With Christmas over, it’s now time to get down to business and develop a strong agenda for 2018. At the top of that agenda for progressive donors, in my opinion, is repealing the Trump Tax that recently passed. This legislation does more to hurt the middle class and nonprofits than can be tolerated in a society that still prides itself on equality and freedom.
Here are just a few choice details about how this law will deter giving for the middle and upper middle class. The law’s discouragement of itemized deductions by raising the standard deduction for married couples to $24,000, is estimated to reduce the number of itemized tax returns from the current 30% to only 5%. That means only 5% of people will have enough charitable and other deductions to qualify for itemizing their taxes. This change strikes a devastating blow to families in the $70,000 to $200,000 income level, who often stretch their giving in order to qualify for the charitable tax exemption at $12,000. Between the mortgage interest deduction and the charitable deduction, some middle class families would be able to qualify for the $12,000 deduction threshold. By giving an extra two or three thousand or more, they are often supporting nonprofits in the community (their local church, food bank, or domestic violence shelter) getting a tax break, too.
We know from the research coming out of the Women’s Philanthropy Institute that giving circles are growing, and women’s giving circles in particular are on the rise. But what does a giving circle really look like on the ground? How do they make decisions that are well-informed and that carry out the group’s intentions?
An interesting new tool called Storify helps to aggregate a social media conversation into a story. This is the first one I have created, and it was pretty easy!
The Storify helps to see who participated and to review what everyone said. We had some excellent questions and commentary, including participation from PBS To the Contrary, Philanthropists Ruth Ann Harnisch (disclosure: she is a sponsor of Philanthropy Women) and Jacki Zehner, as well as many nonprofits and women’s funds. Check it out!
I’m excited about the #FundWomen Twitter Chat, starting tomorrow at 11 AM EST. Also joining the conversation: clothing company Michael Stars, which has a foundation and uses its philanthropy to effect positive change for women.
Below is a sneak peek of a few of my upcoming tweets!
Here’s part of my answer for Question #2: How and why do you opt to fund women’s rights organizations?
We all have a unique journey in giving, and now that my journey has landed squarely on feminist philanthropy, I am excited to host a Twitter chat on National Philanthropy Day, to discuss my journey as a giver and to learn about your journey. I believe that by conversing, we can do more than we realize to help each other along the way.
The Twitter Chat will take place on National Philanthropy Day, Wednesday, November 15th, at 11 AM EST it, and will last for one hour. The chat is being hosted by Women Thrive Alliance, one of our spotlight organizations, and will focus on the following:
Topic: The Added Value of Funding Women’s Rights Organizations
One thing that repeatedly intrigues me in philanthropy is the way that women leaders put together the components of giving and social progress in new and creative ways, in order to maximize deployment of funds to important causes. Nearly every week, I come across a new combination of philanthropy and social action that a woman is pioneering.
This week’s amazing tale of women doing good in the world comes from the online retail sector and a new hub for online shopping called Union & Fifth. This nonprofit online store makes it easy for you to donate women’s designer clothing, shoes, and handbags, and choose a cause for where the money will be donated.
I recently returned from DREAM. DARE. DO. in Chicago, the every-three-year (maybe more often now!) convening of the Women’s Philanthropy Institute.
Wow. I am still reeling from the experience. It was an intense two days of immersion in conversation about women’s leadership in philanthropy, where it is coming from and where it will be going in the brave new political climate of a Trump presidency.
Grassroots activism is on the rise, from Standing Rock to the Women’s March on Washington to local organizing across the country. In the midst of all this, what better thing to do than attend a conference that is all about how to enhance civil society — the engagement of citizens in collective activity for the common good.
With this focus on growing civil society, the 2017 Symposium of the Women’s Philanthropy Institute offers panelists, speakers, and interaction aimed at understanding how women envision a better society, and then dare to take action to create that better place.
Last year when I was writing for Inside Philanthropy, David Callahan and I co-authored a list of the 50 Most Powerful Women in U.S. Philanthropy. It was a big hit. This year, I have decided to follow up and develop eight shorter lists. The lists will start with Emerging Most Powerful Women.
Why start with emerging? Using emerging women leaders as our starting point helps us get a sense of how these women are influencing some of the changing dynamics of philanthropy. Some of the emerging women are quite different from the more established women leaders in philanthropy. Many of these emerging leaders take a strong stance on the need for philanthropy to be more integrated into the economy and inclusive of marginalized groups. A heightened awareness of the need for collaboration across sectors to achieve systemic change is also a key point for many of them.
“When you think of the big gala events, you have to scratch your head and say, ‘why do people go to all that effort?’ I mean, those can be effective fundraisers, if done responsibly. But when they net very little or fail to break even, doing nothing but raising awareness, I don’t buy into that.”
These are the words of Jacqueline Caster, founder and president of the Everychild Foundation, and master of the art of creating women’s giving circles—an effective and increasingly popular way to raise money.
The Everychild Foundation model has had a significant impact, and not just locally. It has been replicated by over 15 organizations, including two in London, some in other states, and many throughout California.