Untapped Philanthropy What does the future of family philanthropy look like in America?
Jan 26, 2021
In this engaging discussion, Nick Tedesco, President and CEO of the National Center for Family Philanthropy, shares his insights on the evolving landscape of family giving. He highlights lessons learned from major philanthropy and the importance of breaking down gaps between donor intent and practical support. Tedesco emphasizes the role of technology in fostering connections among funders and advocates for participatory grantmaking to include community voices. He discusses how the COVID-19 pandemic has reshaped philanthropic practices toward greater collaboration and equity.
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Early Roots And Gates Origin Story
- Nick describes growing up in a Greek-American family steeped in service and small acts of charity.
- He recounts joining the Gates Foundation and how that experience ignited his passion for philanthropy.
Intent Versus Capacity Gap
- Most philanthropists lack the time, knowledge, and structures to deploy capital effectively.
- This gap creates a persistent gulf between philanthropic intent and meaningful action.
How Big Philanthropy Must Cooperate
- Large-scale philanthropy can drive systems-level change but must embrace transparency and collective coordination.
- Communication and accountability are essential to align big funders toward shared outcomes.