EP #111: Generation Impact with Sharna Goldseker and Michael Moody
We’ve said before that giving is contagious. It applies to many aspects of life. The more intentional you are about what and how you give, the more effect you will have. It can be challenging to dedicate the time for deep thought related to the subject. It’s much easier to stroke a check or even sign up to volunteer at a local event that is already organized. If we all spent a little more time researching how to get involved in the things that we can be most effective, the world will be an even better place.
Research isn’t always easy but it’s necessary. The philanthropic world has plenty of data. We should use it to determine the best ways for us to help our fellow humans. Sharna Goldseker and Michael Moody have each had extensive careers working with foundations, donors, and other generous people. They each desire to make a better connection between giving people and needy causes. Their research found some interesting things about how the current generation wants to do positive impact. You’ll want to note their findings to help you use your gifts and skills for the most good.
What You'll Learn In Today's Episode:
What positive impact means to the current generation
How multigenerational impact is important and inspiring
How a charitable foundation can make a difference for generations
How next generation inheritors can be overwhelmed
How we can make the world a better place with philanthropy
Why we need to be better at philanthropy
How much wealth is being transferred to the next generation
How the next generation is earning more money in different ways
How pandemics have made the need for philanthropy more urgent
How the next generation cares about similar issues
How the next generation is looking for different ways to make a difference
How the old rules are changing
What a triple bottom line is
How the environment can benefit from well run companies
Why it’s important for donors and non-profits to collaborate
How to use your time, talents, treasures, and ties for good
How giving improves longevity
How the next generations wants to make a difference now
How to teach kids about philanthropy
How volunteerism is transformational
How the characteristics of generosity are built at a young age
Why you should connect your interest to your volunteer experience
Some real life stories of how people built generous habits
How failing forward applies to philanthropy
How philanthropy involves risk
Some tips on co-authoring a book
Ideas Worth Sharing:
“59 trillion dollars is being transferred to the next generation-about half of that going philanthropically.” - Sharna Goldseker quoting John Haven’s study
“I came out of college with this idea that I wanted to make the world a better place.” - Michael Moody
“Philanthropy…is a powerful force for making the world the way it is.” - Michael Moody
“There seems to be this feeling of urgency amongst the next generation.” - Sharna Goldseker
“People are earning wealth at early ages.” - Sharna Goldseker
“What’s different is how they want to go about making and impact on those.” - Michael Moody
“They want to work for a company that has a triple bottom line.” - Michael Moody
“There not as particular about what that impact needs to look like.” - Sharna Goldseker
“I had time to give. Talent to give.” - Sharna Goldseker speaking about the next generation donor mindset
“The default used to be create a perpetual institution.” - Michael Moody
“I want this to make an impact now.” - Michael Moody speaking about the next generation donor mindset
“You don’t get to step into the adult’s table conversation until later in life.” - Michael Moody
“75% of the people we interviewed started to volunteer before the age of 15.” - Sharna Goldseker
“There’s not one form that fits every family…you have to fit the function.” - Sharna Goldseker
“There’s not one single way that you work together on a book.” - Michael Moody
“It’s incredible gratifying to capture what you've been working on.” - Sharna Goldseker
“There seems to be much more of a focus on giving while living.” - Bob DePasquale
“You don’t necessarily have to have a massive amount of wealth to teach kids about generosity.” - Bob DePasquale
Resources In Today's Episode:
Michael - LinkedIn
Sharna and Michael’s book - Website - Generation Impact: How Next Gen Donors Are Revolutionizing Giving
Bob’s Book - Personal Finance in a Public World
This week’s E-Impact Blog Entry
Episodes Referenced:
EP #08: Making A Difference Through Impact Investing with Jon Sahn
