NewsMaximize Philanthropy With Giving Circles

Maximize Philanthropy With Giving Circles

Consider joining or creating a giving circle, whereby individual donors pool their money–and other resources–and decide together where to give it away.

Looking for a way to express your identity as a member of the community and to leverage your capacity to make a difference? Then consider joining or creating a giving circle, whereby individual donors pool their money – and other resources – and decide together where to give it away. In essence, giving circles provide an opportunity for individuals to join others through collective charitable giving.
Collective Philanthropic Giving

Giving circles provide an entry point for donors with lower income levels and a desire to become involved in charity work, according to Jumpstart Labs. “It doesn’t surprise me that minority groups participate in giving circles at higher rates because of the effect that giving circles have in focusing and amplifying the effect of their giving,” Jumpstart Labs’ chief executive Shawn Landres told the Chronicle of Philanthropy. There is something exciting about people pooling their resources and making joint decisions on how to give grants to improve life in their community, he added.

Giving circles also provide opportunities for democratic participation through agenda setting, decision-making, and face-to-face debates and deliberation, and they build the capacities of their members through education about issues, organizations, and the skills of grantmaking, reports Nonprofit Quarterly.
Start A Giving Circle of Your Own

Step 1
Find like-minded people with whom you can pool funds and then distribute the income in the form of grants.
Step 2

Step 3
Find a worthy cause or choose an agency (e.g., a pediatric cancer ward in a local hospital or a shelter for battered women) to whom the group will donate the funds.
Step 4
Decide where your giving circle will put its money before making a donation (e.g., savings, checking, or money market account), or if you want members to write individual checks to the cause you all agree to fund. Alternatively, decide whether you prefer a sponsor, such as a local foundation.

RELATED CONTENT: 11-Year-Old Black Boy Makes History, Raises $233K For Charity

Source: Black Enterprise

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