Muhammad Babangida is a committed philanthropist from Nigeria

Tag: Giving Back

Recent Changes in Philanthropy Trends

During the COVID-19 pandemic, Americans gave more to charity than ever before. This was the third year in a row that they had raised more than they had in previous years.

 

Unfortunately, inflation is affecting Americans’ finances and their generosity. In addition, donations to charitable organizations are expected to become scarce due to the recession.

 

If the charitable tendencies of Americans are affected by the current economic situation, it could end a brief but essential surge. In 2021, the country’s donations to philanthropic organizations reached a record $485 billion

 

A survey conducted by the Harris Poll revealed that about 70% of Americans donated their time and money to various charitable organizations in the previous year. Some key trends that can be expected to affect the operations of these organizations include a possible increase in volunteering.

 

Generational Differences

The way a charity receives support may depend on the supporters’ age. For instance, younger Americans are more likely to donate their time and money to charitable organizations. On the other hand, older generations are more likely to cut checks.

 

The breakdown of the data shows that younger Americans are more likely to give their time and money to charitable organizations. For instance, almost half of those aged 44 and below volunteered in the previous year, as opposed to 31% of their elders. They also attend various events supporting the cause.

 

The survey findings suggest that the younger generations are more likely to carry out activism through their older years. In addition, they are also more likely to donate their time and money to in-kind donations. This suggests that their charitable tendencies may reflect more than just their means.

 

If the charitable dollars are not enough to support the operations of charitable organizations, they should start reaching out to the younger generations. This can be done by recruiting grant writers and business development professionals. In addition, they can also encourage individuals to become pro-bono fundraising consultants.

 

Demographic Differences

When it comes to volunteering, men are more likely than women to support organizations that deal with disaster relief, community development, and the military. Conversely, women are more likely to donate their time and money to religious and animal welfare groups.

 

Different reasons explain why people give. For instance, men are more likely to support a cause by making a financial contribution in the past year. On the other hand, women are more likely to support a specific organization due to their desire to give back.

 

The support given by older Americans to human services-focused organizations was much greater than that provided by the younger ones. For instance, over three-quarters of those over 45 gave to these organizations, as opposed to only 16% of those under 45.

 

Younger Americans were more likely to support educational organizations than their elders, who were more likely to donate due to their recent school experiences. Also, parents with children under 18 were more likely to contribute to these groups.

 

The uncertainty caused by the current economic situation can stimulate the creativity of charitable organizations. As a result, they have to shift their focus from their traditional message to appeal to more support.

 

Why Collaboration Is Key in Philanthropy

According to foundation leaders, collaboration is essential to achieving their goals, and various resources are available to help them develop and implement effective strategies. In research, 59 percent of chief executive officers identified collaboration as a vital strategy for increasing the impact of their organizations over the next couple of decades.

 

Due to the emergence of the COVID-19 pandemic, many foundations have combined their efforts to address the issue. For instance, Grantmakers in Health, a peer-reviewed journal for health philanthropy, has created an e-community for sharing information and strategies related to the disease. 

 

According to a new report, collaboration is critical to achieving their goals and is also very important to the success of their organizations when it comes to influencing public policies. The report states that over 80 percent of chief executive officers of foundations actively participate in collaborative efforts when it comes to influencing public policies.

 

Funders

According to the Policy Influence report, foundations are most likely to collaborate with other philanthropic and nonprofit organizations. They also frequently participate in formal initiatives and programs designed to improve their organizations’ effectiveness. These include joint efforts and initiatives led by regional and issue-based foundations.

 

Some foundations also work informally by signing letters to promote policies or coordinating grantmaking efforts. They can also participate in programs and initiatives designed to improve their organizations’ effectiveness.

 

Government

According to many foundation leaders, collaboration with the government is vital to achieving their goals. It allows them to communicate their message and raise awareness about the issue effectively.

 

One example of a successful collaboration between the government and the private sector is the development of a criminal justice model that was designed to reduce the homicide rate in a city. The model was developed through a collaboration between the Mayor’s Office, the Police Department, and the District Attorney’s Office.

 

Most foundation leaders also said that their organization’s long-term commitment to working with government officials is significant. A survey showed that 79 percent of the organizations that operate outside of grantmaking regularly develop and maintain relationships with local elected officials.

 

Solid relationships with local officials allow foundations to assess their goals and participate in meaningful discussions about the government’s policies.

 

One example of this is how a foundation connects with state legislators by reviewing their constituents’ needs and wants and finding relevant research that the organization’s partners or grant recipients have created. Another CEO noted that their organization works with state agencies to develop effective workforce development strategies.

 

Multi-Sector

According to the leaders of several major foundations, multi-sector partnerships are critical to achieving their goals. One example is how their organization works with state agencies and other organizations to develop effective community development strategies.

 

One example of a successful collaboration between the government and the private sector is the development of a state-wide partnership between various groups to increase the availability of affordable housing.

 

The Art of Storytelling for Nonprofits

Stories have been around for thousands of years. From ancient Egyptian texts to cartoons, the human brain has been trained to absorb information through the medium of storytelling. Due to the increasing number of businesses using storytelling techniques to entertain and inform their audiences, it has become a common buzzword in corporate circles. Unfortunately, many organizations are not taking the time to learn how to use storytelling to motivate and engage their donors.

 

Ingrain Storytelling in Your Culture

Creating a culture that values storytelling involves making it an integral part of your organization’s operations. This can be done by developing multiple programs and activities, such as your fundraising efforts and meetings. You should also encourage staff members, volunteers, and board members to share personal stories about how their organizations have impacted them. Before you start implementing storytelling techniques, make sure that everyone knows how important it is to have a plan. Having a strategy in place will allow you to identify potential stories that will benefit your organization’s supporters.

 

Place Stories Strategically

Your organization’s mission statement is essential, but many organizations display it in a lackluster manner. Instead of having a few sentences, try creating a video that showcases the organization’s real-world impact. Social media and blog posts are the most critical platforms for storytelling. It can help you spread your message without being in-your-face marketing. Some content suggestions you can create include interviews, autobiographies, and first-hand experiences.

 

Although storytelling is commonly utilized in written form, video content is becoming more popular. It can be as simple as taking a video of an event and posting it on Facebook or Instagram. By diversifying your delivery, you can reach a wider audience and increase your chances of being seen by more people.

 

Follow Proven Story Structure

One of the most critical factors you should consider when developing a story is the beginning, middle, and end. A compelling story structure can help you build a strong relationship with your audience. One of the most effective ways to show how your donors can make a difference is by having a happy ending. One of the most critical factors you should consider when developing a story is the details of the individuals and their families.

A History of Philanthropy

 The concept of charitable activity is deeply rooted in human nature and has been apparent across millennia. Understanding the history of philanthropy helps us know how this impulse has developed.

 

Religious Motivations

Before the Greek word philanthropy was coined, people served the poor by providing them with their resources. In addition to being religious, many of the most fervent servants also practiced charitable principles. During the 1500s, awqaf and other Islamic principles allowed for generous service in the Ottoman Empire. These principles continued to influence philanthropy throughout history.

 

Early Centralized Philanthropy

As the power structure became more centralized, more state-sponsored philanthropy was possible. Some examples of this include China and Rome. During the reign of Augustus, he used the empire’s funds to provide financial assistance to thousands of individuals. During the 10th century A.D., China’s Song Dynasty started allowing for the establishment of orphanages, soup kitchens, and other programs that were not always supported by the succeeding dynasties. In the 17th century A.D., the country became one of the first countries to provide senior citizens with homes.

 

Early American Giving

The spirit of fleeing persecution inspired many people to give. This was also reflected in the movement toward philanthropy in the U.S. One of the most prominent individuals who contributed to the development of this movement was Cotton Mather. His essay, “Essays to Do Good,” was published in 1710. His work propelled wealthy individuals to give generously during the Industrial Revolution. John Rockefeller and Warren Buffett are some of the most prominent individuals who contributed to the development of philanthropy. Both of these individuals made significant donations to various charitable organizations.

 

Reforms in the 20th Century

During the 20th century, many individuals gave to support various causes, such as those related to the war in Afghanistan and India’s freedom from Britain. This movement led to increased charitable giving in the U.S. Today, many of the country’s households are dedicated to addressing environmental and poverty issues. Additionally, many individuals volunteer their time and skills to help needy individuals and nonprofits. Participate in a long tradition of philanthropy today by sharing your wealth or your time!

 

How Education Improves Communities: Part 2

Communicating effectively is very important in building a community, as it can prevent people from developing strong and trusting relationships. Having the right education can also help people develop a better understanding of different cultures. Aside from improving communities, education can also help people find jobs and make more money. 

Fosters Problem-Solving Skills

Having the proper education can also teach people how to think critically and make sound decisions. When they become adults, they face various financial issues, such as paying off student loans and buying a house. The necessary skills and knowledge can help people make sound decisions on these issues. Besides being able to form their own opinions, people also need the necessary knowledge and skills to make sound decisions. The proper education can help them find reliable and solid evidence to support their choices.

Strengthens the Economy

People with good academic backgrounds are more likely to get well-paying jobs. Those with high achievements and degrees are also more likely to have opportunities to transform their lives. Individuals with poor backgrounds are more likely to experience poverty but have high chances of improving their lives through education. Having the proper education can additionally help countries grow economically.

Promotes Peace

The importance of education is acknowledged because it allows individuals to improve themselves and contribute to their communities. Learning will enable people to live in harmony with one another because everyone has something to contribute. Instead of focusing on their differences, people will start appreciating one another due to their diverse backgrounds. Learning about the world can also help people feel more compassionate toward others. Having the necessary knowledge and skills can additionally help people develop a better understanding of different cultures.

Provides Tools for Success

Besides being able to improve communities, education also provides children with an opportunity to pursue their goals. It’s important to note that having the proper education can help children feel optimistic about their futures. Having the necessary tools and resources can help them succeed in their path. Having other people’s support can also help kids feel more comfortable during times of need.

Having the right education is also very important in building a better future for everyone. It can help people develop the necessary skills to face any challenge that they encounter. It can additionally help people establish peace in society.

Fundraising Tips for Nonprofits

A successful nonprofit fundraising campaign is a vital part of any organization’s operations. It can help raise awareness for a cause and attract more donors.

It can be a daunting task for a charitable organization to raise money. Since it’s likely that your primary source of income is through donations, fundraising can be a long and challenging process.

Nonprofit fundraising should be learned and mastered. Having a well-designed fundraising plan can help prepare your volunteers and ensure that the organization is successful. Here are some crucial steps to follow.

  1. Set Goals and Plan Messaging

Before you start a fundraising campaign, it’s important to set goals and objectives. These should include the end goal and the overall plan for the year.

Before setting a fundraising goal, it’s important to determine the organization’s needs. Then, return to the mission statement to figure out what the money will be used for.

Your mission statement should also be written to guide the donors’ questions about the organization’s goals and mission. Having a clear and concise mission statement can help raise awareness about the organization and its work.

Make sure to also tell the stories of the people who you help. A study conducted in 2010 revealed that most donors choose to give due to their own preferences and personal experiences. A partiality for certain causes can also be triggered by a donor’s personal experiences. Having a compelling and uplifting story can also help motivate people to give.

Most donors research a charity before giving, so having a well-written and uplifting story on your website can also help boost donations.

  1. Make a List of Potential Donors

Before you start a fundraising campaign, it’s important to identify the people who are most likely to give to your cause. You can also enlist the help of your board members and volunteers to create a list of potential donors.

Having a well-written and uplifting story on your website can also help boost donations. Having a prospect list can also help guide your campaign promotion. It can be done through various forms of fundraising, such as social media, direct mail, and sponsorships.

  1. Plan Your Campaign

This step will help you determine the exact strategy and tactics that will help raise money for your cause. Having a clear understanding of the goals and the various ways that donors can give will help boost your fundraising efforts.

Before you start a fundraising campaign, it’s also important to determine how you’ll promote it. This step will help determine the various elements of the campaign that will be used to raise money for the organization.

Although the goal of a fundraising campaign is to raise money, it’s also important to determine how you’ll promote it. This step will help you develop a strategy and tactics that will work for your organization.

One of the most important steps that you should consider when it comes to establishing a fundraising campaign is to establish a recurring donation program. This can help boost donations and prevent you from having to spend a lot of money on ongoing fundraising. A monthly giving program can allow you to receive a steady stream of donations.

  1. Thank Donors

Although it’s important to establish a fundraising campaign, it’s also important to thank your donors and supporters. This can be done in a variety of ways, such as by sending a thank-you note. However, it’s also beneficial to build a stronger relationship with your donors.

Being loyal to your donors is as important as maintaining a good customer relationship. Having a strong relationship with them can help alleviate the pressure of fundraising. By being transparent about the details of the donations, your organization can continue to grow.

 

Small Steps for Community Improvement

Many people don’t have time to volunteer for community projects amidst busy work schedules and family demands. However, even with busy schedules, there are still ways to make a difference in the community. Here are some small steps you can take to have a positive impact on your community.

1. Shop Local

You can also save money by shopping with local businesses. They often offer free gift-wrapping and delivery services, and a portion of their sales go to the local community.

2. Speak Positively of Your Community

Share positive aspects of your community with other people. Doing so will help boost the local economy and encourage more people to shop locally.

3. Attend Local Events

You can also support local organizations by attending a festival or other event. These are usually fundraisers for local non-profit organizations. By attending, you can help raise money for the organizations.

4. Speak Up to People in Power

Write a letter to your local elected officials and encourage them to make good decisions for the community. Doing so will make them feel valued and encourage them to make better decisions.

5. Cultivate Beauty

Put a plant on your front porch to spruce up the appearance of your home. Doing so will make it look better and make the whole neighborhood look more attractive.

6. Be Neighborly

Take time to cook dinner for an older neighbor and deliver a plate to her next door. Doing this will let you get to know the people in the neighborhood and ward off crime.

7. Collect Donations

You can also help the community by participating in school programs that collect toys, clothes, and food for the less fortunate.

8. Embrace Volunteer Opportunities

If your company has a volunteer program, encourage them to participate in local events and join a civic organization. Having employees represent the company at large events will help boost their visibility.

9. Pick Up Trash

Walk around the neighborhood and pick up any litter that’s left behind. This will help build up your energy and get in some exercise while also cleaning up the neighborhood.

Doing our part to improve the community strengthens our ties with our neighbors and demonstrates what it means to be a good citizen.

 

How Your Company Can Include Philanthropy in its Culture

Corporate philanthropy can be extremely beneficial not just for your community, but for your business’s visibility and reputation within the community you’re located in as well. Whether you’re volunteering in your community, supporting causes you care about, or donating to charitable causes, partaking in corporate philanthropy has an abundance of positive benefits that make it worth considering. You can build a strong sense of community with your employees and customers, give back to your community at large, and become more appealing to younger employees who seek out businesses that hold philanthropy in high regard. 

 

How can you start getting involved in corporate philanthropy?

 

An easy way to start on your business’s philanthropic journey is to offer volunteer time off to your employees. This will give your employees time to support organisations and causes that they hold dear to their hearts while not having to worry about using up precious PTO or taking an unpaid day off to get involved. Having volunteer time off, or VTO, will encourage your employees to become socially responsible and dedicate their time to charitable causes. It will also help attract and retain talented employees for your business.

 

More internally, corporate philanthropy should start with ethical labour practices. You must adopt fair pay for the work your employees put in—their time isn’t worth nothing, after all. Once you adopt ethical labour practices, you can go to your company’s social media pages and encourage your followers and other industry leaders to follow in your footsteps. You can even take it a step further by creating and hosting events that surround this topic for other companies.

 

Perhaps your product or service will be beneficial to others when offered charitably. Businesses can participate in philanthropy by offering their services to others pro bono; ideally, you’ll be offering these services to organisations that are involved in charity work. It’s a great way to build awareness for a cause you care about while helping those around you by doing something within your field of business.

 

Lastly, you could partner your business with a charitable organisation that means something to you. This will offer ongoing opportunities to become involved in philanthropic deeds and show your community that your business is committed to giving back. Charitable organisations can become an integral part of your business model and give new meaning to yourself, your products or services, and your efforts at large.

Is it Important to Reward Donors?

The short answer is yes, it is extremely important to reward donors! When an organization takes the time to reward its donors, they create a long-lasting healthy relationship where both parties feel valued. What exactly is an appropriate donor reward? Keep reading to find out.

 

When considering a donor reward, it is important that the reward does not make the impression that the organization is wasting the donor’s money. The reward needs to be meaningful. This means that the person or organization giving the gift will have to go a bit deeper than a mug, t-shirt, or magnet.

 

One great way to make a connection through a reward is to show that a lot of time has been put into it. For example, make a journal and make specific entries throughout the year that reflect what the donor’s money is helping to do. This will need to be specific for each donor, so get a plan before getting started! Remember, handwritten is always more meaningful than something that is typed. If the time is available, go ahead and handwrite the journal entries.

 

Remember to show personality through the entries. Act as if you are writing to a friend. This will create a conversational tone to the journal and create a deeper connection with the donor. After the donor explores the journal, they’ll feel great knowing where their money went. They’ll also likely look forward to reading another journal next year! This is a great way to form a long-lasting relationship with donors.

 

If the organization has too many donors to provide each one with a handwritten journal, this idea can easily be taken to a digital level. Create a password protected webpage that can serve as a digital journal. Reward your donors with the password so that they can read the journal entries at their leisure. This will serve as great motivation for the organization to keep the journal updates since donors can be checking it at any time. This is also a great way to provide donors with an exclusive look inside the organization. Plus, it is inexpensive for the organization itself!

 

Fundraising Topics to Master

Once the need for huge sums of money arises, a quick solution is to organize a fundraising activity. Fundraising has been a useful tool from time immemorial. However, traditional methods of raising funds are presently under turbulent waters, and this is something that has never been witnessed before. To raise money in the modern times, you do not need to hold a fundraiser since new means of raising money have cropped up. Nonetheless, fundraising is still being utilized even in this new millennium, and it has played a significant part in supporting causes through online platforms as depicted below.

1. Crowdfunding and Social Media

Many established organizations today, an excellent example being our universities, are raising money through crowdfunding. This means of sourcing money has become so prominent that most corporations have incorporated it into their development operations. The new millennium has seen the development of online social forums that have a huge following. Facebook, for example, it has over 160 million American users who, if mobilized, can raise money for charity.

2. Donor-Advised Funds

It is on record that Fidelity Charitable, a donor-advised fund, is offering more support for private courses. For instance, in America, it is on top of the list of not-for-profit organizations that support private programs. Hence, if you are considering conducting a fundraiser in 2017, these firms are an excellent target through which you can tap into their deep financial reserves. They are responsible for having reshaped America’s charity environment. However, to succeed in this, you must be proficient in the art of seeking gifts from them and also know how to draw their interest into your noble cause.

3. Major Gifts and Big Donors

The secret to reaping more benefits from any market is identifying a target and then going a step further to prove its needs. Wealthy donors are always willing to give, but the only way to source gifts from them is by learning what they want first. You must have a competitive edge over other charities to help you to acquire their contributions and also ensure that you have what it takes to get more donors knocking at your door.

4. Year-End Fundraising

If you choose to go with this selection, early preparations and planning are necessary. Making plans and reviewing previous events to obtain helpful lessons come in handy. Moreover, operating on strict timeline for such an occasion ensures that your fundraiser runs smoothly and entirely achieves its set objective.

5. Creative Ideas On Fundraising

The same old notion and theme of fundraisers no longer work as expected. Hence, coming up with something new that will spice up the process is crucial to draw more support for your cause.

Giving is receiving. Unfortunately, the American people are still adamant about this saying, and they derive pleasure and satisfaction in helping others. Hence, if you have a noble cause that warrants financial intervention, it is high time to familiarize yourself with the above fundraising topics for a successful event.

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