For nonprofits and the people who love them...
3 for Thursday, brought to you by K. Weill Consulting Group, LLC
September 29, 2016 Edition
1. Fidelity Charitable's The Giving Gap Study
2. Philanthropy's Promise 
3. McKinsey's Board Self-Assessment Tool
Board members not engaged? Reluctant to raise money for your nonprofit?

Learn how to Build a Better Board!

3-Part Online Training Series with national expert Jean Block kicks off October 25th!
In the Massachusetts area? 
Join Kenny Weill at upcoming workshops:

October 27th: 
How to Craft a Killer Foundation Grant Proposal
Associated Grantmakers
Learn More

November 2nd: 
How to Position Your Nonprofit to Raise Significantly More Money: The "5 Shifts" Model
MA Nonprofit Network's Annual Conference

1.   New Research
Fidelity Charitable's "The Giving Gap" Study
Giving Patterns of Affluent and High Net Worth Individuals
Fidelity Charitable* recently surveyed wealthy individuals to gain a firmer understanding of their philanthropic tendencies. (They define "affluent" as those with investable assets between $100,000 and $1 million and "high-net-worth" as those with investable assets of $1 million plus.) The results can help direct how you target, segment and communicate with these folks. Key findings include:
  • Most of these donors do not use - or even understand - non-cash charitable giving vehicles like donor-advised funds, charitable gift annuities, charitable trusts, and donating appreciated assets (e.g. real estate and securities).
  • Wealthy donors under age 50 are more likely to use charitable giving vehicles/methods than their older counterparts.
  • Retired wealthy donors give to more charities but give less money overall than those who are employed. Retirees are also less likely to use charitable giving vehicles, and place a lower importance on charitable giving.
How can your nonprofit communicate the mutual benefits of gift planning and legacy vehicles to affluent and high net worth donors?

2. Key Resource:  
Philanthropy's Promise
 Foundations Make a Pledge for Impact
What do the  Ford, NoVo and Kellogg Foundations have in common? They - along with nearly 200 others - have made Philanthropy's Promise! An initiative of the  National Committee for Responsive Philanthropy (NCRP), Philanthropy's Promise's goal is to have funders representing at least 10% of annual grantmaking dollars pledge that:
  • At least 50 percent of their grantmaking explicitly benefits at least one under-served community, which in turn will benefit us all ("targeted universalism"), and
  • At least 25 percent of their grantmaking explicitly supports nonprofit advocacy, community organizing and civic engagement, as a means to address the root causes of systemic inequities.
You can even drill down to read each participating foundation's pledge statement.

3 Free Tool: 
Board Self-Assessment Tool 
Provided by McKinsey & Company
McKinsey's * long-form Nonprofit Board Self-Assessment Tool enables Board members (and management) to thoroughly evaluate:
  • How well the Board performs its core responsibilities
  • Board member perceptions of which responsibilities will be most important in the coming years; and
  • "Enablers" (e.g. size and structure, composition, leadership, processes) to ensure Board effectiveness
*K. Weill Consulting Group, LLC has no financial or other relationship with this company or product. 
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K. Weill Consulting Group, LLC

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