Advice for progressive billionaires who want to make the world better

[Image description: A stack of Euro coins, at the top of the stack sits a tiny figurine of a person sitting and reading a book. Wow, that is a tiny figurine. Where would one even get this? Image by Mathieu Stern on Unsplash]

Over the weekend I listened to this episode of The Ethical Rainmaker, where my friend (and fellow co-chair of Community-Centric Fundraising) Michelle Muri talks with journalist Teddy Schleifer about billionaires and what they’re doing with all that money. Apparently, during the pandemic, the number of billionaires increased by 30%, and 86% of them got even more wealthy than before the pandemic. According to Teddy, Silicon Valley billionaires will in the next couple of decades overshadow large established foundations in terms of assets and influence.  

However, there is significant angst about what to do philanthropically with this newfound wealth. There are so many factors to consider: which issues to choose, how to deploy it effectively to bring about the most societal good, how to avoid current ineffective practices. This causes many billionaires to just set money aside in Donor-Advised Funds and other vehicles while they try to figure things out. Some of them literally send tweets asking for suggestions on what to do, what issues they should work on. And because so many of these billionaires are men, they often ask their wives or partner to handle the philanthropy.

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12 ways “all lives matter” manifests in nonprofit and philanthropy

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Hi everyone, before we get to this week’s topic, thank you to those of you who voted on the new name of our annual sector-wide event where nonprofit and philanthropy leaders get together to get snacks and hang out to help break down some of the pervasive power dynamics between us. (We’re changing the original name—BEER, Beverage to Enhance Equity in Relationships—to be more inclusive of colleagues in recovery). We got over 1500 votes! The clear winner, with nearly 40% of the votes, is PEEP—Party to Enhance Equity in Philanthropy. So there you have it. Some of you are hilarious, providing suggestions like Party to Enhance Equity, and Party to Open Others to Philanthropy.

Anyway, I hope you’ll host a PEEP event sometime around mid-June. If you plan to have one, please fill out this form, so that I can help promote your event. And so help me MYGOD (Multi-Year General Operating Dollars), if you call it a “PEEP Party” (like “ATM Machine” or “PIN Number”), I will rain hellfire on you and your communications team.

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The real reasons many organizations are still unable to diversify their board, staff, fundraising committees, etc.

[Image description: Three apples standing in a row on a shiny black surface, the two on the outside being red and white and identical, while the one in the middle is in grayscale but otherwise also identical in size and pattern to the other two. I thought I would mix it up a bit by including pictures of fruit instead of the usual pictures of baby animals. Image by geralt on Pixabay]

Hi everyone, sorry this post is a day late (my laptop updated at the most inconvenient time last night and took hours). Before we get to this week’s topic, quick announcement. BEER, which stands for Beverage to Enhance Equity in Relationships, took a break last year, but is now back on this year. It is a time for foundation staff and trustees and nonprofit staff and board members to get together in their cities and just hang out and see one another as human beings. It usually happens around the Summer Solstice, so this year it’ll be around June 17th or 18th. Of course, grabbing some fries or ice cream together preferably outdoor or virtually is by no means a substitute for meaningful change in philanthropy, but it’s a start.

However, we’re changing the name to be more thoughtful to colleagues who are in recovery or who don’t drink for religious or other reasons. The finalists so far are “Party to Enhance Equity in Philanthropy (PEEP),” “Beverage to Enhance Equity in Philanthropy (BEEP),” “Party to Enhance Equity in Relationships (PEER),” or “Power-Equalizing and Equity in Relationships (PEER).” Please go here to vote on it. I’m serious! It’ll take you literally 20 seconds. Feel free to suggest other names. I’ll announce the new name next week!

One of the questions I get asked most often when I give presentations is “Vu, have you tried tea-tree oil for your acne?” But also just as frequently asked is “What advice do you have for my organization as we try to diversify our board, staff, etc.?” For years people have been asking how to diversify their orgs. This is discouraging. We’ve had endless DEI workshops, various “white papers” and articles, and at least one puppet show. What the heck is going on? Why do we suck so much at diversifying?

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#CrappyFundingPractices and why we need to name and shame more often

[Image description: An orange-striped cat, sitting on the floor, one paw covering their face, the other paw covering their groin area. Image by skorchanov on Pixabay]

Around this time last year, the pandemic was getting into full swing, and all of us were terrified. I found out that some foundations were still requiring the printing-out and hand-delivery of grant proposals. These funders’ cluelessness was no longer just annoying, it was literally endangering people’s lives. I turned into a nonprofit Hulk and start smashing things around the house. But being vegan, I didn’t have the strength to do much damage. And so instead, the hashtag #CrappyFundingPractices was born on Twitter.

Over the course of the year, colleagues direct-messaged or emailed me the ridiculousness they endured—from funders refusing to pay for staffing, to others requiring quarterly or weekly reports, to one who waited 30 months to make a grant decision—and I would call these funders out by name using the hashtag. Colleagues would pile on, retweeting and commenting. Sometimes we hear nothing from the funders. Other times, they respond with committee-written malarkey, and on some occasions, they actually apologize and make corrections.

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10 ways to make executive leadership searches and transitions better and more equitable

[Image description: Three meerkats, huddled together, each looking in a different direction. They appear pensive. These meerkats have nothing to do with the content of this post. It’s just that it’s been a while since NAF featured meerkats. Image by Joshua J. Cotten on Unsplash]

Hi everyone, quick announcement before we dive into this week’s exciting topic about executive search. If you’re free this Wednesday, April 21st, at 10am PT, please join me in this discussionMoving to Racial Equity: What’s Getting in the Way!?! | A Conversation with Nonprofit Leaders.” It is cosponsored by Castellano Family Foundation and Silicon Valley Community Foundation. I’ll be flipping over tables as usual, but I’m trying to cut back on swearing, gosh darn it. It’s free; register here. Captions will be provided.

Last week, I got this note from a colleague: “I work in philanthropy and was talking with a friend working at a non-profit, and we were sharing our frustrations about how opaque the search process was/is for new leaders at both our orgs, and how little staff and community involvement there was in the decision-making process. I’d love to see you tackle the way these searches happen and search firms and Board committees work currently, and suggest ways that we might work differently (even given the need for confidentiality about candidates to a point, etc).”

This has been on my list of stuff to rant about for a while, so I appreciate the nudge. Last August, Nonprofit Quarterly’s Editor-in-Chief Cyndi Suarez wrote this brilliant piece on the topic, “What Does an Equitable Executive Leadership Transition Look Like?” It points out the inequity of our current philosophies and practices and proposes some new ways of doing things. I highly recommend everyone reads it.

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