Giving Compass’ Take:
• Ross Chapman, writing for Medium, describes the process and criteria he uses to decide where to invest his money for social change.
• Why is it important to strategically think about where and who your money is going toward?
• Read the Center for High Impact Philanthropy’s magazine on Giving Compass.
Last year I decided it was time to start making more bold and radical steps as a class-privileged person with substantial access to financial resources toward true redistributive and reparative investment. Here’s a little bit about what went into deciding where to give followed by the list.
When I sat down and reviewed the state of my giving/investment strategy these questions helped me see somewhat safe choices being made in a vacuum. I was giving only around $2000/year to black- and Brown-led groups working on the tech pipeline and fighting racism in the corporate world.
But while I felt good about choosing some amazing groups, my giving plane was overdue for revision — a process I had gotten out of the habit of doing annually. I realized I wasn’t being accountable and risking enough.
After further, tougher, reflection; spending time in community with staff and members of Resource Generation at our local chapter events here in the Bay and conferences — especially folks of color, non-binary folks, and women; squeezing myself out from RG making connections with folks from multi-racial grassroots funding circles (see below)…eventually, I landed on three organizations to direct the lion share of my redistributions for 2018+.
One important commonality amongst these organizations is that they all regrant or reinvest donations.
- Must direct capital to organizations focused on root causes
- Must have directly impacted people as primary leaders and decision-makers and fund organizations with the same
- Grants must support movement building by also supporting capacity building for recipients
- Must center their grantees, are transparent about their decision-making, and work closely with grantees and activists to collaboratively define success
- Must force me to give/invest beyond my comfort zone (eg: $5000 is the starting contribution for donors joining the CJI giving circle; $25,000 for Working World.
Read the full article about thinking about strategic investments by Ross Chapman at Medium
If you are looking for more articles and resources for Philanthropy, take a look at these Giving Compass selections related to impact giving and Philanthropy.
Looking for a way to get involved?
Learning with others and benchmarking are key steps towards becoming an impact giver. If you are interested in giving with impact for Philanthropy, take a look at these events, galas, conferences and volunteering opportunities to connect with individuals like you.
Are you ready to give?
In addition to learning and connecting with others, taking action is a key step towards becoming an impact giver. If you are interested in giving with impact for Philanthropy take a look at these Giving Funds, Charitable Organizations or Projects.