march 20 - 22, 2017 the peabody memphis · march 20 - 22, 2017 the peabody memphis march 20 - 22,...
TRANSCRIPT
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March 20 - 22, 2017 The Peabody Memphiswww.adnetconference.org
March 20 - 22, 2017 The Peabody Memphis
www.adnetconference.org
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March 2017
Adnet Session
Navigating Family
Philanthropy Trends#NCFPCF
Tony Macklin, CAP®
Program
Manager
2
Kylie MusolfProgram
Associate
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1. Trends and Challenges
2. Case Study
3. Tools/Tips for Planning Ahead
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Identity ≠ Geography
Community ≠ Geography
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• 80% of older foundations (pre-1970) have a
geographic-based mission
• 60% of newer foundations (post-1990) have
an issue-based mission
• 33% of all family foundations have both
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Informed Americans who don’t trust nonprofits to “do what is right”1 in 3General public less trusting
Trust declined 2008-2016
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Ph
ilan
thro
pic
Act
ion In
vest
Impact investing
Community investment
Crowdfunding
Impact investing & shareholder activism
Venture funds, B-Corps
Some microfinance
Peer lending platforms
Bu
y
Tuition & healthcare
Products & tickets
Nonprofit social enterprises
Crowdfunding
Cause marketing
Responsible purchasing
Sustainable supply chains
Farm and artist CSAs
Fair trade purchases
Sharing economy
Giv
e
Charities, foundations, DAFs, etc.
Other nonprofits
Gov’t agencies
Crowdfunding
Crowdsourcing & co-production, co-working
Remittances
Candidates & bundlers
Crowdfunding, prizes, grassroots $
Nonprofits Businesses Individuals
Recipient of Action
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• 43% expect to add one or more next gen family members to the board
• 28% plan to make fewer but larger grants
• 25% expect a change in leadership
• 12% will expand their mission investing
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Fdns created since 1990:
• 78% have less than $10 million in assets
• <3% have assets of more than $200 million
• 60% expect growth in assets in the next 4 years
• NOTE: 40% of family foundations use a DAF
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DESIRES
Flexible, short-term, task-based work
Personal fulfillment & skill-building over obligation
Choice & customization
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Decades ago, donors started foundations in estate plans
2 in 3 family fdns now have founder at the table
Next gen issues named as largest challenges
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Hyperagency – the inclination and ability
“to be producers rather than simply
supporters of philanthropic projects.” –
Paul Schervish
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Trend…
How we perceive trust, togetherness, community
Impacts the Family’s…
Spiritual and social capital
How we work, volunteer, and engage together
How we give, buy, and invest
Human and intellectual capital
Financial capital
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G1: Bob & Barb
(Silent Generation)
G2: Jim, Jenny, Jason
(Boomers)
G3: 7 Grandchildren
(Gen X & Y)
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$25M Private Fdn
G1, G2, Atty on Board
50% to Star City
50% G2 Discretionary
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How do present choices impact future success?
Dilemma #1Engaging grandchildren (Gen X & Y) in the foundation
Dilemma #2Balancing shared commitment & values with individual interests
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Family/
Personal
Philan-thropic
Emotion-based
Continuity & harmony
Loyalty & belonging
Task-based
Growth & change
Competence, commitment
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Skills
Knowledge
Relationships
Identity
Reputation
Gifts/Grants
SelfDAF or
Foundation
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Principles&/or
Purpose
Policies
Practices
Vision, mission, values
Governance, participation,
decision-making
Operations, meetings, training
Patricia M. Angus, Esq.
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Principles &/or
Purpose
Policies
Practices
Founder legacy statements
Oral/video histories
Purposeful trusts, ethical wills
Values exercises
Family volunteering
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Principles &/or
Purpose
Policies
Practices
Decision-making processes
Conflict of interest
Board terms & eligibility
Participation rules (obligation vs. invitation?)
Termination/transition
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Philanthropy Practices
Hometown/founder $
Discretionary $
Mission/strategic $
Investments for good
Problem solving, leadership, advocacy
Principles &/or
Purpose
Policies
Practices
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Meetings
• Make time for storytelling and learning
• Can family truly self-facilitate?
Principles &/or
Purpose
Policies
Practices
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Principles &/or
Purpose
Policies
Practices
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Only tool for togetherness
Fighting the last war
Killing fun
Connection to founding
Passive participation
Unprepared advisors
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38
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3. Updated CF readiness assessment tool
4. CF family philanthropy “playbook”
5. NCFP’s monthly webinars, Knowledge Center resources, National Forum, and more for you and your donors
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Filled with advice and resources from the field’s foremost experts
in family philanthropy, Splendid Legacy 2 is a must-own volume for
any family that is looking to build a philanthropic legacy, as well as
for advisors and others interested in understanding this special
philanthropic vehicle.
On sale now at splendidlegacy.org
Copyright © 2017. A portion of this material is excerpted from NCFP
publications and research reports. These slides should not be copied
or distributed without prior permission of NCFP.
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Inspiring Generations of Giving.
41Copyright © 2016 National Center for Family Philanthropy