| Date post: | 28-Jul-2015 |
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Pushing the NeedleWorking with families to create, generate & measure social impact
Gena Rotstein, CEO & Advisor in Philanthropy [email protected]
www.dexterityventures.comwww.place2give.com
Agenda
About Dexterity Ventures Inc.
How the next generation defines social capital
Non-traditional "philanthropy“
Information overload - technology and giving
We are harnessing the frontier of charity data... To make charitable giving a part of every person’s banking experience, retain assets under management across generations and positively influence $1Billion in charitable transactions.
Photo credit: Steve Jurvetson/Flickr
Company formed in 2002
20+ years of non-profit management experience in North America
Peer recognition
TEDxCalgary, AFP, CAGP, AiP, PPI presenter
Publications in national magazines, newspapers and websites
Media expert on social enterprise, social impact investing and social finance
FEA
• Family advising and philanthropy consulting
• Software as a Service
• Percentage per transaction
• Platform as a Service
Business Model
Community Partners & Peer Recognition
What is Philanthropy?
Love of mankind
A financial transaction predicated by moral response to a social dilemma
As a phenomenon, philanthropy is actively practiced throughout the world through voluntarily giving of time, talent and resources in support of the common good (Wagner et al, 2003, p 442)
Information Flow
Donor Advisor Charity
Leaving a Legacy
Leave enough for your children that they will do something, but not so much that they won’t do anything.
- Warren Buffet
“It’s not your pearls, it’s your pearls of wisdom.”
- Karen RothWarren Buffett, Melinda & Bill Gates
The Next Generation & GivingPhilanthropy 3.0
Social Investing
Social Return on Investing
Social Entrepreneurship
Social Finance
Social Capital
Shared Value
Collective Impact
Social Innovation
Social Good
Patient Capital
Co-Operatives
Where Giving Meets Investing
Definitions
Social Good: A good or service that benefits the largest number of people in the largest possible way.
Source: www.globaltrends.com
Social Innovation: A novel solution to a social problem that is more effective, efficient, sustainable, or just than existing solutions and for which the value created accrues primarily to society as a whole rather than private individuals.
Source: www.ssireview.org
Definitions
Social Return on Investment (SROI): A framework for measuring and accounting for the social, economic and environmental value that results from our activities, using monetary values to represent them.
Source: www.thesroinetwork.org
Social Investment: The term ‘social investment’ is often used to describe an investment in social or environmental outcomes combined with financial returns for the investor.
What is Strategic Philanthropy?
The process of identifying what you want to see society look like, and using philanthropy as one of the tools for achieving that vision
The Charitable/Philanthropic Plan is the coordinated steps in achieving the vision
A more active role for the advisor in social asset management
Private
Public
Charitable
And now there is the 4th leg – Social Enterprise: Using profit as a means to an, not the end itself.
Non-Traditional PhilanthropySocial Impact Bonds, Community Impact Bonds, Co-Operatives, Patient Capital
For Profit Social Enterprise
Village Capital*
Private equity placement in local social businesses
Co-Ops
Patient Capital
B-Corps
Community Economic Development/Social Biz Investments (BC, MB, NS)
L3C’s (US)
Crowdfunding: Awesome FoundationThe power of the crowd
Micro-Lending
Fast Pitch, PhilanthroPitch, Change Tank, Hack-a-Thon
#Hack4Good
#DataForGood
What Role Do You Play?
Investment advisor
Vetter of options
Transactional
Solution creator
Asset manager
Sponsor
Participant
Consumer
Connector
Information OverloadPhilanthropy in a Digital Age
“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
Transparency, Accountability and “Co-Opetition”
What to look for?
Program Implementation - Success rates Capacity to report on long
term effectiveness What is success?
Financial Management- Solution to Social Problem Fundraising Overhead Operational
Effectiveness
Competitive Analysis
Leadership Qualifications History & Connectedness Board engagement
Corporate Structure Strategic v. Operational Board Policies to protect donors and
clients D&O Insurance
Measuring ImpactHow
Activity #2 – Gut Check
-6 -4 -2 0 2 4 6 8 10
-6
-4
-2
0
2
4
6
8
10
Impact
Which organization would you invest in?
Is it better to have low overhead? Why?
When you invest in social issues, is it to solve a problem, generate a solution, or
support a charity?
Should the objective be to have a charity close?
The Business of Philanthropy
Measuring Value
Realizing Value
Enhancing Value/Creating Value
Generating Social Capital
Social Return on Investment Audit
Strategic Philanthropic Plan
Howard Johnson – Corporate Valuation
Collective Impact
Source: Collective Impact – Kramer, FSG Consulting
New Economic Models
The Sharing Economy Latitude Research
The Creative Economy Richard Florida
New Wealth The Emergence Collective
The App Store Economy Digital Buzz Blog
Idea Economy iGenTribe.com
How we can helpResources to help you help your clients
Unique Funding Models
ShareRESP Performance based investing
Gender Identity Fund Site Visits
Micro-Foundations (online) myPlace2Give
Sponsor Energy Bond and loan
Benefits Retains assets under management (AUM) across generations
Provides targeted marketing data
Links CSR/Community Investment/Corporate Citizenship to a broader community
Creates shared value
Generates additional revenue through new product offerings
Competitive advantage
Opens new markets in “Snowbird” communities
Opens new accounts for the Next Generation
Donor Bill of Rights
Charter of Ethical Fundraising
Philanthrocapitalism
Giving 2.0
Giving Well
The Art of Giving
End of Fundraising
Impact Assets
Uncharitable
The Creative Class
The Blue Sweater
Soul of a Citizen
The HIP Investor
Harvard Business Review, Stanford Social Innovation Review
Blogs: DexterityConsulting.ca Philanthropy.com SocialFinance.ca
Resources & Book List
Contact informationGena Rotstein, Chief [email protected] @Place2Give @DexterityConwww.place2give.comwww.dexterityventurs.com
Online giving &
ATM giving Alternative credit
scoring
Deeper understanding
of client segments
Integrating CSR directly to customer experience
