Muhammad Babangida | Philanthropy

Muhammad Babangida is a committed philanthropist from Nigeria

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Characteristics of the Best Philanthropists

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On March 31, 2022

In Community Engagement, Muhammad Babangida, Philanthropy

People who are philanthropists are individuals who want to make a positive difference in the lives of others through the donation of their assets and services. They come from various socioeconomic backgrounds, and there are many characteristics that they share.

  1. Desire to Improve Lives

People who are philanthropists show a deep concern for the well-being of others. They do not expect recognition or compensation for their efforts.

  1. Understand Others’ Struggles

Philanthropists are likely to be sensitive to the struggles of others. They are obligated to do what they can to make them better.

  1. Strong Social Awareness

Philanthropists are also open-minded individuals who are aware of their surroundings. They seek to understand the motivations of others in order to improve their lives.

  1. Future-Focused

People who want to make a positive difference in the world tend to look beyond the immediate issues and focus on the long-term goals of improving society. They realize that it is important to address the underlying issues in order to make lasting changes.

  1. Involved in Government

As philanthropists, they are also advocates for political change. They believe that it is important to advocate for social change in order to make it happen. This is because it allows for progress on a broader scale.

  1. Tackle Individual Issues

Instead of supporting organizations, successful philanthropists seek to support specific causes. They first identify the issue they would like to see change in, then look for organizations that can help make it happen. They then use their own resources and those of other groups to find the best solution.

  1. Utilize Business Principles

Philanthropists typically look at their contributions as an investment in society, and they use the money and resources efficiently. Similar to business leaders, successful philanthropists use their networks to promote a cause. They do not exclusively support nonprofit organizations, but they also support for-profit ventures and legislative initiatives.

 

How to Make the Most of Crowdfunding

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On February 23, 2022

In Muhammad Babangida, Philanthropy

Many organizations rely on crowdfunding to raise money in today’s economic climate. In the case of organizations like museums and other cultural institutions, crowdsourcing is a viable option that they can use to create an educated and diverse audience and a robust network of financial supporters. How then can they make the most of crowdfunding?

 

Deciding What to Crowdfund

Before going any further, it is essential to understand what they are attempting to get funding for. Depending on the nature of the project and its level of interactivity, several different goals could be established. From an institutional perspective, one could create a foundation for future development or provide a platform for current events.

For an individual project (such as a film), the backing would be used as an element of motivation or perhaps as seed money to get things moving in the right direction. Other objectives, such as those that are more altruistic, might include using crowdfunding to start or bolster nonprofit initiatives or simply bringing in additional funds to support an important cause.

 

Selecting the Right Crowdfunding Platform

There are several different crowdfunding platforms and sites available to use. One option would be to set up and run one’s platform. However, this is often impractical if one attempts to raise capital for an event or project that can occur over a reasonably short period. For that reason, several options are available to help facilitate the project and meet the funding goal. One option would be to partner with a platform that has already built up a large volume of backers and investors. Of course, in some cases, the platform may not have the right features, or it may not have enough of them to meet the required specifications. In that case, it may be better to create a site of one’s own.

Whatever the case may be, it is vital to have a platform to meet the project’s needs. In some cases, this will mean integrating crowdfunding into an existing site or creating a dedicated platform for crowdfunding. Regardless of the potential drawbacks and costs associated with such action, the end goal should be getting as much money through crowdsourcing channels as possible.

 

Identifying Potential Backers

Backers are located once a crowdfunding campaign is launched and the goal is set. There are a variety of methods that they can use to identify backers. One can use a dedicated page for advertising the project by reaching out to various groups and organizations or social media. Another option would be through a site that has been designed exclusively for this purpose.

These sites often require a small fee for the use of the platform. However, getting a single site to handle all needs can be worth it. The site also serves as an excellent way to update backers and keep them engaged throughout the campaign. It is essential that backers are kept informed about the project and provided with opportunities for involvement in both aspects and events related to said project.

Growing Community Engagement For Your Small Business

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On November 5, 2021

In Community Engagement, Muhammad Babangida, Philanthropy

Just as your business is integral to building a thriving economy for your community, a community is vital to succeeding as a business at all. Community involvement allows businesses to build relationships with their consumer base, increase brand awareness, and further their visibility and outreach. No matter how it’s done, business owners should encourage community members to get involved with their business to build customer loyalty and increase the overall benefits for both the community and the business. 

 

That being said, it’s not as easy as someone snapping their fingers to create an engaged community, nor can a business expect its community to engage with it at every opportunity presented. Business owners need to put in work if they want their community to actively engage with them and further their presence in the community.

 

One thing many business owners forget is that their community is made up of people. Social media makes it easy to forget that a community is more than accounts on a screen; though beneficial, the human aspect of engagement should never be forgotten. This goes for both the consumer and the employees running the social media accounts: everyone is human, so everyone should be treated as such. Additionally, social media takes away the all-important face-to-face interaction that many clients and businesses need to build a lasting relationship. When possible to meet face-to-face safely, encourage in-person interactions, and take advantage of the human aspect of relationships.

 

Engagement doesn’t all fall onto the business owner, however. Employees are just as vital in creating community engagement and connecting with others, so they should be encouraged to become involved with local organisations related and unrelated to work. Connections aren’t kept to one place—they can form anywhere. It’s vital that businesses support their employees, then, so that they can pursue interests outside of work and create these lasting connections.

 

Another way to engage with the local community is by being completely transparent with customers and overcommunicating. If there are big changes coming to the business, communicate those changes and the reasoning behind said changes prompt; if possible, let people know about it in advance. Overcommunicating is better than under-communicating, and customers deserve to know what decisions are being made. If they are kept in the loop, they are much more likely to be supportive of a business. 

 

For the biggest impact on a community, business owners should get themselves involved in community initiatives. These can often be found on the local municipality website; cities, villages, and townships are likely to post important initiatives to their municipality site. If any questions arise, simply talk to the local city administrator or clerk to ask how to get involved.

How Your Company Can Include Philanthropy in its Culture

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On November 5, 2021

In Community Engagement, Muhammad Babangida, Philanthropy

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.

6 of the Best Charities to Donate to Today

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On October 30, 2020

In Community Engagement, Muhammad Babangida, Philanthropy, Uncategorized

After deciding to support a charitable organization financially, the next procedure is looking for a legitimate non-profit organization that will use the donations to make meaningful impacts. Sorting out through the hundreds of non-profit making organizations to verify their credibility may be cumbersome. However, the following are the best charities to donate funds to.

United Way Southeastern Michigan

It is an organization that specializes in the mobilization of Southeastern Michigan and Detroit’s caring power. Besides, they are improving individual and community lives in lasting and measurable ways. They achieve their goal by empowering and improving each family’s lives to become successful through health, economic prosperity, and education.

Hand and Feet 24/7

The Hands and Feet 24/7 mission has established a gathering space beneficial to the SC and Taylors. Additionally, the organization has been formed to establish and facilitate job training, promoting Gospel-centered education and community development programs.

Keeping Blues Alive

The Blues Alive foundation aims at fueling the music passion through the funding of scholarships and programs. It helps the teachers and students who have musical talent, but resources deny them the chance to achieve their desires.

Wishwall Foundation

Wishwall is a non-profit organization. The organization’s principle is giving voice to the voiceless and assisting them in making their wishes come true. Besides, the Wishwall foundation is known for its multi-faceted nature. It mainly consists of Wishwall in all cities and the Wishwall online. It gives individuals the chance to show their wishes. The foundation also encourages people to help one another and ensure all people achieve their desires and dreams.

Kyyba Kidz Foundation

Foundation formed as a dedication in assisting the underprivileged individuals and orphans in raising the required resources using community participation. They help kids achieve great heights by ensuring they are active partners by participating fully to get the necessary capital for orphan’s education.

Global Giving Foundation Inc

An organization that connects the companies, donors, and nonprofits to donate. They help the nonprofits from Zimbabwe to Afghanistan access the support, training, and tools they require to make the world more convenient.

Conclusion

Having gone through the best organizations to donate your donations to, you can now make your choice. The donations will be used in the right manner and greatly help many needy people.

Why Risk is Necessary in Philanthropy

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On September 30, 2020

In Community Engagement, Muhammad Babangida, Philanthropy, Youth Philanthropy

It is sad to note that philanthropy is not as impactful as it should be. This is due to many philanthropists being afraid to be bold and take risks. Many want to stick to the traditional form of philanthropy of giving out funds without creating meaningful impact.

Also, there is no open discussion about risk in philanthropy. In the world of philanthropy, calculated risk is essential. Philanthropists invest money to achieve specific results. And just like any other investment, there is an interplay between risk and return in philanthropy.

There is a system failure in the world today in that philanthropists do not get the impact they intend. For instance, MacKenzie Scott, the ex-wife of Jeff Bezos, may not achieve philanthropy’s societal impact even though she makes considerable donations to organizations.

Why? Even with her good intentions, MacKenzie Scott is conservative with her approach. She falls into the regular donations rather than fund an unconventional idea that she has passion. Her donations cut across organizations fighting racism, climate-sensitive organizations, and pro-democracy groups. She may be creating an impact but not to the extent the colossal donations should. She can do much more.

Scott is not the only one taking this traditional philanthropy approach. Others, like Jack Ma and Larry Ellison, have followed suit. Don’t get me wrong, there’s nothing wrong with their intentions. However, they can achieve much more impact.

You might be wondering how they can do this. Donors can disrupt the philanthropy world through catalytic philanthropy. This approach is different from charitable donations. It goes beyond writing a cheque. The philanthropist goes a mile further to research the source of the problem facing society. Instead of pouring money into the problem, the philanthropist establishes the root cause first. That’s results in using the power of money responsibly.

Catalytic philanthropists do not ignore the aspect of risk. Otherwise, this would jeopardize the impact of their funding. They, however, assess and measure risk vis a vis the return of their donations. This strategic philanthropy embraces risk through progressive risk management systems. With this approach, they develop disruptive solutions to the world’s challenges.

To wrap things up, philanthropy is not as simple as just giving donations. Until risk-taking becomes the norm, philanthropists will miss the chance of maximizing impact. Risk is about being quick and reacting to the environment to provide customized solutions.

Check Out These Great Podcasts If You Love Philanthropy

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On August 29, 2020

In Community Engagement, Muhammad Babangida, Philanthropy, Youth Philanthropy

Podcasts have become immensely popular in recent memory and they can be great sources of entertainment, knowledge, and news amongst other things. If you’re interested in philanthropy, charity, or nonprofits, podcasts can be an invaluable resource. You can hear so many perspectives on various social issues as well as how you can help and there are so many different podcasts out there. Here are a few great podcasts about philanthropy.

The Business of Giving

If you’re looking to hear possible solutions to social problems throughout the world, check out The Business of Giving. This show is hosted by expert philanthropist Denver Frederick, and every week he invites various philanthropists, social entrepreneurs, and nonprofit experts onto the show to discuss these social problems. With Frederick’s 40+ years of experience and the knowledge of these various experts, they dissect these social problems and try to come up with possible things we can do to solve them.

Futures in Fundraising

If you’re passionate about fundraising and want to know more, check out Futures in Fundraising. Every episode you’ll learn something new on topics such as using your organization’s data for good, advancing careers in development, or just new ways for you to give. They often provide great tips as well, just in case you decide to become a professional in the fundraising world. Every episode features an interview with someone who went on their own fundraising experience where they experienced both highs and lows.

Nonprofits Are Messy

Running a nonprofit organization isn’t easy. There are so many different aspects to think about and as host Joan Garry would put it, they’re messy. In her show, Joan discusses topics such as marketing, leadership, fundraising mistakes and so much more. Practically everything you can learn about nonprofits is discussed in this show, making it the ultimate resource for anyone wanting to improve their own organization.

The Important Podcast

The reason people become philanthropists or decide to work with nonprofits often comes down to one thing: they want to help people. The work they do is ultimately meant to serve those who are in need, and that’s exactly what The Important Podcast is all about. Each episode features inspirational stories of people helping others with an important mission to share these stories to as many people as they can.

The Biggest Trends In Philanthropy for 2020

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On July 1, 2020

In Community Engagement, Muhammad Babangida, Philanthropy, Youth Philanthropy

As the world evolves, philanthropy evolves as well. People are always finding new ways to give back and make a difference in the world, regardless of the obstacles they may encounter. While we’re halfway through 2020 and things are much more complicated than many expected in the world due to the global pandemic known as COVID-19, many trends are still occurring or can be expected to occur. Here are a few of the biggest trends we’ve seen and will continue to see in philanthropy as 2020 continues. 

People Will Continue To Give Regardless Of If It’s Seen

While it can sometimes be hard to believe, people are giving back more than ever nowadays. The biggest difference is that you don’t always see people giving back to a charity. Many Americans give to crowdfunding sites such as GoFundMe, or will try and raise money or needed supplies for families that are struggling. GoFundMe says that a new fundraiser is started on their site every 8 seconds, which is mind blowing to think about. More than ever people are trying to do better regardless of whether or not it makes them look good, and many are trying to make sure those donations go directly to the people in need as opposed to the organizations that act as intermediaries.

Philanthropy May Become More Polarized

With the 2020 presidential election fast approaching, many people will begin to donate to causes that may be the focus of some political conversations. This is commonly called “rage giving” and isn’t always the greatest way to approach philanthropy. This political polarization can cause larger funders to shift the way they approach their charitable giving, such as funders adopting a non traditional “charitable” LLC which helps them engage in policy debate more.

Tech Will Move Philanthropy More Than Ever

This trend likely doesn’t come as much of a surprise, and will also be a trend that we see for years to come. As time passes, technology becomes better. This is only inevitable, and the better tech becomes, the more people will utilize it to make their lives easier. This can be seen with philanthropy as well. Due to mobile phones and the existence of apps on our phones, it’s faster and easier than it ever has been to vet a nonprofit. They allow us to give to the causes we choose almost instantly, and it’s even easier to share that with our friends and family in hopes that they will also give back.

How to Handle Donor Fatigue the Right Way

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On June 29, 2020

In Community Engagement, Muhammad Babangida, Philanthropy, Youth Philanthropy

A lot of organizations dread to hear the words donor fatigue. It means that there is a lack of cash flow, which can be intimidating to think about. However, there is are ways to remedy donor fatigue.

 

Host Engaging Events

If people aren’t engaged, they likely will not feel inclined to make donations. It is important to create a comfortable space that promotes socialization. One great way to make the events comfortable for donors is to host events that are not fundraising events. The organization does not have to pour a lot of money into these events. Hosting events that are not meant to bring in donations allows donors to create relationships and learn about the cause in a no-pressure environment.

 

Communication is Key

Donors need to know where their money is going and the impact it is having. If the organization does not have a consistent way to communicate with donors, it needs to get one stat! This can be through a newsletter, social media page, or even text updates. There are plenty of tools available online to help automate this process if the organization has a large number of donors.

 

Find Out Why Donors Leave

It is no surprise that the business will lose some of its donors eventually. Use this opportunity to learn why the donor stopped donating. This information is valuable as the business continues to grow its relationships with donors. Be sure to ask in a courteous and non-obtrusive way in order to keep the relationship with past donors positive.

Understanding Trends in Online Fundraising

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On January 13, 2020

In Community Engagement, Muhammad Babangida, Philanthropy, Youth Philanthropy

Americans are very giving as a culture. As technology evolves, it’s become important to target potential donors online. One example of this is the COVID-19 epidemic. Where traditionally many museums and other non-profits hosted big parties to raise money, many of those events have gone online. Organizations that have been light on their feet and quick to adapt have been able to continue to raise funds in spite of social distancing.

 

 Text-to-donate has also grown as a way to reach donors, particularly younger ones. People today are increasingly attached to their mobile phones. Smartphones have become the main place people organize their lives in many ways. And donors are willing to give via text in many cases. Organizations like the Red Cross have utilized this model with great success. Donors text a specific number, usually a 5-digit code. Donors are also willing to give to smaller, local charities they feel personally connected to with this model. Of course, it’s important to make sure donors are aware an organization is able to accept funds this way. Messaging via email or postal mail is a great way to make them aware of this. There are different software programs available to set this up. 

 

 Peer-to-peer fundraising is also a wonderful way for charities to increase online donations. Peer-to-peer means that people from the community ask their friends and family for donations. This is often done as a birthday fundraiser on platforms like Facebook. It’s a great way to keep giving at the forefront of a donor’s minds.

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