Creating Change Through Family Philanthropy The Next Generation

by Goldberg, Alison; Pittelman, Karen

• ISBN13: 9781933368092
• ISBN10: 1933368098
• Edition: 1st
• Format: Paperback
• Copyright: 2007-01-26
• Publisher: Soft Skull

Summary

Many families are looking for ways to engage the "next generation" in philanthropy. But for next generation members, getting involved raises complicated questions. How can they bring their values to the table? How can they move more resources to social justice? Creating Change Through Family Philanthropy gives young people the tools they need to not just participate but help transform the field itself. Complete with personal stories and exercises, this guide is also an essential resource for anyone who works with families with wealth. Book jacket.

Author Biography

Alison Goldberg joined Resource Generation's staff after the organization she created and directed, Foundations for Change, merged with RG. She has worked for a number of non-profits and within her own family's foundation to promote social and economic justice. Her previous publications include "Opportunity of a Lifetime: Young Adults in Family Philanthropy" for the National Center for Family Philanthropy's Passages Series and "Social Change Philanthropy and How It's Done" for Foundation News & Commentary. She lives in the Boston area.

Karen Pittelman is the author of Resource Generation's Classified: How to Stop Hiding Your Privilege and Use It For Social Change from Soft Skull Press and served as RG's first program coordinator. At 25 she dissolved her $3 million trust fund to co-found the Chahara Foundation, a fund run by and for low-income women activists in Boston. She lives in New York City.

Resource Generation is a national non-profit organization that works with young people with financial wealth who believe in social change. Since 1996, the organization has offered a variety of programs educating young funders about social change philanthropy. RG is located in New York City and led by a cross-class board and staff.

Table of Contents

Acknowledgements	p. vii
Preface	p. xi
Family Philanthropy and Social Change
Introduction	p. 3
Philanthropy for Wealthy Families	p. 7
Philanthropy for Social Change	p. 11
Where Does the Money Go?	p. 15
How Are Grants Made?	p. 21
Where the Rest of the Money Goes	p. 25
How Long Will Family Philanthropy Exist?	p. 29
Taking Action
Introduction to the Taking Action Section	p. 35
Assess Where You're Starting	p. 37
Improve Communication	p. 45
Research Social Change	p. 51
Shift the Funding	p. 57
Assess Your Fund's Grantmaking	p. 63
Transform the Grantmaking Process	p. 69
Open Up the Decision-making Process	p. 75
Assess Who Holds Power	p. 83
Shift the Investments	p. 91
Develop a Payout Plan	p. 99
Share Your Philanthropic Power	p. 105
Create an Action Plan	p. 111
Conclusion	p. 117
Appendix
What Is the Philanthropy Field?	p. 121
Non-profit Organizations	p. 123
Family Foundations	p. 124
The Foundation Rulebook	p. 125
Family Foundation Grantmaking	p. 128
Donor-advised Funds	p. 130
Charitable Trusts	p. 131
How Young People Are a Part of Family Philanthropy	p. 132
Resources	p. 134
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