Capital Club Do Your Good and Give Away Money Effectively with Sybil Ackerman-Munson
Are interesting in donating, but you’re not sure how to choose an organization that is aligned with your values and what you’re passionate about? In today’s episode, we have a great conversation with Sybil Ackerman-Munson, a Philanthropic Consultant with over 20 years of experience as a nonprofit professional and foundation advisor. She will share with us her journey working with donors and nonprofits to help them be more effective and efficient in their giving. Sybil also discloses how people can donate, make the most impactful donation possible, and the key things donors should be looking at when evaluating nonprofits. Her mission is to make sure that everyone involved in a donation has the best chance of achieving their goals.
Let’s dig into giving away money effectively!
Key Highlights:
[00:01 - 08:02] Open Segment
Why it's important to focus on what you care about rather than worrying about what you should be doing
Sybil explains why Impact investing is a way to make a return while still doing good in the world
[08:03 - 20:13] Talking Yourself About Your Interest in Giving
Think about what you're passionate about, and then look for organizations that focus on that issue
How you want to approach giving, and decide if you want to give to a few select organizations
Sybil breaks down the types of funders
Make sure the organization is aligned with your values
[20:14 - 30:18] There's a Lot More Transparency Around Philanthropy
Why saying no can be easier if you have a roadmap in place
Check out her guide “How To Say ‘No’ To A Nonprofit “
There's been a shift in the way people are giving away their money
[30:19 - 40:07] Give Away Accounts to Zero
Sybil’s insights on having an intermediary
What happens when a nonprofit is competing with other nonprofits
How campaign funding, spend downs, and no strings attached funding can have different consequences for nonprofit organizations
[40:08 - 43:55] Closing Segment
The current state of philanthropy and how high net worth individuals are rethinking their giving
Listen to her show Do Your Good
Key Quotes:
"I kind of have a responsibility to make giving more transparent and really sort of democratizing giving in a lot of ways." - Sybil Ackerman-Munson
"If you're not an expert in the issue, you are going to want to contract an expert who can help you and advise you in your giving strategy.” - Sybil Ackerman-Munson
“In order to be a successful sustainable or campaigner funder, you need to be very clear about what you're looking for in terms of outcomes, and also make sure that the organization you're supporting is aligned with your own values.” - Sybil Ackerman-Munson
Connect with Sybil:
Website: https://www.doyourgood.com/
Email: sybil@doyourgood.com
Facebook: @doyourgood
Instagram: @doyourgood
Connect with me on LinkedIn!
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