The world's wealthiest have always been subject to certain societal expectations surrounding their responsibilities regarding "giving back." Over the past decade, however, this call has intensified. With it has emerged a new generation of ultra-wealthy giving that looks nothing like it did before.

While ultra-high net worth individuals of generations past generally only considered philanthropy beyond capital donations as retirement approached, the new generation is far more engaged and involved in philanthropic endeavors at far earlier ages than their predecessors. They're also motivated by the value propositions behind sustainable and impact investment strategies, often driving such initiatives with their own or family businesses.

Here is a look at how the world's young and ultra-wealthy changing the face of giving and using it as a powerful tool in creating a world in which they want to live.

While previous generations regarded philanthropy as "the giving of money to non-profit organizations," the next generation of wealthy individuals has redefined the term, considering it to be "the action of transforming others' social well-being through generosity."

Check out our website. We locate the best resources and tools we can find and then add them to our website. More info.

How does a nonprofit say "goodbye" to a departing founder or executive? A gift and farewell party usually are appropriate. Though not as much fun to plan, an exit agreement may also be called for. This legal document, usually developed by a nonprofit's board of directors, details the terms of a leader's departure. Here's why exit agreements are important and how you can ensure any agreements you prepare achieve their purpose.

First, understand the difference between exit agreements and separation agreements. In general, separation agreements protect employers from former employees taking legal action (i.e., with a wrongful termination suit) or directly competing against them. Exit agreements, on the other hand, usually relate to a departing employee's compensation and continuing relationship with the employer.

Catch-up agreements. When the founder of an arts organization started the group, she initially accepted only a modest salary and has for years been drastically underpaid relative to other nonprofit executives. What's more, she has received little in the way of retirement benefits during her tenure. When she decides to leave, the nonprofit's board will use an exit agreement to compensate her for her hard work in making the organization a success.

The Waraich Family Fund donated a generous gift to the Indiana University Lilly Family School of Philanthropy at IUPUI to support the Community Collaboration Initiative, a project that enables 25 Muslim-American nonprofits in Indiana and several other states raise to better carry out their missions.

The Indiana Humanities will use a $135,100 grant from the Lilly Endowment Inc. to distribute $1,000 grants to at least 100 organizations to add materials that advance racial equity to their lending collections. The Indianapolis Public Library, which also received a Lilly Endowment grant of $140,000, will purchase 4,000 titles on racial equity. Read more

Spay-Neuter Services of Indiana has announced it has changed its name to Indiana Humane Services. Representatives said the rebranding reflects the organization’s focus on their comprehensive strategies to make Indiana a zero-kill state. Read more

LifeStyle Ministries Second Chance Initiative Program is a new local nonprofit organization with a mission to provide incarcerated and at-risk (homeless, domestic violence victims and youth aging out of the system) individuals with the resources needed to live in safe environments, and access healthcare and job opportunities. Read more

Indianapolis Business Journal is accepting nominations for its 2020 CFO of the Year. The honor recognizes Indiana financial professionals for outstanding performance in several categories: Public Company CFO, Private Company CFO and Not-for-Profit/Government CFO. Nominate

LISC Indianapolis has launched the second round of Indianapolis Small Business Recovery Grants for minority, immigrant and women-owned businesses. See recipients

Our sponsor marketplace serves to further connect our readers with our advertisers who are focused on serving nonprofits. To learn about each sponsor's nonprofit services, click on its logo.