Philanthropy

Donor Commitments- Make Sure they are Clear!

Posted by 14 Apr, 2015

The recent Globe and Mail article on some donor unpaid pledges at the Royal Ontario Museum has sparked a lot of discussion in the philanthropic community: http://bit.ly/1EhM1vG From a donor’s perspective  it is always good to be clear on how you will fulfill your commitments. Of course you will have had discussions with the organization […]

The recent Globe and Mail article on some donor unpaid pledges at the Royal Ontario Museum has sparked a lot of discussion in the philanthropic community: http://bit.ly/1EhM1vG

From a donor’s perspective  it is always good to be clear on how you will fulfill your commitments. Of course you will have had discussions with the organization and may have sent a few emails back and forth but when all has been determined in relation to your gift, the best thing for you to do is:

Put it in writing!

A simple letter will do or a fully executed formal agreement if you so choose but make sure you have clearly advised the organization:

  • The purpose of your gift
  • How much you are giving
  • When and how you will pay
  • Any expectations you may have in relation to reports or recognition
  • What to do in the event of changes to the project or fulfilling your commitments

A few simple steps to ensure all parties are aware of your gift, your intentions and expectations is helpful for both you and the organizations you support. Need some help with your giving? Contact us at info@philanthropic.ca

Comments Off Categories : Monitor & Evaluate, Philanthropy, Research & Due Diligence, Terry Smith

Does Your Philanthropy Give You Joy?

Posted by 1 Dec, 2014

Well, it should! Too often lately I have had discussions with donors who are not exactly filled with joy about a donation they have given. What should you do if you are not happy with the result of your gift? 3 quick tips: 1. Ask for an update report. It may just be that the charity […]

Well, it should!
Too often lately I have had discussions with donors who are not exactly filled with joy about a donation they have given.
What should you do if you are not happy with the result of your gift?
3 quick tips:
1. Ask for an update report. It may just be that the charity has not had a chance to keep you up to date. A quick email update on the status of how your funds are being used can often help.

2. Talk to them! Go and visit or invite the charity to a meeting and ask them how things are going. Let them know how you are feeling and what you had expected. In most cases the charity will quickly fix the issue.

3. Have clear expectations.  It may seem natural for you to expect the charity to report back, to tell you how your funds are making a difference or to provide you with appropriate recognition. However, sometimes charities are not always clear on your expectations. It is best to put these expectations in writing so all parties are clear on  the purpose of the gift, what you hope it will achieve and how the funds  are to be expended.

Giving should bring you joy. Need some help? Contact us at info@philanthropic.ca

Comments Off Categories : Monitor & Evaluate, Philanthropy, Terry Smith

The Slaight Family’s $50M Gift to 5 Toronto Hospitals- A New Way of Giving?

Posted by 30 Oct, 2013

What a great announcement for Toronto Hospitals from the Slaight Family: http://bit.ly/1bzXAw0 St. Michael’s: A new emergency department Toronto General & Western for UHN: Canada’s first  full body 7 Tesla MRI machine Mount Sinai: A new labour and delivery unit and maternity care support for high risk women Sunnybrook: State of the art PET MRI  […]

What a great announcement for Toronto Hospitals from the Slaight Family: http://bit.ly/1bzXAw0

St. Michael’s:

  • A new emergency department

Toronto General & Western for UHN:

  • Canada’s first  full body 7 Tesla MRI machine

Mount Sinai:

  • A new labour and delivery unit and maternity care support for high risk women

Sunnybrook:

  • State of the art PET MRI  enabling the world’s first imaged guided brain therapy & repair

CAMH:

  • World-first services in mental health care for youth

Each gift astonishing in and of itself but to have all 5 gifts announced together is truly extraordinary.

So what is new about this way of giving?

The Slaight family worked very closely with each hospital for almost a year to find the right fit. They wanted to make sure that their support would truly make a difference to each hospital & their patients.

The Slaight family funds will help kick start major life saving initiatives and provide state of the art facilities and equipment that has been badly needed and were top priorities for each hospital.

Each hospital will have outcomes and impacts they will need to address on an annual basis to ensure the funds are being used as intended and are indeed making a difference.

And very importantly, the process brought all 5 hospitals together resulting  in many collaborations that will help save lives for years to come.

Truly, thoughtful, impactful, passionate  philanthropy.

Congratulations to the Slaight Family for leading the way with this new approach to philanthropy and inspiring others to give back in their own communities.

Philanthropic.ca is honoured to have been a part of  this process.

Need help with making your giving impactful?  Contact us at:  info@philanthropic.ca

Comments Off Categories : Philanthropy, Research & Due Diligence, Terry Smith