Wealth of Wisdom Barnaby Marsh – How Can You Wisely Develop a Long-Term Strategy For Your Philanthropy?
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Nov 7, 2018 Barnaby Marsh, co-founder of philanthropy agency Saint Partners, shares his expertise on developing effective long-term philanthropic strategies. He emphasizes the challenges in measuring impact and cautions against the myth that more money equals better outcomes. Barnaby encourages identifying personal passions to guide philanthropic identities and advises families to embrace flexibility while crafting legacies. He also highlights the personal fulfillment that philanthropy brings and warns against common pitfalls like unintended consequences.
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Money Alone Doesn’t Guarantee Philanthropic Success
- Philanthropy is often harder than making money because results are less measurable and require more than funds.
- Barnaby Marsh warns that money alone doesn't guarantee success and can be wasted without talent and vision.
More Money Can Worsen Outcomes
- More funding doesn't automatically produce better outcomes and can create costly pathologies.
- Marsh recommends starting carefully and avoiding expensive repairs by planning thoughtfully up front.
Start With Family Passions
- Focus on passions: identify what gives donors deepest satisfaction and past experiences that motivate them.
- Use those passions as the glue to bind family giving and sustain long-term engagement.
