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A Brief History and a New Look Forward - Alspaugh and Mitchell

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Sally Alspaugh, CAP, Xavier University

Colleen D. Mitchell, VENTURE3PHILANTHROPY

A Brief History and a New Look Forward: The Promise and Potential of Philanthropy

In 1630, John Winthrop, sailing from England to the New World, gave a sermon wherein he said that those with "superfluities” should see to other’s "necessities”. That was a declaration of interdependence and the first plea for philanthropy in the colonies. America is like a three legged stool. She has a public sector, a private sector and a not for profit sector. No other country has a culture like this and it is imperative that to remain unique in the world, the not for profit sector needs to remain strong and healthy. But through the lingering global recession and the persistent scarcity of resources, it remains a challenge for organizations in all sectors to remain strong and vibrant. The good news is that these challenges are creating new forms of philanthropy available to a wider variety of donors, social investors and citizenry than ever before – innovative new tools, catalyzed by technology are being created in each of the three sectors. Hybrid social-investing models are emerging at the intersection of the three sectors; resulting in a number of creative ways donors can now gift and invest to help solving persistent social problems and advance organizational missions. If you have clients that are eager to understand the early beginnings as well as the changing landscape of philanthropy and what this means for their gifting strategies, than this is a must-hear session!

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