Giving Together Has Exponential Effects On Communities
Philanthropy used to imply a flashy name and a big check. Today philanthropy involves many checks and many donors committed to working together to change lives and communities. Collective giving or giving circles, as they are known, have been quietly at work for decades. Now, they are front and center in the world of philanthropy as a movement that continues to gain in popularity, strength and results.
Collective giving is a form of grantmaking that involves learning, decision making and community building together – activities that particularly appeal to women donors. Participants who are part of a collective giving grantmaking organization, or giving circle, aren’t as likely to simply give a check and move on. They are engaged for the longer term. They want to learn about the needs of their community, read letters of inquiry from nonprofits, go on site visits, do due diligence on prospective grantees and ultimately vote democratically on which nonprofits receive grants. Moreover, they tend to not only stay involved in their organization, but often become donors, volunteers or board members of an organization that they encountered through the vetting process.
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