How to Harness the Power of Philanthropy to Address Real Issues While Adding Value to Your Business with Nicole Juday

Are you interested in differentiating your company from competitors while giving back to the community?

In this episode, Nicole Juday explores how leveraging the foundation to engage with the company can create opportunities to differentiate it from competitors and attract talent. She stresses how to increase the capacity to give away more money effectively and responsibly, how the world of philanthropy has changed over the years, and how to restructure a foundation. Nicole shares her insight on ways to bridge the gap between those with resources and those without and how to manage the increasing demand for resources. Listen to explore what it takes to establish and run a successful foundation!

Nicole Juday Rhoads has 20 years of experience in the nonprofit sector, designing programs and overseeing their implementation. She was hired at the IDEAL Industries Foundation in 2021 to align philanthropic activity with corporate strategy and to increase impact.

[00:01 - 06:58] Opening Segment

• Nicole Juda discusses 20 years of nonprofit experience and a family business story

• How to align philanthropic activity with corporate strategy and increase the impact

• Nicole's career in the nonprofit sector developing programs, fundraising, and doing significant gifts

[06:59 - 13:41] Revamping the Foundation

• Restructuring, updating the mission statement, and making an impact with philanthropy

• Structural, legal, and cultural differences between the operating company and family office

• The parameters and guidelines for making decisions

• How to ensure good policies and insurance for board members

[13:42 - 20:37] Protect Your Portfolio from Inflation

• How the construction industry is a fast and effective way to build wealth

•  Addressing issues and problems that concern the company, its customers, or their communities

• The Ideal Industries Foundation

• The importance of honest communication between funders and nonprofits

[20:38 - 27:19] Trust-Based Giving to Nonprofits

• The ego of funders and agents of transformation

• Why building a network of potential implementation partners is key

• Focus on economic development and quality of life in the community

• Best practices for foundation work and diversifying the construction trades

[27:20 - 35:44] Closing Segment

• Nonprofits have difficulty reaching national donors, as opposed to local donors

• Learn as you go and not get paralyzed by perfectionism

• Make sure investments align with the mission of the foundation

Want to connect with Nicole? Head to Ideal Industries Foundation and increase equity and prosperity for all!

Key Quotes:

“When nonprofits feel that they are competing for funding, it's just really hard to be very honest.” - Nicole Juday 

“You just need to learn as you go. Do the best you possibly can, but don't get paralyzed because maybe you're not doing things perfectly.” - Nicole Juday 

Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/

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