review. ● 80% of gifts are considered institutional giving to universities, hospitals and cultural institutions, which are usually very well-funded already. ● Only 20% ($1.6B) of major philanthropic gifts over $10M by US donors (apart from gifts by the Gates Foundations) went to social giving (e.g. education or healthcare). Total value of gifts of $10M or more ($ billions) $5.6B $9.8B $6.6B $5B $6.2B $6.8B $8.4B $12.5B $11.3B $6.8B $8.2B $8.7B $8B
  • 33. v1.5 33 Major donors typically state a preference for “social” giving, but don’t live it 3) Effectiveness of giving: Stated preference for social giving Donors advocate social giving... ● Public statements of 60% of Giving Pledge members and donors listed in the Forbes 50 Top Givers list state that affecting social change is their main philanthropic goal. ● 80% of this group state that social change is in their top 3 philanthropic priorities. … but they don’t do it (only 20% of giving) Source: Stanford Social Innovation Review. Reasons for contradiction (Stanford Social Innovation Review): ● Inability to find opportunities to work on social issues ● Insufficient market for nonprofit investments ● Difficulty to find information on impact ● High public risk, less public reward ● Donor underinvestment in making deals / due diligence ● Lack of personal relationships between donors and nonprofits
  • 34. v1.5 34 Education is the top priority for foundations around the world 3) Effectiveness of giving: Global donor priorities Source: Harvard Kennedy School Global Philanthropy Report 2018. Breakdown of philanthropic priorities (Global) 35% 21% 20% 18%
  • 35. v1.5 35 Religion is priority for charitable giving in the US: significant growth in public society, arts and education 3) Effectiveness of giving: US donor priorities Public society 11% Arts 11% Education 10% Environment and animals 9% Health 5% Human services 3% Foundations 0.6% Religion 0.5% Giving to individuals 0.4% International Affairs -2.2% YoY % growth 18-19 Breakdown of charitable giving for 2019 (US; USD billion) Note: Giving USA 2020.
  • 36. v1.5 36 Health is the leading cause in the UK 3) Effectiveness of giving: UK donor priorities Note: difference in popularity may also be based on differences in data collection. Sources: ERNOP Giving in Europe 2017; Giving USA 2017. Other Religion Public / social benefit Health International aid
  • 37. v1.5 37 1. Sizing: needs, wealth and giving 2. Constraints on giving 3. Effectiveness of giving 4. Technology platforms Appendix: About CanDo
  • 38. v1.5 38 Online charitable giving is growing in the US 4) Technology platforms: Online giving Sources: Non-profit Source; Women Give 2020. ● 51% of high-wealth donors ($200k+) would rather give online ● 21% of donations are done through social media ● Women give nearly ⅔ of online gifts (53-61% of total dollars) ● 3% of charities rate their board and executive leaders as being digitally savvy Value and growth of USA online charitable giving $bn %
  • 39. v1.5 39 Justgiving is a global fundraising and crowdfunding platform that collects and distributes funds to charity or personal causes 4) Technology platforms: General fundraising and crowdfunding platforms Key facts Features: individual charitable fundraising, crowdfunding, not curated, payments Amount raised: £3.6B Users: 27.6M users Charities: 29,834 Countries: 164 Crowdfunders: 500,000 Users: General public
  • 40. v1.5 40 GlobalGiving is a platform that connects donors with grassroot project in most countries 4) Technology platforms: General fundraising and crowdfunding platforms Key facts Features: individual charitable giving, focus on grassroots development projects, not curated, payments Amount raised: £506M Users: 1.2M users Projects: 27,029 Countries: 170 Users: General public
  • 41. v1.5 41 GoFundMe is the largest crowdfunding platform in the world and collects + distributes funds for charity and personal fundraisers 4) Technology platforms: General fundraising and crowdfunding platforms Key facts Features: largest general crowdfunding platform, not only charitable giving, not curated, payments Amount raised: over $5B Users: 70M users Countries: 19 Average campaign size: $1500 Users: General public
  • 42. v1.5 42 GoGetFunding is a donation-based crowdfunding platform for personal causes 4) Technology platforms: General fundraising and crowdfunding platforms Key facts Features: crowdfunding platform, individual charitable giving, not curated, payments Countries: UK Users: General public
  • 43. v1.5 43 Key facts Features: UK’s biggest crowdfunding platform, not only charitable giving, not curated, payments Amount raised: over £70M Users: 650,000 users Projects: 175,000 Countries: UK Users: General public Crowdfunder is a crowdfunding platform that helps fund community groups, businesses, charities and social enterprises 4) Technology platforms: General fundraising and crowdfunding platforms
  • 44. v1.5 44 Fundr is a nonprofit fund-finding platform that sources, creates and develop social impact projects that contribute to the UN SDGs 4) Technology platforms: Platforms to donate to projects Key facts Features: fund-finding platform, project managers connect donors to funds Countries: UK Users: General public, social investors, corporate partners, philanthropists, grant makers
  • 45. v1.5 45 PowerOf aggregates opportunities for people to give time or money during COVID-19 4) Technology platforms: Platforms to donate to projects Time Money Key facts Features: built by B&M Gates Foundation (+ other partners) with hopes to keep after COVID-19 Countries: US focused but projects in UK Users: General public
  • 46. v1.5 46 The Good Exchange is a nonprofit platform that helps provide grants to charitable organisations by matching them with funders 4) Technology platforms: Platforms to donate to projects Key facts Features: owned by a charity, access to local grants Countries: US Users: Charitable trusts, foundations, Community Interest Companies (CIC), social enterprises and community groups, businesses and philanthropic individuals, funders, charitable organisations
  • 47. v1.5 47 Every.org connects people with non-profits by allowing people to jointly contribute to donations through friend’s profiles 4) Technology platforms: Platforms to donate to projects Key facts Features: discover nonprofits friends support Countries: US Users: general public
  • 48. v1.5 48 Maanch matches funders with causes using the UN SDGs 4) Technology platforms: Platforms to donate to projects Key facts Features: impact tracker Countries: US, UK, India Users: individuals & familie private banks , wealth advisory firms, grant makin trusts and foundations, CSR teams, UK registered charities and international nonprofit organisations .
  • 49. v1.5 49 Goodnation vets community organisations and then people can give to targeted funds or to specific charities using their tailored advising service 4) Technology platforms: Platforms to invest or donate to particular funds Key facts Features: vetting + quality control, fund creation, advising service, matching, personal giving fund Countries: US Users: Individuals, families and family foundations
  • 50. v1.5 50 CapShift develops and implements solutions for philanthropic and financial institutions (+ their clients) to mobilise capital for change 4) Technology platforms: Platforms to invest or donate to particular funds Key facts Features: access to impact investments, impact investing services (sourcing, DD, social impact reporting, donor advised fund solutions Countries: US Users: Philanthropic, financial institutions, national foundations, family foundations and other institutions
  • 51. v1.5 51 Ethex helps people invest money into community benefit societies, co-ops, charities, and social enterprises 4) Technology platforms: Platforms to invest or donate to particular funds Key facts Features: direct impact investments, financial products Countries: UK Users: General public
  • 52. v1.5 52 Enthuse provides online fundraising tools for charities including handling donations to social enterprises 4) Technology platforms: Platforms providing tools to nonprofits Key facts Features: event planning and fundraising, B2B Countries: US Users: Charities and nonprofits
  • 53. v1.5 53 1. Sizing: needs, wealth and giving 2. Constraints on giving 3. Effectiveness of giving 4. Technology platforms Appendix: About CanDo
  • 54. v1.5 54 ● CanDo applies best-in-class entrepreneurship methodologies to social problems ● Founded: 2019 by George Bevis (previously founded large SME banking challenger “Tide”) ● Team: ex blue chips (McKinsey, Freshfields etc) ● Example 2020 projects: ○ PopToTheShop.org: Food deliveries to the vulnerable during Covid-19 ○ AdminBusters.com: Affordable PA services for everyone (particularly the elderly) ○ Research report into DIY political polling using inexpensive self-serve tools ○ Unannounced mobile phone interface for the elderly ● Questions: hello@teamcando.com CanDo is a UK-based social ventures incubator Appendix: Who we are