Small Nonprofit: Fundraising Tips, Leadership Strategies, and Community-Centric Solutions Trust-Based Philanthropy & Grant-Making with Megan Lorius
What is trust-based philanthropy? In this episode of Small Nonprofit, Maria sits down with Megan Lorius, Managing Director of the Sprott Foundation, to explore the principles and practices of trust-based philanthropy and grant-making.
Megan shares insights into how the foundation supports nonprofits by centering trust, human connection, and respect for the grantee’s time and mission. Megan shares valuable insights and advice for both funders and fundraisers on how to create a more collaborative and impactful philanthropic landscape.
This conversation is a must-listen for fundraisers, funders, and nonprofit leaders looking to reimagine philanthropy.
Trust-Based Philanthropy & Grant-Making – The Highlights:
- What is trust-based philanthropy, and how does it differ from traditional approaches?
- How the Sprott Foundation eliminates barriers for nonprofits.
- The importance of multi-year, unrestricted funding.
- Open communication and feedback loops between funders and grantees.
- Building human connections and shifting power dynamics in philanthropy.
- Actionable advice for funders to implement trust-based principles.
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About Megan Lorius:
Megan is the Managing Director at the Sprott Foundation, a Toronto-based foundation that grants funds to organizations seeking to solve hunger and homelessness. She's also part of the board of directors at InterAction Council. Established in 1983, the InterAction Council (IAC) is an independent non-profit organization whose objective is to address long-term, global issues facing humankind.
Links and Resources:
- Connect with Megan Lorius on Linkedin: https://www.linkedin.com/in/megan-lorius-a6894211/
- Check out the Sprott Foundation website: https://www.sprottfoundation.com/
- Connect with Maria on LinkedIn: http://www.linkedin.com/in/mariario/
- Support the show: https://www.buzzsprout.com/208666/supporters/new
- Watch this episode on Youtube: https://youtu.be/3rfg-E_V464