Philanthropy is about more than just giving money; it’s about giving with intention and creating meaningful change in the world. Whether you’re supporting a local nonprofit, contributing to global initiatives, or finding new ways to engage with the causes you care about, there are many ways to maximize your impact. By giving thoughtfully, strategically, and consistently, you can become a donor who truly makes a difference. Here are some best practices and ideas for becoming an impactful philanthropist, from direct giving to sharing your networks and expertise. Start exploring how you can elevate your giving to match your vision for change.
Best Practices for Impactful Philanthropy
- Give to what you are passionate about!
- Give when you are asked.
- Give with joy.
- Look at your wealth – make a budget for what you need, what is necessary to live a life that you want, and give the rest away.
- Give directly & without designations.
- Give via check to minimize fees (especially large donations).
- Give regularly – monthly is best!
- Don’t contribute to endowment funds, unless asked.
- Don’t let your money sit in a trust or donor advised fund – the world needs the resources TODAY to effectively create change.
- Give feedback & suggestions.
- Read their updates.
- Attend events.
- Share on social media.
- Run a fundraiser.
- Volunteer.
- Give your stocks, bonds, mutual funds, IRA distributions, etc.
- Give your high-value assets – vehicles, collectibles, etc.
- Don’t give your junk, don’t purchase locally to distribute globally.
- Include charities in your will.
Take It To The Next Level – How To Be An Even Better Philanthropist
Share your networks.
- Organizations always need donors. Introduce your friends, family, coworkers, etc. to the organization.
- Host dinners or events.
- Invite the Executive Director (or other staff) to your company event, rotary club meeting, church group or study, etc.
Share your expertise.
- Volunteer your professional services.
- Help with tasks that cost the organization money to complete.
Use your privilege well.
- Advocate government, businesses, religious groups, etc. for necessary changes. Use your voice!
- Use your race, gender, wealth and power to open up doors for those who are excluded, to offer allyship and protection, to stand in solidarity.
- Recognize that often our best response to the challenges of others is silence: grief, repentance, solidarity, taking the back seat & purposeful emptying of self.
Remember that doing good isn’t just for those working at nonprofits, your financial support makes it possible. You are creating that impact too! When you raise the bar for yourself as a philanthropist, you will demonstrate to the charity what is possible, and you will raise the bar for others too.