August 4, 2020
How the World’s Next Generation of Ultra-Wealthy are Redefining What it Means to Give Back
Ultra-Wealthy are Redefining What it Means to Give Back
by Francois Botha, Forbes magazine contributor, founder of Simple, international strategy consultancy firm

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.

Redefining traditional perceptions of philanthropy and investment

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."

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Into the Sunset: Why Your Nonprofit Should Consider Exit Agreements
by Deirdre Bird, VonLehman director of HR Consulting, PHR, SHRM

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.

3 Common Scenarios

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.

Consider these scenarios that may call for an exit agreement:

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 Mind Trust has named Ontay Johnson as education entrepreneur fellow. He will serve as executive director of EmpowerED Families. Johnson previously served as executive director for 100 Black Men of Indianapolis. – Inside Indiana Business
The Liberty Fund in Carmel, a private educational foundation, has hired Sean Shelby as CEO. Shelby previously served as U.S. chief technology officer for Isobar, a global digital marketing agency based in Chicago. — Inside Indiana Business
IndyGo has appointed Denise Jenkins-Agurs as its first vice president of inclusion and workforce development. Jenkins-Agurs previously served as director of education and organizational development at Memorial Healthcare Systems.
Hendricks County Community Foundation has promoted Eric Hessel to vice president of programs. Hessel previously served as a program officer for the foundation. — Inside Indiana Business
Aspire Indiana Health has hired Mary Giesel to the position of community partnership coordinator. Giesel was previously an enrollment specialist at Hope Academy Recovery High School.
The American Legion Auxiliary has hired Gary Ward as director of finance. Ward previously served as the director of finance for South Bend Clinic and IU Health.
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

COVID-19 awards

LISC Indianapolis has launched the second round of Indianapolis Small Business Recovery Grants for minority, immigrant and women-owned businesses. See recipients
B.R.I.D.G.E. aims to unite generations for local change. This Louisiana nonprofit has formed with the goal of uniting generations young and old to make positive changes at the local level.
Employers are searching for child care solutions. Only 32% of companies returning to work have plans for employees’ child-care needs even as many schools postpone reopening full-time.
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.

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Executive Director - Fayette Community Foundation (Connersville, IN) 
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Executive Director - Leadership Hendricks County

Executive Director - Anderson Symphony Orchestra (ASO)

Executive Director — Local Membership Association

Executive Director & CEO - Raybourn Group International


Development Manager - BU Wellness Network

Vice President of Advancement - Indiana Youth Institute
Director/Manager - 500 Festival Foundation

Giving Officer (remote) - ProMedica Health System


Office Manager & Executive Assistant - Gleaners Food Bank of Indiana

Deputy Director - Southeast Community Services

Coalition Builder - Prosperity Indiana

Volunteer Manager - Damien Center

Marketing /Communications/Events

Project Coordinator (Part-time) - Indiana Town Halls


Financial System and Reporting Manager - Kiwanis International

Vice President of Finance & Administration - LifeStream Services, Inc.

Finance Officer - Community Foundation of Muncie & Delaware County, Inc.

Chief Financial Officer - Choices Coordinated Care Solutions



Therapist - HVAF of Indiana, Inc.

Licensed Recreational Therapist - A Caring Place Adult Day Services

Tobacco Program Coordinator - Indianapolis Urban League

Case Manager, Physician Assistance Program - Indiana State Medical Association

Family Success Coach - Edna Martin Christian Center

Project Ready Site Coordinator - Indianapolis Urban League

Cessation Education Specialist - Good Samaritan Network

Financial Coach - Southeast Community Services

Family Assistance Program Coordinator - Inclusivity Institute

Lead Licensed Guidance Counselor - Center for Leadership Development

Natural Helper Coordinator - Immigrant Welcome Center 

Case Coordinator - Exodus Refugee Immigration Inc.


Interfaith Enrichment Corps AmeriCorps Member - Center for Interfaith Cooperation


Driver - A Caring Place Adult Day Services

Kitchen Aide - A Caring Place Adult Day Services