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Richard C. Peck Consulting, LLC & The Philanthropy Guy, LLC


Providing consulting and educational services to nonprofits, donors, and professional advisors related to impactful charitable giving

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Charitable Giving Newsletter

04/16/24


In This Week's Issue:


Givers Get...


Weekly Tips for Nonprofits, Donors, and Professional Advisors

Givers Get...

Loyal readers, as you are well aware, Americans are by nature incredibly generous and charitable. Individuals often start by giving to their alma mater, kids’ schools, religious institutions, local cultural institutes or other well-known, large organizations. It's what they do. And, in many cases, these individuals with increasing wealth are solicited for donations. For some, this type of “reactive” giving is not as rewarding or purposeful as they would like it to be. But, these individuals don’t have the time or access to advisors who can help them develop an intentional plan. They are giving but they are not getting much satisfaction in return. And, that is a shame.


Also, as it relates to financial advisors and accountants, studies have shown that discussing philanthropy with clients is good for business and helps with client retention. But are these advisors actually HAVING these conversations with their clients, with all that they are trying to accomplish in their core work with clients?


That is where my good friend, the amazing Erinn Andrews, and her crackerjack, seasoned GiveTeam come in. They specialize in supporting donors who fall in the top 2–10% of givers—those giving around $10K–500K per year who want to be more intentional about their giving. These donors care about a variety of U.S.-based issues, causes, and communities but may not know where to begin.


Many of their advisors are on the lookout for a group like GiveTeam and value the personalized service, quality, and speed they provide to the overall core client planning team. As a result, these givers can get that warm and fuzzy feeling they have been looking for! Now, take a deep breath and read about Erinn's impressive background below:

Erinn Andrews: Founder and CEO, Give Team

Erinn is a social entrepreneur and innovator who has been actively engaged in the philanthropic sector for almost 15 years. Most recently, she led the Effective Philanthropy Learning Initiative at Stanford’s Center on Philanthropy and Civil Society (PACS) where she conducted research to understand donor behavior, published resources for high-capacity donors and advisors supporting high-capacity donors, and developed innovative education programs—for donors and financial advisors. 


Prior to Stanford PACS, Erinn led GuideStar’s (now Candid) nonprofit strategy, managing the largest database of nonprofit information in the US. While at GuideStar, she developed and launched the GuideStar bronze, silver, gold, and platinum levels of distinction, encouraging more organizations to self-report qualitative and (standardized) quantitative impact data. 


After earning her B.A. and M.A. from Stanford University, she launched a start-up nonprofit called Philanthropedia (with funding from the Hewlett Foundation) to identify high-impact nonprofits across multiple cause-areas. Philanthropedia was ultimately acquired by GuideStar. 


Erinn serves as the Vice President and incoming President of the national board of International Advisors in Philanthropy, is a member of P150 (a global network of philanthropy advisors), acts as a “Kitchen Cabinet” advisor to Northern California Grantmakers, and is a member of the Peninsula Latina Giving Circle and SV2. She lives in Menlo Park, CA with her husband, two elementary-aged children, and their fluffy pup, Nugget. Read more about her team here:

About — GiveTeam (thegiveteam.com)

A Tip for Nonprofits: LYBUNTs and SYBUNTs: um, what are those? It's a secret code for lapsed donors: "Last Year But Unfortunately Not This year" and "Some Year But Unfortunately Not This year." What the heck do you do about those who have either decided consciously NOT to donate to your org on a regular basis, or they just forgot? Either way, you need to try to get them back! Read more here via the gold hyperlink: What Are LYBUNT & SYBUNT Reports? - Nonprofit Glossary (kindful.com)

A Tip for Donors: Are you aware of how community foundations work? Well, if not, then that's why the Community Foundation Awareness Initiative (CFAI) was built---for people like you! CFAI includes more than 130 community foundations in nearly all 50 states working to educate the public about how they’re improving communities. Check them out here via this blue link: About CFPAI — Community Foundation Awareness Initiative (commfoundations.com)

A Tip for Professional Advisors: A timeless decision for donors is whether or not to keep their private foundation (PF) or to transition it to a donor-advised fund (DAF). I have a great side-by-side comparison chart on that, and a few such charts can be found on the internet as well. This article via the American Endowment Foundation offers four scenarios that you might find familiar, and whether or not to convert from a PF to a DAF. Enjoy this very short piece via the grey link here: Common Scenarios for Transitioning a Private Foundation to a Donor Advised Fund (aefonline.org)

"Wealth isn’t always measured in dollar signs. We each have time, talent, and creativity, all of which can be powerful forces for positive change. Share your blessings in whatever form they come and to whatever level you have been blessed."

~Jon M. Huntsman

Richard C. Peck Consulting, LLC and The Philanthropy Guy, LLC

About Rick

228 Park View Drive

Belmont, NC 28012

+1 (603) 387-3897

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