Generosity can be as personal as it is impactful

Generosity can be as personal as it is impactful

Eleanor Cater
Community Foundations of New Zealand
22 February 2018

With 15 – very soon to be 16! – Community Foundations spread across New Zealand we are seeing local people catching on to the importance of personal generosity shaping communities.

Community Foundations assist generous people to be changemakers and to have an impact locally. They enable people to realise that change really is within their sphere of influence, and not something that is just for the rich, the famous or the politically-minded.

They enable people to be not just locally-focused but cause-focused, enabling gifts that will benefit the community for generations to come.

There is a strong history of philanthropy in New Zealand, and there is a great deal of wealth that will change hands from this generation to the next. There is also an immense sense of attachment to a place which is held by people who have grown up, chosen to live and dedicated their lives to building a strong local community.

It’s a crucial niche that links generous, philanthropic people with community causes that matter. Community Foundations exclusively fill that niche enabling people to give in a strategic way, together with the surety that donations from their precious life’s work will be well cared for and continue to give forever.

Community Foundations are the natural funding choice with local impact, able to assist with intergenerational wealth transfers and invest back into the community with purpose. And, make no mistake, Community Foundations of New Zealand members must exhibit immense expertise and sound governance to give the confidence for generous people to give in this way. We are proud that our members across New Zealand do all of that.

If you would like more information on what your Community Foundation can do for you and local causes that you care about, contact us today to talk through your options. There are many ways to give and your generosity can certainly be as personally meaningful to you as it is impactful in your community.

 

Now is the time

Now is the time

By Liz Koh, 
Deputy Chair, Nikau Foundation 
4 October 2017

Baby boomers are not only getting older – they are getting wealthier. As they reach retirement age, they bring along with them a tsunami of wealth that needs to be invested, spent, and finally bequeathed to their heirs or charity.

Marketers talk of the ‘grey dollar’ – the money that will be spent by aging affluent baby boomers over the next 20 or 30 years.

All over the world, businesses are looking at ways to tap into this lucrative market. In Japan, there are shopping centres designed for the elderly, with medical clinics, pension-day discounts, and leisure activities for retirees. From cars to retirement villages to food and beverages, a raft of products designed with the elderly in mind is coming to market.

What will baby boomers do with their wealth? The decisions they make about how quickly to use up their retirement capital, and where to invest the capital they retain, could have a significant influence on financial markets.

Of course, not all baby boomers are individually wealthy. Their influence in the market comes simply from the fact that there are so many of them.

One interesting aspect of the baby boomer phenomenon is the influence of gender. Not only do women live longer than men but overseas research shows that women are the key decision-makers in around 85 per cent of all consumer purchases. They also wield the greatest influence when it comes to charitable giving.

As this population bubble reaches the age when they can afford to be generous and when they will have to make decisions about what happens to their estates, women will play a key role.

Numerous studies in the UK and the US show that women are more likely to give – and give more – than men. One internationally recognised centre of excellence for this research is the Women’s Philanthropy Institute which is part of the Lilly Family School of Philanthropy at Indiana University.

Their research has shown that baby boomer and older women gave 89 per cent more to charity than men of the same age and that women in the top 25 per cent income bracket gave 156 per cent more than men in the same bracket.

Charities can expect a huge influx of money as baby boomers unload their wealth either during retirement or on death. The smart ones will be actively cultivating relationships with baby boomers to tap into their generosity, and women, particularly women in high income brackets, should be right in their sights.

To that end, the Auckland Foundation, a member of Community Foundations of New Zealand, is launching an Auckland Women’s Fund, which aims to support women’s giving and improve the lives of girls and women through its granting.

No doubt others will follow. After all, baby boomers have only three choices with their wealth – they can spend it themselves, leave it to their family, or give it to charity or community. They certainly can’t take it with them.

 

* Liz Koh is Deputy Chair of Nikau Foundation, an authorised financial adviser and author of Your Money Personality; Unlock the Secret to a Rich and Happy Life, Awa Press. 

The fastest-growing form of philanthropy in the world … and it’s happening right here!

The fastest-growing form of philanthropy in the world … and it’s happening right here!

Stacey-ScottStacey Scott
Chair, Community Foundations of New Zealand
12 June 2017

What an incredible journey it’s been getting to this point in time with 14 vibrant Community Foundations operating around the country.

And we can only grow; currently we are investigating opportunities in several communities so far not covered by our network. It’s our goal to give everyone in New Zealand access to their very own Community Foundation so they can give where they live and build on crucial and locally-managed, independent endowment funds for the future.

This year sees us striding ahead with the appointment of our first Executive Officer, Eleanor Cater, which will help us work on some of the more  strategic factors such as our growing our network, and growing the message that there is a credible and active vehicle for localised philanthropy in New Zealand. Our Community Foundations have a wealth of knowledge and one of the key strengths in our network is collaboration and information sharing. One Community Foundation’s success is everyone’s success, that is why expansion is so important to us, we are stronger with the sharing of knowledge and resources.

Currently we are working on developing resources for new, start-up Community Foundations in New Zealand and these, along with the support and knowledge base already out there, will make it easy for new Community Foundations to begin that journey for themselves.  It’s an exciting time of planning and development.

If you want to be in touch regarding starting a new Community Foundation in your community please contact us, we will be more than happy to chat through the opportunities.

When you consider that Acorn Foundation, for example, is only 14 years old and already has funds totalling $18m, with anticipated funds of $150m in the pipeline, you can begin to see what can be achieved in even small communities with a local focus, commitment and care. Know-how is important when it comes to starting and growing an endowment fund, but it’s worth all the effort as the future grant-making impact on local communities can be huge.

It’s a fact that Community Foundations and place-based philanthropy is the fastest-growing form of philanthropy in the world. And it’s easily matched up with the Kiwi way of generosity and loving our communities.

Will you join us?

A blog post on Community Foundations…

Community Foundations New Zealand – Latest updates…

eleanor squareA Blog Post on Community Foundations

By Eleanor Cater
15 March 2017

I was going to give this a really fancy name but ‘A Blog Post on Community Foundations’ will do just fine.  By world standards Community Foundations are a fairly new concept in New Zealand and spreading across the country and it’s easy to see why; place-based philanthropy is well-aligned with the kiwi way. We care about our communities and we care about their uniqueness and the people and causes within.

It is also widely quoted that place-based philanthropy is the fastest growing form of philanthropy in the world. People love and take ownership and pride over their communities and those with a philanthropic lean often chose a local cause for their generosity.

And, believe it or not, it’s incredibly hard to give your money away effectively! So a credible and respected Foundation in your community which will give your money away effectively, meeting your wishes as donor, is key.

There’s a saying among Community Foundations across the world that ‘If you’ve seen one Community Foundation…. you’ve seen one Community Foundation.” That certainly rings true here in New Zealand where we have grass roots people giving small and large donations in their life through to incredibly large acts of philanthropic giving from those of substantial means. They are all doing it differently and each of our 14 Community Foundations are responding uniquely but, most importantly, they are all doing it and they are all focused on what is best for their community.

And surely it’s all philanthropy? Big or small?  Wanting to give be a part of something that is bigger than yourself, wanting to really make a difference or leave a footprint on the world? I think that philanthropy is for everyone. And so is community.

We will, over time, have some guest bloggers here, from both New Zealand and from around the world, sharing their experiences, learnings and thoughts on philanthropy and how we might encourage more of it.

We know that there is a will, we just have to find a way to connect up local causes with generous people who want their support to live on in perpetuity. That’s pretty much, in a nutshell, what we do here in Community Foundations across the country. Will you join us? We are building permanent endowments at a local level for future generations to benefit from, forever.

It’s an incredible encore for your life’s work, don’t you think?