CONTACT US   |   Print Page   |   Sign In   |   join.
"Adventures in Philanthropy" Blog
Blog Home All Blogs
Our "Adventures in Philanthropy" blog posts are written by our staff and diverse membership and offer a glimpse into the world of philanthropy, presenting current issues and information relevant to funders, policymakers, members of the media, and those interested in current issues and giving trends.

 

Search all posts for:   

 

Top tags: Adventures in Philanthropy  philanthropy  ABAG By the Numbers  Recent Reports from the Field  Workforce  BIP  public policy  ABAG members  Baltimore  Baltimore Integration Partnership  nonprofits  Affinity Groups  July/August 2014 Members' Memo  Diversity  giving  March 2015 Members' Memo  Maryland Nonprofits  Equity  Inclusion  MdeHN  Education Funders  July/August 2015 Members' Memo  March 2014 Members' Memo  Maryland Environmental Health Network  November 2013 Members' Memo  October 2013 Members' Memo  the giving life  ABAG  april 2014 Members' memo  Baltimore Workforce Funders Collaborative 

What Your Clients Really Want to Talk About

Posted By Rebecca Rothey, Wednesday, October 23, 2013
Updated: Wednesday, October 30, 2013

October 23, 2013

By Rebecca Rothey, Director of Planned Giving, Baltimore Community Foundation

Professional advisors aren't providing their high-net-worth clients with the kind of information about philanthropy they want. There’s a serious disconnect between advisors and clients in the depth, breadth, and timing of conversations about philanthropy – conversations those high-net-worth individuals are craving.

A new national study conducted by the U.S. Trust and The Philanthropic Initiative uncovers some important facts about high-net-worth individuals and their professional advisors.

Check out our top ten takeaways below, or click here to read the complete study:

1. Nearly one-third of HNW individuals (31%) indicate that they would be more likely to choose an advisor who is knowledgeable about charitable giving.*

2. HNW clients say that what matters more than who initiates the philanthropic conversation is that it happen early in the relationship. Virtually all (90%) agree that this discussion should occur within the first several meetings with their advisor.

3. Although nearly half (45%) of HNW individuals feel it is important to involve children and grandchildren in discussions with their advisor about charitable giving, a mere 14% of advisors are likely to raise the topic of philanthropy with clients for the purpose of helping to instill charitable values among the next generation.

4.Three out of four advisors say that discussing philanthropy with clients is good for their business for a variety of reasons – primarily to deepen and establish new relationships.

5. Many HNW individuals (34%) – say they would value philanthropic advice from an advisor more if they were aware of the advisor’s own philanthropic engagement.

6. Most advisors (89%) say that they discuss philanthropy with at least some of their clients, but only 55% of HNW individuals say they discuss philanthropy with a professional advisor.

7. Half of the HNW individuals who report having discussed philanthropy with an advisor say that they are typically the one to initiate the conversation, and that their advisor brings up the subject on their own just 17% of the time.

8. Less than half of HNW individuals (47%) feel that professional advisors are good at discussing personal or charitable goals with them. Even fewer (41%) are fully satisfied with these conversations.

9. Advisors estimate that 40% of HNW individuals would reduce their giving if the estate tax were eliminated. The study found that, in fact, that only 10% of HNW individuals cite reducing taxes among their primary motivations for giving.

10.The use of giving vehicles is correlated with more advisor involvement – among HNW individuals who discuss philanthropy with an advisor, 47% use one or more structured giving vehicles, such a donor-advised funds or private foundations, when making donations to charitable organizations.

Questions? You can reach me at: 410.332.4171 ext. 132 or rrothey@bcf.org.

Tags:  Adventures in Philanthropy  Next Generation  October 2013 Members' Memo  Planned Giving  Professional Advisors  Trust and Estate Planning 

Share |
PermalinkComments (0)
 

Government Shutdown Ends After 16 Days

Posted By Adam Donaldson, Tuesday, October 22, 2013

Government Shutdown Ends After 16 Days

October 22. 2013

By Adam Donaldson, ABAG Member Services Director

The partial shutdown of the federal government ended after 16 days in the early morning of October 17 when the President signed a bill funding the government through January 15 and raising the debt ceiling until February 7.

The bill alsocreates a budget conference committee to report out a budget agreement by December 13 and requires that income be verified for people seeking insurance subsidies from the Affordable Care Act healthcare exchanges. It passed with 285-144 in the House and 81-18 in the Senate.While ending the current crisis, it does open the possibility of a similar situation early next year.

The Nonprofit Finance Fund polled over 150 nonprofits during the shutdown to gather data on how it was impacting their operations. It found that more than half of nearly 100 nonprofits that receive federal aid are experienced delayed or stopped payments from the federal government. See all the results.

The Chronicle of Philanthropy has gathered its articles, op-eds, and blog posts about the government shutdown here.

How Us Regionals Responded to the Federal Government Shutdown:

 

Our thanks to The Forum of Regional Associations of Grantmakers for compiling this information.

Tags:  Adventures in Philanthropy  Government Shutdown  October 2013 Members' Memo  Public Policy 

Share |
PermalinkComments (0)
 

ABAG by the Numbers #17: THE RESOURCE – 3 Funder Roundtables

Posted By Elisabeth Hyleck, Tuesday, October 22, 2013

ABAG BY THE NUMBERS

By Elisabeth Hyleck, ABAG Strategic Initiatives Director

As ABAG celebrates 30 years of philanthropy and seeks to help shape the next 30 years of giving, we've told some of our story through our 30th anniversary infographic, ABAG By the Numbers.

Each week, for 30 weeks, we are briefly highlighting the 30 numbers in this infographic.

As The Resource on Grantmaking, The Network for Givers, and The Voice for Philanthropy - this week we are focusing on:

THE RESOURCE

3 Funder Roundtables

As a membership organization, we are pleased to host Groups and Roundtables that bring funders together around common interest areas – be they based on the type of philanthropy or, until recently, geography.

One of the greatest values of ABAG membership is the relationships built between colleagues. Talking candidly about what is happening in each organization and the region is worthwhile and important but often hard to schedule in our busy world. To overcome those scheduling obstacles, ABAG’s Business Giving Roundtable brings our business members together on a quarterly basis for informal luncheons to ensure they can benefit from relationships with corporate peers. The agenda is always shaped by what's on the mind of those who attend and our members walk away having learned and shared together.

ABAG’s Family Philanthropy Roundtable began in April 2002 to provide an opportunity for family foundation trustees and board members to talk with each other about the joys and challenges of family philanthropy and share expertise, experiences, questions, and concerns with others in similar situations. No one pretends to have the one right answer, but there is always thoughtful discussion. Family Philanthropy Roundtables are held 3-4 times each year.

Until recently ABAG hosted the Anne Arundel County Funders Roundtable in partnership with the Community Foundation of Anne Arundel County. The roundtable recently transitioned to be fully organized by the community foundation and is open to private, business and federated fund grantmakers and donors making grants in their county.

Learn more about our Roundtables here and consider attending the next one that suits your interest!


Celebrating 30 Years of Philanthropy: Shaping the Next 30 Years of Giving

With vision and persistence, a group of leading foundations and corporations founded the Association of Baltimore Area Grantmakers in 1983 as a forum in which colleagues could address common problems and interests. Today, as we celebrate our 30th anniversary with 145+ members, ABAG is the region's premier resource on philanthropy, dedicated to informing grantmakers and improving our community.


Tags:  ABAG By the Numbers  Funder  October 2013 Members' Memo 

Share |
PermalinkComments (0)
 

Speak Up, Baltimore

Posted By David Warnock, Monday, October 21, 2013
Updated: Monday, October 28, 2013

October 21, 2013

By David Warnock, Chairman and Founder of the Warnock Foundation 

Baltimoreans are hopeful about the city’s future but have a tepid view of Baltimore today, according to survey results our foundation recently released.

Baltimore is populated with resourceful, creative people who, over and over, expressed their gratitude for simply being asked what they thought. However, Baltimore is still a city whose residents are more likely to identify with the Wire than the Ravens, at a rate of more than ten to one. The information we've gleaned in the last month will prove invaluable as join together to fight the scourge of low expectations, which stands firmly in the way of Baltimore's path to a better place.

In our month-long Speak Up, Baltimore survey, we asked area residents to assess Baltimore’s assets, obstacles, and make determinations about the city’s future.

As expected, only 16% of respondents think that Baltimore is one of America’s greatest cities. However, a full 66% believe we should aspire to be one of America’s greatest cities, and almost half think that Baltimore can be one of America’s greatest cities within five years.

Participants identified poverty, drugs and education as the top three obstacles facing Baltimore, and universities, medical community, and geography as the top three assets.

Survey respondents were also asked to single out the one biggest obstacle and the one biggest asset related to Baltimore’s chances of reaching its potential, whether they were listed in the survey or not. Respondents listed "the people who live here” as the biggest asset, and "political leadership” as the biggest obstacle.

Among the most interesting questions in the Warnock Foundation’s survey was, "How would you describe Baltimore in a way that captures the city’s personality?” The responses are a mix of references to popular culture, to the obstacles we face, and to the genuine affection respondents have for this city. 

We are deeply grateful for the hundreds of people who shared their perspectives on Baltimore with us - it will guide our activities at the Warnock Foundation in the years ahead.

A full description of the survey and analysis of the results can be downloaded here


Tags:  Adventures in Philanthropy  October 2013 Members' Memo  Warnock Foundation 

Share |
PermalinkComments (0)
 

ABAG by the Numbers #16: THE NETWORK – 5 Operating Foundations and Other Charitable Programs in 2013

Posted By Adam Donaldson, Monday, October 21, 2013

ABAG BY THE NUMBERS

By Adam Donaldson, ABAG Member Services Director

As ABAG celebrates 30 years of philanthropy and seeks to help shape the next 30 years of giving, we've told some of our story through our 30th anniversary infographic, ABAG By the Numbers.

Each week, for 30 weeks, we are briefly highlighting the 30 numbers in this infographic.

As The Resource on Grantmaking, The Network for Givers, and The Voice for Philanthropy - this week we are focusing on:

THE NETWORK

5 Operating Foundations and Other Charitable Programs in 2013

ABAG members represent diverse funding types, interests and geographic focus.

A segment of our membership is comprised of Operating Foundations and Other Charitable Programs, which includes members like The Chesapeake Bay Trust, Enterprise Community Partners, the International Youth Foundation and the Maryland Legal Services Corporation. It also includes our first giving circle that has joined ABAG as a member, The Baltimore Women’s Giving Circle, and new members, The Beacon Charitable Foundation and The Family League of Baltimore.

These funds and foundations are promoters of philanthropy and champions for specific issues in our communities, across the state and country, and/or internationally - check them out!


Celebrating 30 Years of Philanthropy: Shaping the Next 30 Years of Giving

With vision and persistence, a group of leading foundations and corporations founded the Association of Baltimore Area Grantmakers in 1983 as a forum in which colleagues could address common problems and interests. Today, as we celebrate our 30th anniversary with 145+ members, ABAG is the region's premier resource on philanthropy, dedicated to informing grantmakers and improving our community.


Tags:  ABAG By the Numbers  October 2013 Members' Memo 

Share |
PermalinkComments (0)
 

Recent Reports from the Field

Posted By Buffy Beaudoin-Schwartz, Monday, October 21, 2013

October 2013

Check out these recent reports from the field:

Connected to Give: Jewish Legacies (Connected to Give)

Molto + Media: Digital Culture Funding (Media Impact Funders)

Philanthropy - Fall 2013 (Philanthropy Roundtable)

A Practical Guide to Integrated Communications: A Workbook for Nonprofits (Idealware)

The Prenups: What Filmmakers and Funders Should Talk About Before Tying the Knot (Active Voice)

The U.S. Trust Study of the Philanthropic Conversation: Understanding advisor approaches and client expectations (U.S. Trust Institutional Investments & Philanthropic Solutions & The Philanthropic Initiative) 

Thank you to our national membership association,The Forum of Regional Associations of Grantmakers, for compiling much of this information.

Tags:  October 2013 Members' Memo  Recent Reports from the Field 

Share |
PermalinkComments (0)
 

ABAG by the Numbers #15: THE VOICE – 15 ABAG Publications

Posted By Kim Snipes, Thursday, October 10, 2013

ABAG BY THE NUMBERS

By Kim Snipes, ABAG Member Information & Operations Manager

As ABAG celebrates 30 years of philanthropy and seeks to help shape the next 30 years of giving, we've told some of our story through our 30th anniversary infographic, ABAG By the Numbers.

Each week, for 30 weeks, we are briefly highlighting the 30 numbers in this infographic.

As The Resource on Grantmaking, The Network for Givers, and The Voice for Philanthropy - this week we are focusing on:

THE VOICE

15 ABAG Publications

As a membership organization we are pleased to provide a number of resources developed for our members as well as the broader funding and nonprofit communities.

Our most recent publication in June of 2013, "Partnering for Impact: Combining National Knowledge with Regional Leverage for Local Impact," documents the experiences, successes and lessons learned during the Learning and Action Agenda Project by ABAG staff, Annie E. Casey Foundation staff, and staff from participating regional associations of grantmakers.

And, based on a desire from our membership to collaborate on a resources for the funding community, we developed ABAG's "Guide for Funding Basic Human Needs in a Challenging Economy" to inform the funding community about the scale and scope of need among Central Marylanders. The publication focuses on eight areas critical to maintaining self sufficiency, which suffer during an economic downturn.

Each year ABAG publishes our Member Directory, the #1 resource for area fundraisers and grant writers. Updated annually, our Membership Directory is the grantseeker's guide to the trustees, staff and interest areas of ABAG member foundations and corporate giving programs. The directory lists contact names and areas of interest of ABAG member organizations; a copy of the ABAG Common Grant Application Form is included.

Through the years we’ve also created publications to assist our members and the field on anything from Business Giving, Giving Circles and Women’s Philanthropy, to using external evaluators and local donor collaboration. And, 5 years ago we created our Snapshots of Philanthropy in honor of our members on our 25th anniversary, which is still relevant today.

As the need and opportunity arises, ABAG will continue to collaborate on the development of philanthropic resources to assist our members, the field and the broader community.


Celebrating 30 Years of Philanthropy: Shaping the Next 30 Years of Giving

With vision and persistence, a group of leading foundations and corporations founded the Association of Baltimore Area Grantmakers in 1983 as a forum in which colleagues could address common problems and interests. Today, as we celebrate our 30th anniversary with 145+ members, ABAG is the region's premier resource on philanthropy, dedicated to informing grantmakers and improving our community.



Tags:  ABAG By the Numbers  Adventures in Philanthropy  Member Directory  October 2013 Members' Memo 

Share |
PermalinkComments (0)
 

ABAG by the Numbers #14: THE RESOURCE – 1,513 Visits to Members

Posted By Celeste Amato, Tuesday, October 8, 2013
Updated: Wednesday, October 9, 2013

ABAG BY THE NUMBERS

By Celeste Amato, ABAG President

As ABAG celebrates 30 years of philanthropy and seeks to help shape the next 30 years of giving, we've told some of our story through our 30th anniversary infographic, ABAG By the Numbers.

Each week, for 30 weeks, we are briefly highlighting the 30 numbers in this infographic.

AsThe Resource on Grantmaking,The Network for Givers, and The Voice for Philanthropy - this week we are focusing on:

THE RESOURCE

1,513 Visits to Members

We are a membership organization. Members are our core constituency, and meeting with members has been a hallmark of ABAG’s member services for the past 30 years.

Our entire staff takes pride in meeting with members throughout the year and learning more about their interests and how ABAG can assist them in their work. From connecting the dots to issues and individuals, to providing technical assistance and resources, we always come back to the office after our member visits armed with new information and ideas.

Having come on board at ABAG about 10 months ago, I set a personal goal to meet with as many members as possible in 2013. I have enjoyed getting to meet and know many of our members and continue to meet here at ABAG, in the community, and in one-on-one meetings. My thanks to our members for generously sharing time, thoughts and obvious regard for our organization and the future.

With over 1,500 member visits to date, we look forward to the next 1,500!


Celebrating 30 Years of Philanthropy: Shaping the Next 30 Years of Giving

With vision and persistence, a group of leading foundations and corporations founded the Association of Baltimore Area Grantmakers in 1983 as a forum in which colleagues could address common problems and interests. Today, as we celebrate our 30th anniversary with 145+ members, ABAG is the region's premier resource on philanthropy, dedicated to informing grantmakers and improving our community. 



Tags:  ABAG By the NumbersAdventures in Philanthropy  ABAGMembers  October 2013 Members' Memo 

Share |
PermalinkComments (0)
 

A Conversation With Dr. Lillian Lowery

Posted By Karen Alexander, Friday, October 4, 2013

October 4, 2013

By Karen Alexander, ABAG's Education Funders Affinity Group Coordinator

Each year, one of the best-attended Education Funders Affinity Group programs is our Conversation with the Maryland State Superintendent of Education. This year was no exception, as more than 40 ABAG members welcomed Dr. Lillian Lowery back to ABAG on September 23 to discuss key education issues.

Dr. Lowery was joined by Dr. Jack Smith, her new Chief Academic Officer, and Cindy Hasselbring, Special Assistant to the State Superintendent, Special Projects, who is leading the development of a strategic plan for all STEM initiatives. Dr. Smith is the former Superintendent of Calvert County Public Schools; prior to his appointment as CAO, he was named Maryland’s 2013 Superintendent of the Year. Ms. Hasselbring, formerly a high school math teacher, came to MSDE after serving as an Albert Einstein Distinguished Educator Fellow at the National Science Foundation.

Dr. Lowery and her colleagues stressed the importance of hands-on learning opportunities from PreK-12 to help engage students in higher-level thinking. Much of the discussion centered on the progress of Maryland’s 24 school districts’ transition to the new Common Core State Standards, a voluntarily-adopted single set of clear educational standards for kindergarten through 12th grade in English language arts and mathematics. As Dr. Lowery observed, "The new Common Core State Standards are about synthesis – creating new knowledge with what we have. Skills should be portable across disciplines and subject areas.”

Dr. Lowery also highlighted a partnership with ABAG member OSI-Baltimore around developing a more student-focused discipline policy.

ABAG’s conversations with education leaders will continue on October 30th, when we will welcome TIsha Edwards, Interim CEO of Baltimore City Public Schools.

Contact me with any questions about ABAG's Education Funders Affinity Group

Tags:  Adventures in Philanthropy  Ed Funders  October 2013 Members' Memo 

Share |
PermalinkComments (0)
 
Association Management Software Powered by YourMembership  ::  Legal