It certainly is a complex time for fundraisers but thanks to KCI’s latest edition of Philanthropic Trends Quarterly, they can gain valuable insight on the newest trends in philanthropy in pursuit of their next steps.
The pros and cons of prize philanthropy, where large sums of money are given to organizations that fulfil large-scale goals.
For a voluntary sector struggling to keep its head above water in the best of times, news of the economic climate continues to ripple through the nation, causing concern to charities, donors, and the much-relied-upon foundations that grant monies to those most in need.
Pardon the pun, but there’s an age old question asked in almost every era of marketing: how do you capture the imagination, attention and spirit of youth? And for practitioners in the third sector, the question is a burning one, considering that philanthropy is a trait that benefits from modeling examples at an early age.
Late last year, Hamilton’s McMaster University received a rare and welcome boon: a $10,000 grant from the Massachusetts-based Sunshine Lady Foundation to create and administer a philanthropy class, titled the Strategic Philanthropy and Leadership Course, at the university’s DeGroote School of Business.
Once the new kid on the block, venture philanthropy has grown into its own in the past decade. The urge by young and emerging entrepreneurs to spur social change and increase capacity in the charitable sector while still making a profit may have started off small, but it’s gaining a lot of credence.
A growing trend in philanthropy, giving circles occur when a group of donors pool their charitable dollars and make collective decisions about what causes to support. Giving circles can be an informal group of friends who meet in each other’s homes, or they can be quite formal with hundreds of members.
According to recent Ipsos Reid statistics, around 80% of Canadians give to charity every year. That means close to 25 million of us make some sort of philanthropic gesture per annum. It’s an incredible stat.
How often does the average Canadian reach into her pocket and make a donation to a favourite arts organization? How are arts organizations expected to thrive when faced with a highly competitive and saturated funding pool and ever-diminishing public funds?
Some extraordinary young people are challenging these preconceptions about childhood and doing so in the most conscientious of ways: as bona fide philanthropists.
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