If you’re new to philanthropy, you’ve likely encountered a range of new vocabulary in your research. We’ve tried to narrow down some of the most commonly used phrases and while it isn’t an exhaustive list, we hope it’ll help you on your philanthropic journey.
Practical approaches used to achieve transformative social impact. Large-scale change often takes more than 20 years and requires winnable milestones and design approaches that will work at a massive scale. Learn more.
Participants share a vision of change and a commitment to solve a complex problem by coordinating their work. Learn more.
Community foundations are grant-making public charities that are dedicated to improving the lives of people in a defined local geographic area. Learn more.
The use of high-quality evidence and careful reasoning to work out how to help others as much as possible. Learn more.
A philanthropic vehicle established at a public charity. Donors are permitted to make a charitable contribution, receive an immediate tax benefit and recommend grants from the fund over time. Learn more.
An extended group of donors who interact and remain in informal contact for mutual assistance or support. Some donor networks are targeted to specific audiences in philanthropy (such as Women’s Donor Network, which focuses on women donors or Resource Generation, which focuses on younger donors), while others seek to be inclusive of a broader array of audiences (such as Exponent Philanthropy). Donor networks provide opportunities for donors to connect with others and learn about giving with and from peers. Some also offer opportunities for donors to give together to address strategic opportunities.
A charitable giving vehicle where funds come from members of one family. Learn more.
A form of participatory philanthropy where groups of individuals donate their own money or time to a pooled fund, decide together where to give these away to charity or community projects and, in doing so, seek to increase their awareness of and engagement in the issues covered by the charity or community project*. Many circles, in addition to donating their money, also contribute their time and skills to support local causes. A giving circle can be a subset of members in a donor network collaborating on a strategic initiative, or can also be a donor network unto itself. Learn more.
The practice of strategically using time, talents and resources to make meaningful, measurable change. Learn more.
The action of solving problems and making a commitment to partnering with the people closest to the issues philanthropists aim to solve. Learn more.
Placing capital in enterprises that generate social or environmental goods, services, or ancillary benefits, with expected financial returns ranging from the highly concessionary to above market. Learn more.
Funds that are managed by expert fund managers who build a portfolio of philanthropic investments in nonprofits all aimed at solving a particular social or environmental issue. Learn more.
The changes, benefits, learnings or other effects that result from what the project or organization makes, offers or provides. Outcomes can be for individuals, families, or whole communities. Learn more.
Originating from Greek and meaning “love for mankind.” The modern definition encompasses the practice of voluntary giving for humanitarian purposes by an individual or group. Learn more.
*Eikenberry, Angela; Bearman, Jessica (May 2009). “The Impact of Giving Together: a snapshot of a study on giving circles’ influence on philanthropic & civic behaviors, knowledge & attitudes” (PDF). Forum of Regional Associations of Grantmakers. Retrieved May 21, 2011.
Sources: Council on Foundations, Philanthropy Impact, National Philanthropic Trust, EffectiveAltruism.org, National Center for Family Philanthropy, National Council of Nonprofits.
Impact Philanthropy is a complex topic, and others found these selections from the Impact Giving archive from Giving Compass to be good resources.
Looking for a way to get involved?
Effective Altruism is a fascinating topic, and others found these events, galas, conferences and volunteering opportunities aggregated by Giving Compass to be relevant for individuals with a passion for Effective Altruism.
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 Effective Altruism take a look at these Giving Funds, Charitable Organizations or Projects.