Ahead of the inaugural Collective Giving Australia Summit here are seven steps to establishing a collective giving group.
The inaugural Collective Giving Australia Summit will take place in Sydney on Tuesday 19 November 2019. The full day Summit will bring together leaders and members of collective giving groups, both well-established and just starting out from around the country, to share successes, discuss enhancing impact and workshop challenges.
The Summit responds to the Department of Social Services research into the potential of collective giving in Australia and its conclusion that as the idea of giving collectively becomes more commonly known and understood, more people will engage in this type of philanthropy. The research reveals collective giving’s ability to grow philanthropy, by cultivating and informing new donors, and its ability to capacity build communities, by way of building awareness of community needs and connecting donors to causes and local charities. For example, the research found 70% of participants increased or substantially increased the amount they give and 67% reported greater awareness of community needs. Its easy to see how a local community collective giving group can have a significant impact.
Leaders and members of Impact100 groups, The Channel, 10×10, Melbourne Women’s Fund and The Funding Network will be attending. Panel discussions will explore impact, leverage and the multiplier effect, the limits to a volunteering and capacity building the sector. The Summit is open to anyone wishing to learn more about collective giving and how this simple idea can transform communities.
Seven Steps to a Starting a Community Collective Giving Group:
Collective giving groups can range from simple and informal to large and complex. Here are seven steps to start a simple collective giving group in your community:
- Form a group: Bring together a few like-minded, passionate people and discuss how you could have an impact together, pooling your donations. Give your group a name.
- Establish a mission: Determine a focus area, not too specific and not to broad, based on where you feel the group’s support could be a game changer in your community.
- Create the structure: Lock in a minimum donation amount, agree that whatever the size of your donation you have equal voting rights and decide where these funds will be held. They could be held in a community foundation sub-fund, providing tax deductibility or simply be in the form of a pledge with each group member donating directly to the selected charity. Finally, develop a process and criteria for funding. This is also a good moment to invite more donors to join your group if you would like to.
- Invite applications: Get the word out in your community that your group is seeking to hear about interesting charitable initiatives aligned with your interest area.
- Review applicants: Collectively assess applications, shortlist them and seek more information if you need to. Make site visits to the shortlisted charities.
- Award a grant: Vote on the charity that is offering the most powerful impact for your collective donation and award the grant.
- Evaluate your impact: Examine the goals of your giving group and assess its impact on the group’s members and the charities you support. Create a win/win situation and look for opportunities to multiply your impact through volunteering, connecting and spreading the word.