Fluxx | Philanthropy and nonprofit technology news.

The Human Genome Project was an international scientific research project working to determine the base pairs that make up human DNA in order to sequence all of the human genome. And no, Untapped Philanthropy hasn’t suddenly pivoted from discussions on philanthropy to science. But we thought it might be helpful to remind you of the famous Human Genome Project because this week’s philanthropy guest is taking a similarly scientific approach to philanthropy.

The Impact Genome Project has taken a similar approach to philanthropy by analyzing the DNA of impact programs to determine what is and isn't working.

This week we are thrilled to have the Executive Director of the Center of Impact Sciences at the University of Chicago and the co-founder of the Impact Genome Project, Jason Saul on the podcast to tell us about his work, and most importantly — share more about the Project’s integration with Fluxx!

The Trust-Based Philanthropy Project is a five-year peer-to-peer funder initiative designed to address the inherent power imbalances between foundations and nonprofits. It’s an initiative built around action and immediacy. A quick perusal of the team’s website will immediately bring you to the six practices of trust-based grantmaking which the team hopes will not only break down the buzz-y term of trust-based philanthropy into actionable steps, but also encourage funders to make immediate equitable changes.

The work of the Trust-Based Philanthropy Project is aligned with our work and mission here at Fluxx. We believe that it’s not only possible — but also essential — for technologists to partner with philanthropists in order to build pathways to deeper and more trusting partnerships between funders and grantees.

That’s why we are especially thrilled to share more about this week’s Untapped Philanthropy podcast featuring a conversation between Fluxx co-founder, Kerrin Mitchell, and Executive Director, Trust-Based Philanthropy Project, Shaady Salehi.

Imagine a world in which the toughest multi-decade long problems; whether it's racial injustice, poverty, or the preservation of democracy, were resourced in the same manner as a legacy institution. It’s a radical idea that would rely on what many would consider a “stodgy” grantmaking practice. We’re talking about endowments.

Untapped Philanthropy Season 2, Episode 3: Which nonprofits would benefit from endowments?

“You think about endowments as something that happens for the biggest established organizations like universities, art museums, or medical research,” said this week’s Untapped Philanthropy guest, The Bridgespan Group's Managing Partner William Foster. “But it's radical because there is nothing more clean and complete in the trust-based philanthropy world than creating endowments, right? It's the ultimate shift. Dollars and assets are power.”

It’s not often that you hear cryptocurrency, Bitcoin, or Ethereum uttered in the same sentence as philanthropy. Most nonprofits (and funders for that matter) aren’t equipped to accept or distribute a crypto donation. And let’s be honest, the philanthropic sector isn’t known for its early tech adopters, and certainly not crypto geeks.

SunTrust Bank and BB&T Corporation (one of the largest banking corporations in the United States) completed a massive merger to form Truist on Dec. 9, 2019. This merger brought with it the need to meld both philanthropic agendas of the two banks, and within the same month, the Truist Foundation was born. Then came the global COVID-19 pandemic.

“The financial inequities that faced historically excluded communities were laid bare by the pandemic. We knew that it was crucial for us as an institution to be part of the catalyst to help build that generational wealth and do the hard work of advancing an economy that better serves everyone,” said Lynette Bell, president of the Truist Foundation. “So as the philanthropic arm of a financial services institution, we recognized that it was our responsibility to take part in that difficult work – and we wanted to sharpen our grantmaking in that process.”

Despite being a worldwide trillion-dollar industry, philanthropy doesn't garner the same media coverage as say, the technology sector. But with so many new billionaires entering the funding space, and billionaires renewing their focus on environmental and societal causes, you’d think we’d be seeing more mass media news coverage. So where are the hard-hitting, deep-dive industry articles and why might they be difficult to come by outside of trusted philanthropy trade publications?

Enter Teddy Schleifer, Founding Partner of the new media company, Puck. Prior to Puck, Teddy covered money, influence, and billionaire philanthropy for Recode, which is owned by Vox. At Recode Teddy delved into crypto giving, Elon Musk’s charity sending sprees, Jeff Bezos philanthropic, and everything in between. But more importantly, his coverage isn’t just about the gifts, but the motive behind it, and the quiet power that drives one of the world’s largest economic powerhouses.

Today, there are a lot of ways to approach philanthropy. You have the traditional models: your generational family foundations, private funders, and nonprofits. Then you have the newer models of giving circles, social impact groups, corporate giving, and crowdfunding. And somewhere between all that sits B1G1: Business for Good.

B1G1 is the brainchild of Masami Sato. It’s a global giving movement centered around the buy one give one model. The organization connects purpose driven businesses that want to make a difference with meaningful giving activities around the world. So that every time consumers make a purchase in their day-to-day lives, a brand donates a product or portion of proceeds to important world causes. The membership community currently comprises of +2,500 businesses who have collectively donated over $240 million to date.

At Untapped Philanthropy we spend a lot of time analyzing the Tech for Good industry, the funder experience, and exploring how funders can democratize philanthropy in order to build a philanthropic collective that better serves our communities. For this special episode of the podcast, we turn our gaze to nonprofits and one of its industry experts.

It’s no secret that the COVID-19 pandemic led to an outpouring of funder support. Major funders worldwide quickly loosened their grant restrictions, eased reporting requirements, and leveraged new technology tools and platforms to give more freely in the hopes of sparing their grantees from impending financial catastrophe.

This week Fluxx co-founder and host of the Untapped Philanthropy podcast, Kerrin Mitchell, sits down with funder technologist, futurist, (and former Fluxxer) Sam Caplan, to explore the accelerated change of funders and technology. Together they examine the role technology must play in building more equitable giving communities and discuss the role technologists play in driving change.