Entrepreneurs, Philanthropy, and Founders' Pledges; A new "pre-exit" philanthropy - An Interview with Dee Dee Mendoza, Dartmouth College - Episode 39
Philanthropy Podcast: A Resource for Nonprofit Leaders and Fundraising & Advancement Professionals
Release Date: 12/10/2018
Philanthropy Podcast: A Resource for Nonprofit Leaders and Fundraising & Advancement Professionals
This week we’re joined by Lou Nanni to discuss leadership during the time of COVID-19, how to motivate a team during times of great uncertainty and times of great success, the importance of adaptability, how to hire people who will be “other focused”, what are the greatest pressures facing leaders today, and how to find and tell the great stories that connect people to your mission.
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A preview of the upcoming Nonprofit Technology Conference, who should attend, what to expect, and how to use the resources at the NTC and NTEN.
info_outlinePhilanthropy Podcast: A Resource for Nonprofit Leaders and Fundraising & Advancement Professionals
Engaging entrepreneurs in fundraising presents challenges not encountered in the typical donor engagement. Dee Dee Mendoza discusses how organizations have approached engaged entrepreneurs in their pre-exit philanthropy stage through the use of founders’ pledges, recognition society engagement, and providing value to entrepreneurs that is needed at each phase of their company’s lifecycle. Help your organization build long-term health and a competitive advantage in your sector with this episode.
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A long overdue episode, an apology, and a big announcement for The Philanthropy Podcast
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Nonprofit fundraising is a place where uncomfortable realities surrounding sexual harassment and sexual violence need to be addressed. According to The Chronicle of Philanthropy, 1 in 4 women in nonprofit fundraising have experienced sexual harassment and 1 in 14 men have experienced sexual harassment. Sarah Beaulieu discusses our need to make workplaces safer for our employees and volunteers to ensure that everyone knows that their safety is our most important priority in fulfilling our missions.
info_outlinePhilanthropy Podcast: A Resource for Nonprofit Leaders and Fundraising & Advancement Professionals
A discussion about the philosophy of effective altruism, how donors compare nonprofits, changing donor mindsets, and whether nonprofit fundraising can be one of the ten most harmful jobs out there.
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I discuss where I find joy in our work. As we near the end of many organizations fiscal years, that means reflecting on the year past, planning for the year ahead, and hopefully getting a jumpstart on some early success. Perhaps you’re coming off a great year where you hit your goals and then some, or you might be coming off a year where you came in under budget. Either way, it’s good to step back and remind ourselves why this work can be so meaningful and enjoyable.
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Today we talk about how 2017's Tax Cuts and Jobs Act passed in December 2017 affects the work of nonprofit fundraising and the ways donors are incentivized or disincentivized to give philanthropically through the tax code. We'll discuss the charitable tax deduction laws, the standard deduction changes, the impact of changes in SALT (State and Local Taxes) deductability, the increase of the estate tax exemption, the reduction in marginal tax rates, which businesses and individuals benefit from the tax law changes, whose giving is likely to increase and decrease, and what tools nonprofits...
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This week on The Philanthropy Podcast, Brian Gower, Vice President of Research at Ruffalo Noel Levitz discuss the modern phonathon and its place in your fundraising plan. Brian touches on what you need in place before launching your phonathon, how phonathons aid data collection, the returns you might expect, how to integrate the phonathon and social media, thank-a-thons, how your phonathon callers can build your pipeline to development staff hiring and more. If you think you know everything about the phonathon or think this fundraising tool is stuck in the age of...
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This week on The Philanthropy Podcast, we feature our first mini-episode, a preview of the 2018 Global Philanthropy Forum Conference with guest Jane Wales. Jane shares what sparked her interest in founding the Global Philanthropy Forum, what attendees can expect, and how to participate with the conference even if you are unable to attend through their online broadcasts. This week's episode is brought to you by Audible. All listeners of The Philanthropy Podcast can receive a free month's trial of Audible and one free audiobook download at ...
info_outlineThe challenge we face:
Entrepreneurs often don’t fit the paradigms we use to assess the strength of a fundraising prospect. Their capacity to give doesn’t increase in a linear fashion like other professions, their time constraints around becoming involved are often the inverse of other donors, and the most tax advantageous way to make their gifts is often to give before they actually have experienced the large liquidity events around selling a company or going public. That said, entrepreneurs give 50% more than other professionals making the same income and they often make transformational gifts to organizations once they have the means. They also bring a perspective and approach to providing advice to organizations that is unique to their line of work.
Dee Dee Mendoza discusses how some organizations have approached engaged entrepreneurs in their pre-exit philanthropy stage through the use of founders’ pledges, recognition society engagement, and providing value to entrepreneurs that is needed at each phase of their company’s lifecycle. If your organization wants to provide for its long-term health and have a competitive advantage in your sector, this episode will be an important piece of information in building your entrepreneurial approaches.
In this episode we’ll discuss:
- Challenges around engaging entrepreneurs in traditional fundraising paths.
- The benefits organizations can offer to entrepreneurs during their company’s early phases.
- How tax implications affect entrepreneurs and their giving.
- What a Founders’ Pledge Society looks like.
- What people get wrong in engaging entrepreneurs.
- How to engage entrepreneurs while their wealth only exists on paper.
- How to book founders’ pledge gifts for your record keeping.
- Places you can find more research on entrepreneurs and philanthropy.
- Why it’s fun to work with entrepreneurs.
- How to get on the calendar of entrepreneurs in your portfolio or database.
- How to learn more from Dee Dee and stay up to date with the latest in this field.
How you can make your voice heard!
There will be two discussions in the Philanthropy Podcast Facebook group this week. The questions we’re asking are:
- Who are the entrepreneurs (and/or their companies) who have made a significant impact on your organization or just were great fun to work with? What’s the story behind your collaboration?
- Does your organization have any formal program for entrepreneurs? Take our poll and leave any details you’d like to share or questions you’d like to ask in the comments.
You can join our Philanthropy Podcast Facebook Group to share ideas, get advice, and simply enjoy the company of other listeners.
Learn more about this episode’s guest, Dee Dee Mendoza:
Dee Dee Mendoza is managing director of West Coast Advancement for Dartmouth College, where she works largely with alumni in startups and venture capital. Her background in major gifts goes back more than 15 years, primarily in Higher Education. She has led efforts to launch Higher Ed's two most prominent pre-exit philanthropy platforms: the Dartmouth Founders Project, and the award-winning Berkeley Founders Pledge, the first of a new wave of these programs that incorporates the unique model she developed. Her teams' work has been featured in Currents magazine and the Chronicle of Philanthropy. She continues to advance the field through independent research and as an advisor to numerous emerging programs.
Links:
- The Philanthropy Podcast - Website
- The Philanthropy Podcast - Twitter
- The Philanthropy Podcast - Instagram
- The Philanthropy Podcast Facebook Group
- The Philanthropy Podcast User Survey
- Dee Dee's Website - Website
- Dee Dee Mendoza - Twitter
- Dee Dee Mendoza - LinkedIn
- Additional research - Zoltan Acs
- Additional reading - Platform Revolution - Parker, Geoffrey; Van Alstyne, Marshall, & Choudary, Snageet
- UC Berkeley - Founders' Pledge
- Dartmouth Founders' Project
- Pledge 1%
- Founders' Pledge UK
- Inspired Money Podcast - With Andy Wang (Yeah, I linked to my appearance)
- Follow The Philanthropy Podcast on: