Black-Founded Donation Platform Philanthropi is Using Tech to Advance Everyday Giving
Kim Anthony • October 4, 2022
By: Alesia Bani
Key Insights
- Sixty-seven percent of charitable giving in 2021 came from individuals rather than corporations and foundations, with millennials at the forefront of small contributions.
- The startup Philanthropi supports everyday people to become philanthropists by donating to non-profit organizations through its platform.
- Philanthropi launched a pilot program with American Express to allow members to round up their transactions and donate to a charity of their choice.
Although philanthropists are often positioned as wealthy and high-status entities, it turns out that small individual donations make up the majority of philanthropic giving.
A new report by Giving USA found that total U.S. charitable giving reached $484.9 billion in 2021, with about 67 percent of it coming from individual donors. Despite being America’s
most impoverished generation, nearly three-quarters of millennials consider themselves philanthropists, compared to only 35 percent of baby boomers.
“The biggest shift that I’ve seen over the last 20 years or so is this concept that philanthropy used to be a destination,” Dr. Keith Leaphart, the founder of Philanthropi, a platform that partners with financial institutions, employers, universities and non-profit organizations for everyday donors to support non-profit organizations with the click of a button, told The Plug.
“Millennials and Gen Z are like ‘no, this is a journey and we’re starting today,’” he said.
This article originally appeared in
The Plug.
The prospect of running for public office is both exciting and daunting. It offers an opportunity to make impactful changes, but it also exposes you to scrutiny and requires tremendous commitment. If you're contemplating throwing your hat into the political ring, it's essential to think through multiple factors before making your decision. Here are eight critical considerations to mull over: 1. Personal Readiness Entering politics is a life-altering choice, not just for you but also for your family and close ones. The demands on your time, privacy, and emotional well-being can be overwhelming. Questions to Ask : Are you emotionally, mentally, and physically prepared for the challenges? Have you discussed this with your family, and are they supportive? 2. Core Beliefs and Values Politics is an arena of competing interests and ideologies. Having a clear understanding of your core beliefs and values will guide your political journey. Questions to Ask : What causes or issues are most important to you? Are your views aligned with the electorate you wish to serve? 3. Skill Set and Qualifications Being in public office requires a diverse skill set, including but not limited to leadership, public speaking, and policy analysis. Questions to Ask : Do you possess the skills needed to succeed in office? If not, are you willing to learn or surround yourself with experts who do? 4. Financial Considerations Campaigning can be expensive, and public office may not offer the financial rewards that other careers do. Questions to Ask : Do you have the financial resources to run a campaign and sustain yourself in office? Are you ready to disclose your financial status, as is often required? 5. Electability and Public Perception Popularity and public perception play a crucial role in politics. Your history, conduct, and even appearance are often subject to public scrutiny. Questions to Ask : How are you perceived by the community? Do you have any skeletons in the closet that could become public and harm your candidacy? 6. Team and Support System A successful campaign requires a dedicated team for various functions: strategizing, fundraising, public relations, and more. Questions to Ask : Do you have a trustworthy team or know how to assemble one? Do you have mentors or advisors in the political arena? 7. Regulatory and Legal Requirements Different positions have different eligibility criteria, filing requirements, and regulations. Questions to Ask : Are you familiar with the legal requirements for the position you are considering? Do you meet the eligibility criteria? 8. Long-Term Goals and Exit Strategy Public office is often not a lifetime appointment. Whether you serve one term or multiple, you will eventually move on. Questions to Ask : What are your long-term goals? Do you see politics as a career or a stepping stone to other endeavors? What's your exit strategy? The Starting Point, Not the Destination Contemplating these eight points is just the starting point; running for public office is a long, complicated journey that will demand constant adjustment and reevaluation. However, these considerations can give you a solid foundation for making an informed decision. Running for public office is a significant decision that should not be taken lightly. If you are considering this path, taking the time to reflect on these eight considerations will provide valuable insights and prepare you for the challenges and rewards that lie ahead.
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Entrepreneurship is a journey paved with challenges, risks, and opportunities. In the world of business, there are few voices as authoritative and inspiring as Daymond John's. As a successful entrepreneur, investor, and star of the hit TV show "Shark Tank," Daymond John has shared his wisdom and insights that have become valuable lessons for aspiring and seasoned entrepreneurs alike. Here are eight lessons we've learned from Daymond John about entrepreneurship: 1. Start Small, Think Big Daymond's journey began with a modest investment of $40, sewing homemade hats in his mother's living room. This humble start taught him the importance of taking the first step, even when resources are limited. He emphasizes the need to think big but start small, leveraging what you have to make gradual progress toward your goals. 2. Solve Real Problems One of Daymond's key principles is to identify problems that need solving. Successful businesses often emerge from addressing genuine pain points faced by consumers. By focusing on solutions that add value to people's lives, entrepreneurs can tap into sustainable demand and build a loyal customer base. 3. The Power of Branding Daymond is a firm believer in the power of branding. He turned FUBU (For Us, By Us) into a global fashion brand by connecting with the hip-hop community and championing inclusivity. His lesson? Build a brand that tells a story and resonates with your target audience. A strong brand creates emotional connections and sets you apart in a competitive market. 4. Embrace Failure as a Learning Opportunity Failure is often seen as a setback, but Daymond sees it as a stepping stone to success. He acknowledges his past failures and emphasizes that learning from mistakes is crucial for growth. Every failure provides valuable lessons that can guide future decisions and strategies. 5. Stay Hungry and Persistent Daymond's journey to success was far from smooth, marked by rejections and obstacles. His story teaches us the importance of perseverance and hunger. Entrepreneurship requires a relentless drive to overcome challenges, adapt to change, and keep pushing forward, even when the odds seem stacked against you. 6. Know Your Numbers Inside and Out Numbers are the language of business, and Daymond stresses the significance of understanding your financials. Whether it's profit margins, costs, or revenue projections, a deep understanding of your financial metrics empowers you to make informed decisions and negotiate effectively. 7. Build Relationships and Networks In the business world, relationships matter. Daymond's success was shaped by his ability to build strong connections with mentors, partners, and customers. He advises entrepreneurs to network, seek mentorship, and nurture relationships as they can provide valuable guidance, opportunities, and support. Daymond John's journey from a small start to a globally recognized entrepreneur is a testament to his expertise and insights into the world of business. These eight lessons serve as a roadmap for aspiring entrepreneurs, guiding them through the challenges and triumphs of building and growing a successful enterprise. By embracing these principles, entrepreneurs can navigate their own paths to success with confidence and determination.