charitable giving with david russell

Charitable GivingHow Hard Can It Be?

David O. RussellPresident

Philanthropology, LLC

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What is Philanthropy?Loving mankindAn active effort to promote human welfareDispensing or receiving aid from funds set aside

for humanitarian purposesCharitable givingDonation of time, goods, money, etc.

Philanthropology - David O. Russell

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Why Do We Give?Individuals – Emotion, faith-based Personally Donor-advised funds,

private foundations

Companies Small Companies –

Personal or delegated Large Companies –

Professional staff, separate Foundation


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Why Should Businesses Give?


Internal Benefits• Tax exemption• Helps retain/attract employees – builds loyalty• Leadership/development opportunities

External Benefits• Improved customer loyalty• Enhanced reputation and brand awareness• Can influence purchase decisions• New and enhanced relationships with key leaders• Build business relationships with non-profits• Builds a better community

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How Much Is Given?

Individuals $258.51 B

Foundations $53.97 B

Be-quests

$28.13 B

Corporations $17.77 B

2014 Contributions - $358.38 Billion!


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Where Does It Go?

Religion $114.90

Education $54.62

Human Services $42.10

Gifts to founda-tions $41.62

Health $30.37

Public-society benefit $26.29

Arts, culture, etc. $17.23

International af -fairs $15.10

Environment/animals $10.50 Gifts to individuals $6.42

All Numbers are in billions


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Trust but Verify!

Confirm tax-exempt status – 501c3

Do a quick check: Charity Watch at

www.charitywatch.org Charity Navigator at

www.charitynavigator.org Better Business Bureau’s

Wise Giving Alliance at www.give.org


http://www.charitywatch.org/

http://www.charitynavigator.org/

http://www.give.org/

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What Are My Giving Options?Donor-advised Funds

Administrative ConvenienceCost Savings vs. FoundationMainly for individuals

Private FoundationCan accept wider range of assetsDonations controlled by a board

Direct GivingGreater demand on staff resourcesMay require assistance from outside consultant


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Giving Tips For BusinessesCreate clear

responsibility inside and outside your organization

Establish target areas for your giving Connection to business Limit to maybe 3-5 Leave room for Misc.

Use the Internet for accepting and managing grant requests

David O. Russell817-455-3187www.russellgiving.comdavidrussell@russellgiving.comwww.linkedin.com/davidorussell


http://www.russellgiving.com/

mailto:[email protected]

http://www.linkedin.com/davidorussell

Charitable GivingHow Hard Can It Be?

David O. RussellPresident

Philanthropology, LLC