Make More impact
Your source for advice on all things giving, philanthropy and impact investing so you have the confidence to give, give more, and give more effectively.
Note: GivingFund is a nonprofit organization registered in the state of California. The aim of our blog is to educate and inform everyday individuals on strategies to be more effective philanthropists. We do not provide investment advice. Just so you feel extra comfortable, here’s how we make money.
Significant, system-breaking change takes time - and the impact of a movement is not always clear at first. Here are three questions to challenge your current approach to creating real, large-scale impact.
If you were alive in 1955, would you have funded the Montgomery Bus Boycott?
Today, what data do you need to see before making a donation?
How diversified is your giving portfolio in terms of “time to impact” and “method of change”?
Three Things to Know:
If giving back is important to you, and you’ve considered starting a scholarship fund or some other endowment in the future, we’ve got some good news:
You don’t need to be a millionaire to endow a scholarship. You can start today. Like, today Today.
If you can save 2% of your salary, you could create a multi-generational legacy in just 5 years.
Using a Donor Advised Fund (and some quick spreadsheet math) can help you reach your scholarship Goal faster through better investment returns.
Finding the right philanthropy strategy is a lot like finding the right investment strategy. Consider making your decision based on:
Time Horizon: When will your impact materialize?
Risk Tolerance: How willing are you for the program to fail, in the hopes of a major success?
Thematic Area: Which impact area(s) do you want to focus on?
Liquidity: How much of your donation strategy is ad-hoc, versus long-term?
Diversification/Asset Allocation: How do you balance your portfolio across organizations, and how many organizations do you choose to give to?
Hitting your philanthropy goals starts with having a philanthropy goal. Use these recommended methods to:
Avoid getting stuck in old charitable routines, even when your lifestyle changes
Hold yourself accountable to your goals and impact priorities
Find a way to connect with your community and get advice on philanthropy decisions
Donor Advised Funds are a tool used by the wealthy to maximize the social and financial impact of their giving. GivingFund makes it possible for everyday people to get access to Donor Advised Funds as well. Consider using one if:
You want to be more strategic and thoughtful about the amount of money you give to charity, and reflective of where it goes
You want to use tax deductions to your advantage and potentially develop a multi-year tax strategy
You want to be able to invest your philanthropic money in impact investments before you give it away
Impact Investing is no longer just for the super wealthy. If you can relate to one or more of these scenarios, there may be a retail product for you:
You’re looking to have a single provider for investments, checking and IRA, try: Aspiration