Wednesday, November 25, 2009

The business of benevolence

Katherine Fulton is president of Monitor Institute.  Monitor Institute’s mission is to help innovative leaders develop and achieve sustainable solutions to significant social and environmental problems.  In this presentation she has completely integrated Theory U into her discussion of the philanthropy that wants to emerge from our collective future.

1 comment:

  1. As a fundraiser, I can attest to being in organizations where you feel this tension between the old way of fundraising and the new forms of philanthropy that Fulton describes.

    One organization had 80% of its staff through committed volunteers, but when Social Venture Partners offered money tied to volunteers (their volunteers), the leadership baulked. It took time to turn people around to the notion that the opportunity offered with SVP could really benefit the organization.

    It was also at this agency that we began accounting for the time our volunteers gave our clients. The organization's budget added new line items: one rate for professional volunteers (licensed counselors) and another for administrative volunteers. Counting the total philanthropy given to the agency almost doubled our budget!!! Accounting for this form of philanthropy brought in more money and added depth to our already compelling mission. In an interesting way it added value to our volunteers and strengthened their commitment.

    In both big and small organizations the tension between the old and new forms of philanthropy is still there. I'm curious if the UW will be able to adapt to these changing times in philanthropy. More specifically, I'm curious about the new relationship with the Evans School and the X Prize to see if the research conducted will impact the local community as well: http://evans.washington.edu/node/3342

    Thanks,
    April Johnson

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