Download - Charitable Giving with David Russell
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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
Philanthropology - David O. Russell
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Why Should Businesses Give?
Philanthropology - David O. Russell
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!
Philanthropology - David O. Russell
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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
Philanthropology - David O. Russell
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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
Philanthropology - David O. Russell
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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
Philanthropology - David O. Russell
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Charitable GivingHow Hard Can It Be?
David O. RussellPresident
Philanthropology, LLC