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| How young people are a part of family philanthropy |
| 1. Serving as members of a foundation board: As foundation board members, young people are responsible for governance, grantmaking, and other duties.
2. Joining a junior or next generation board or adjunct committee: Some funds set up next generation boards to involve and educate young family members about philanthropy. Members are typically given an allowance of grantmaking money to allocate as a group, though foundation boards typically reserve power of final approval.
3. Building a next generation fund: A new, autonomous fund is created for the next generation to run. Its assets may come from the contributions of family members or an older fund.
4. Allocating discretionary funds or matching grants: A next generation member may allocate discretionary funds to issues they are personally connected, though often pending final approval from the larger group. Matching grants are available to increase a personal gift of time or money by a young person to a qualified organization.
5. Participating in educational opportunities: This may take many forms, such as: finding a mentor, networking with peers, going on site visits, interning, serving on foundation committees, facilitating meetings, creating a giving plan, participating in a giving circle, volunteering for a non-profit, and attending conferences and workshops.
6. Serving as fund staff: Young people work as volunteer or salaried members of their family fund's staff.
7. Making decisions for a donor-advised fund: While donor-advised funds typically designate one person as an official advisor, that person may involve young people in decisions about where funding should go.
8. Becoming successor advisors for a donor-advised fund: A member of the next generation is appointed as the fund's primary advisor when the original advisor is no longer involved.
An excerpt from Creating Change Through Family Philanthropy: The Next Generation
By Alison Goldberg, Karen Pittelman and Resource Generation
www.changephilanthropy.org [1]
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Citibank and YMCA Singapore launch Youth for Causes 2007
Citibank-YMCA Youth For Causes is a community initiative jointly organized by Citibank and YMCA, where youth are provided with seed funding and other resources to execute their creative ideas to benefit a charity of their choice. This year, 150 groups were selected out of the record number of 245 to pitch their ideas in person to a panel of judges. Based on the creativeness of each project, the amount they hoped to raise and what they hoped to achieve, the judges selected the top 105 innovative ideas.
As most of the teams do not have prior experience in organizing social entrepreneurship events, they will be given training through the YMCA-NUS Business School Volunteer Service Management Programme, the first training course for the social service sector certified by a recognized local university. A mentor will also be attached to each team to provide guidance throughout their project. Here's how it works:
1. Youth groups interested in participating in the Citibank-YMCA Youth For Causes programme are asked to come up with innovative project proposals for using seed money of S$1,600.00 per group to benefit a Singapore-registered voluntary welfare organization (VWO) of their choice
2. Once chosen, each qualifying youth group will be assigned a mentor from Citibank or YMCA of Singapore on top of their S$1,600.00 grant.
3. The projects by the qualifying youth groups must be implemented and completed within a 16-week timeframe from 21 May to 1 Sept 2007.
Since YFC's pilot launch, the Citigroup Foundation has quadrupled its 'seed funding' for the programme to from S$40,000 to S$160,000. The programme is reinforced by a mentorship initiative, where project teams are guided by working professionals from Citibank and YMCA of Singapore.
For more information, visit www.youthforcauses.com [2].
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Global Knowledge Partnership to hold Young Social Entrepreneurs Forum
A Young Social Entrepreneurs Forum will be the key feature of the Global Knowledge Partnership's 3rd Global Knowledge Conference, which is to be held in Kuala Lumpur, Malaysia in December this year.
GKP runs the Youth Social Enterprise Initiative (YSEI), a programme dedicated to young social entrepreneurs that offers support in the four key areas of knowledge, networking, mentorship and financing.
The Forum is designed for young people who are interested in using knowledge and information and communications technology (ICT) to make a positive social impact, ultimately shaping a better life for their communities. It hopes to serve as a venue for them to pool their knowledge and experiences, as most of the panel discussions will be designed and participated in by young social entrepreneurs themselves.
The Forum has also invited several funding organizations, private sector, government and civil society representatives. It is hoped that by doing this, the Forum will be able to provide a platform for young social entrepreneurs to 'pitch' their project ideas to experts and to secure funding.
For more information, visit www.ysei.org [3]
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| Links to More Resources |
| Council on Foundations [4]: The Council on Foundations (COF) is a membership organization of more than 2,000 grantmaking foundations and giving programs worldwide. The Council runs capacity-building activities for young grantmakers such as the Next Generation Retreat, which provides participants with an opportunity to meet their peers ages 18 -35, who are involved in family foundations or who are preparing for future involvement.
National Center for Family Philanthropy [5]: The National Center for Family Philanthropy is a US-based organization that seeks to promote philanthropic values, vision, and excellence across generations of donors and donor families.
Learning to Give [6]: The curriculum division of The LEAGUE, a school and web-based system for service learning, educates youth about the importance of philanthropy, the nonprofit sector, and civic engagement. The Learning to Give Web site offers over 1,200 K-12 lessons and educational resources for teachers, parents, youth workers, religious instructors and community leaders free of charge.
Resource Generation [7]: A national organization that works with young people with financial wealth who are supporting and challenging each other to effect progressive social change through the creative, responsible and strategic use of financial and other resources.
AsiaNextGen Giving Circle [8]: Founded in 2004, a dynamic group of young Asian-Americans collectively engaged in high impact philanthropy by strategically funding critical areas of interest to the community. Members are given the opportunity to pool their donations, to ensure that each contribution will have a significantly greater impact.
Youth Philanthropy Worldwide [9]: New Global Citizen's mission is to mobilize young people in the United States to help solve the world's biggest problems.
Emerging Practitioners in Philanthropy [10]: is a national network of young professionals and people involved in the work of organized philanthropy. EPIP's mission is to support and strengthen the next generation of grantmakers in order to advance effective social justice philanthropy.
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 www.konjaidee.com [11].
- A CSR Institute to be established by the Stock Exchange of Thailand (SET) to promote CSR,
- A national financial framework for social development presented to the Ministry of Finance,
- New efforts at fundraising at the provincial and community levels, in cooperation with the Ministry of Human Security and Social Development.
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Council on Foundations, European Foundation Centre Develop Principles of Accountability for International Philanthropy
In an effort to increase the accountability and effectiveness of cross-border grantmaking, the Council on Foundations (COF) and the European Foundation Centre (EFC) recently announce the creation of the Principles of Accountability for International Philanthropy.
"The growth of global philanthropy is obvious - in interest, engagement, and need. But the importance of these Principles is their commitment to enhancing the impact, and effectiveness of such giving," said Steve Gunderson, president and CEO of the Council on Foundations. "These principles represent the best standards developed by the most experienced philanthropic leaders in both Europe and the United States. They should serve as a guide for all international giving strategies."
The impetus for the Principles grew from the understanding that cross-border philanthropy can be more challenging and complex than domestic grantmaking because of differences in culture and language as well as legal and accounting systems. Understanding the context in which your international grants will be made, respecting cultural differences and local knowledge, listening carefully to international grantees and partners, and responding to their needs and realities rather than imposing your own agenda are among the good accountability practices highlighted in the Principles.
You may download a copy of the Principles from www.cof.org [12].
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Tata family to be awarded 2007 Andrew Carnegie Medal of Philanthropy
India's Tata family is one of this year's recipients of the prestigious Andrew Carnegie Medal of Philanthropy, which was first awarded in 2001 at the centennial observance of Andrew Carnegie's official career as a philanthropist.
Today, the Medals are given every two years to honor families and individuals from around the world who, like Andrew Carnegie, have dedicated their private wealth to the public good and who have sustained their philanthropic activities.
"The impact this year's Laureates have had on the well being of families around the world has taken philanthropy to new heights for commitment, daring and vision," said Vartan Gregorian, president of Carnegie Corporation of New York and chair of the executive selection committee. "These philanthropists have used far more than their collective wealth to introduce change. They have put their conviction and courage to work embracing seemingly impossible challenges that many others have avoided."
According to the Carnegie website, the Tata family "gives away between eight and 14 percent of the net profits from its controlling company each year to myriad causes: science, medicine, social services, health, civil society and governance, rural welfare, performing arts, education and the needs of children. Tata family funding has established pioneering institutions in social sciences, cancer research and treatment and tropical disease research. The family's philosophy of "constructive philanthropy" has become embedded in its businesses, and has played a role in changing the traditional concept of charity throughout India. The Tata family is considered one of the few philanthropic forces in the country with the potential to facilitate collaborative action on the problems that threaten individual, local and national development."
Mr. Ratan Tata a strong proponent of corporate social responsibility, will accept the Award on behalf of the family.
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| August 2007
In this edition:
APPC Happenings [12]
Philanthropy News and Updates [12]
Perspectives [12]
Publications [12]
Announcements
[12]
To subscribe to
the APPC Post, e-mail info@asiapacificphilanthropy.org [13].
Mailing address:
Asia Pacific Philanthropy Consortium
2/F Center for Social Policy and Public Affairs (ACSP-PA)
Ateneo de Manila University
Loyola Heights, Quezon City 1144
Philippines
Telefax: (632) 426-1427
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