EP #63: Maximizing Your Philanthropic Impact with Sylvia Brown
Financial giving is an incredible way to make an impact and do good in our world, and my guest today knows that as well as anyone. Sylvia Brown is a life-long philanthropist and a member of one of the most philanthropic families to ever exist. She joins the show to share insight from her experience in this area and discuss the importance of using your finances to create opportunity, change, and a lasting impact.
Listen in to hear how Sylvia has been able to motivate and teach others how to choose the right cause, measure impact, and much more. You’ll learn the common pitfalls that people deal with when it comes to giving and supporting causes, from mismanaged money to unintended consequences, and how to ensure and maximize the impact of your donations.
What You'll Learn In Today's Episode:
The wrong question donors ask (and what question should be asked instead).
Common problems when it comes to nonprofits and reporting.
What facts and figures to look at and how to avoid wrong analysis.
The most effective ways to help nonprofits get better at reporting.
How to properly vet the causes you support so it maximizes impact.
Why it’s a mistake to focus on overhead.
How you can track the impact you’re making.
Ideas Worth Sharing:
“As wise donors, what we really should care about is supporting high-performing organizations that really understand the problem they’re facing, that are really in touch with the beneficiaries, and are measuring whether they’re making a difference.” - Sylvia Brown
“There’s a myth out there that because money is going to a nonprofit that it must be doing good, and people don’t realize how much more powerful their donation would be if they really bothered to find the best-performing organizations.” - Sylvia Brown
“The more donors ask about the information they need to make wise decisions, the more we will compel nonprofits to report properly.” - Sylvia Brown
Resources In Today's Episode:
Grappling With Legacy by Sylvia Brown