Passing the Torch: Next Generation Philanthropists
The 2017 BNP Paribas Philanthropy Report explores how the next generation of philanthropists is shaping the future of philanthropy and balancing the weight of family legacies through new tools, technologies and strategies.
The report is based on desk research, in-depth interviews of millennial philanthropists and philanthropy experts.
The report outlines five main characteristics of the millennial philanthropist mindset:
1 – Belief in social entrepreneurship: millennials believe that supporting entrepreneurship and for-profit organisations (as opposed to a traditional non-profit) can be a more sustainable option to achieve their philanthropic ambitions. Their emerging sectors for social entrepreneurship are FinTechs, EdTechs, Renewable Energy and Food & Agriculture.
2 – A global approach: millennials are more global both in their causes and geographies than Baby Boomers: the younger generation wants to replicate successes across many places whereas the older one is focused on a single region.
3 – A desire for now: millennials do not want to wait before giving back as they know that they can make a change today.
4 – A different use of social media: millennials use digital channels differently from Baby Boomers, not only to promote their causes, but also to find grantees, donors, talents and to educate themselves.
5 – A collaborative culture: millennials believe they can be more effective if connected with peers through international or local networks, looking for co-investments, co-funding, new ideas and best practices.
AFR Magazine JBWere Philanthropy 50
The list of Australia’s largest private givers for 2015-16 which highlights amounts donated as well as the causes that each philanthropist cares about most.
Giving Australia 2016 – Philanthropy and Philanthropists
The first of five research reports from Giving Australia 2016, focuses on the giving patterns of high-net-worth and institutional givers.
The report presents the findings of Giving Australia 2016 on philanthropy, with a particular focus on monetary giving by philanthropists and by philanthropic institutions including trusts, foundations and evolving forms of collective giving.
Findings will be of particular interest to philanthropists and grant-makers, financial intermediaries including advisors and planners, and nonprofit organisations.
To coincide with the release of the report two fact sheets have been published to provide further information on structured giving vehicles and philanthropy and charitable bequests to support.
Looking back at 50 years of US philanthropy
Commissioned for the William and Flora Hewlett Foundation’s 50th Anniversary Symposium, Benjamin Soskis of George Mason University and Stanley N. Katz of Princeton University, take a look at the evolution of philanthropy in America in the last 50 years.
Soskis and Katz, co-editors of the HistPhil blog, examine the sector’s practices and trends, including growth and increasing diversity over time, philanthropy’s changing relationship with the state, and new “entrepreneurial variants” such as venture philanthropy and philanthrocapitalism.
“The idea to generate original research for the conference flowed naturally from our purpose and desire to take a fresh look at the sector’s past and future,” says Hewlett Foundation president Larry Kramer.
Scaling for transformative impact
The new thought leadership paper from JBWere calls for a frank and fearless assessment of impact in the social sector.
Head of Philanthropic Services, Shamal Dass, explains: “Impact is what matters at the end of each day—the activity undertaken and the outputs delivered are irrelevant if they do not create lasting impact for our beneficiaries—it is simply wasted money, time and energy.”
For even more reports about philanthropy and giving, head to Generosity’s Research & Reports page.