Associate at Qadr Financial | Creating a New Dimension of Wealth Creation & Growth | Saudi Arabia | United Arab Emirates | United Kingdom | GTM | Ex-Lawyer | Podcast
Strategic philanthropy - focusing on family offices strategically deploying their capital for impact.
This is what Kashif Shabir now works on and helps, as some of the foundations are as big, if not bigger than actual charities.
As more and more high net worth individuals begin to focus on social impact, this model in the charity sector is only set to get stronger.
Therefore utilising the knowledge, skills and experience of people like Kashif becomes crucial and indispensable.
What, what you know, so, so I've, I've continued to work in a charity sector and, and, and you'll be happy to know I didn't go back to corporate, but that's what I do at the moment is I advise basically. What we call strategic philanthropy, philanthropy, so helping family offices, in some case charities, government institutions, but I'm focusing my efforts mostly on family offices, family offices, high net worth individuals, however you want to put them to. Basically look at how we can give our money away more strategically, how we can make a better impact with the donations that we're that we're giving. What we're seeing is that Hamdullah, we've got a lot of wealth. Lot of money that that is in the Muslim woman and and our communities, especially in the West. But we don't treat that money the same way we do. Like for example, in an investment portfolio, if I gave, if someone said to you, look, you know, give me some advice on investing ��1,000,000. And you go through what other returns that due diligence on, on, on where you're investing that money, making sure you're not going to be taken for a ride, making sure that you get the good, better returns out that money. But what it seems like is on the whole that we don't give the same level of, of, of, of respect when it comes to giving away charitable. Money and, and, and when I say some of the foundations that I'm working with are as big as are as big as most of those Muslim charities that we're talking about.
📢 CAF's Corporate Giving 2024 Report: Key Insights Revealed! 📢
We’re excited to share the highlights from our latest report on corporate giving:
🔹 Generous Contributions: UK businesses collectively donated an impressive £4.29 billion in 2023.
🔹 Potential Impact: If all businesses donated at least 1% of their pre-tax profits, charities could receive an additional £5 billion annually.
However, the report also uncovers some challenges:
🔹 FTSE 100 Donations: Fell to £1.82 billion in 2023, marking an 8.3% decline in real terms.
🔹 Donation Trends: Corporate giving has not kept pace with profits over the past decade, with a 13% drop in total donations.
Want to see which companies are setting the benchmark in corporate giving and how businesses are making a meaningful difference? Explore the full report here:
https://lnkd.in/eauCUUDe#CorporateGiving#FTSE100#Charity#Philanthropy#CAF
Looking to support your favourite causes while maximising your impact? Whether it's through donating stocks, setting up a donor-advised fund, or leaving a legacy gift in your Will, there are plenty of ways to optimise your charitable endeavours.
Want to learn more about how you can make a difference while also reaping the rewards? Check out our latest blog post for tips on how to support the causes that matter to you in the most effective way possible. https://hubs.ly/Q02C9wGm0.
#CharitableGiving#TaxBenefits#MakeADifference
Its been months since I've read Weh Yeoh 's book Redundant Charities, yet I still find my mind constantly wandering back to this topic. Weh argues that charities should always have an exit plan to make themselves redundant. But what if we made charities redundant in general?
What if we built a society that naturally fostered social capital? What if it was a shared responsibility to create common good for society and not just a reliance on the social sector? What if we forged partnerships between different sectors and people to solve complex social problems by pooling resources and knowledge?
Does the charity model do more harm than good when trying to create social change?
#systemschange#redundantcharities#forpurpose#charity#socialchange
This article effectively highlights the significant tectonic shift in nonprofit giving that has been unfolding over time. The impact of this shift has been further magnified by the ongoing COVID period. Middle-class and younger individuals have notably reduced their traditional donations, opting instead for alternative ways of “giving” that are challenging to quantify using conventional metrics. Interestingly, large national nonprofits are now being bypassed in favor of community-based crowdfunding efforts. If I was currently a member of a major nonprofit, I would actively explore partnerships with locally dynamic organizations that serve similar communities. Collaborative efforts could help address this evolving landscape of giving.
#nonprofit#fundraising#donors#philanthropy
The Corporate Giving 2024 report from Charities Aid Foundation (CAF) is here!
✔ The good news? An estimated £4.29 billion was given to charity in 2023 by UK businesses.
✖ The not-so-good news? There was an 8.3% real-term decline in giving from the FTSE 100.
There's an incredible amount that businesses can achieve when they collaborate with the charitable sector - it's all a question of understanding where they can have most impact.
Download the report here to understand how aligning profits with purpose can unlock billions more for the causes that matter most: https://lnkd.in/e8wyggFC#CorporateGiving#ResponsibleBusiness
If your nonprofit is like most, only a few of your board members actively raise money for your mission. What if they could become brilliant fundraisers with just a little training and motivation? Check out the tips in this Advancing Philanthropy article. #fundraising#nonprofithttps://lnkd.in/gHRfRRWV
This is really important strategically for our sector. #Charitable#Grantmakers by themselves won't be able to shoulder the demand entirely. Rectifying the dire state of #LocalGovernment finances but also improving #Corporate giving and #Philanthropy, getting it higher up the policy agenda has to be part of the solution in my opinion. Also getting the #DormantAssets actually deployed to communities via #CommunityWealthFund(s).
📈Amid a serious decline in funding - from government, local authorities and individual donations - grants from charitable foundations are one of the few funding streams that has remained stable during a time of increased demand for charities.
Emily Harle's analysis in Third Sector explores how this demand is shifting upstream and the impact it is having on grantmakers.
https://lnkd.in/em7qTbv6
🔍𝐊𝐞𝐲 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
1. 📊 Surge in applications: Association of Charitable Foundations members report staggering increases in application volumes – ranging from 30% to an overwhelming 100%.
2. ⚖️ Capacity constraints: grantmakers face the delicate balance of managing this surge, usually with a very small staff team, while maintaining fair, effective evaluation processes.
3. 🔄 Adaptive responses from funders:
- Increasing funding allocations
- Restructuring grant programmes to better align with charities' needs
- Streamlining decision-making processes
- Reducing administrative burden on applicants
4. ⏸️ Temporary Pauses: Some grantmakers have had to temporarily suspend new applications while implementing these essential changes.
At Association of Charitable Foundations we emphasise the importance of collaboration between funders. When grantmakers consider pausing their programmes, we encourage dialogue with other funders to understand the ecosystem-wide impact of such decisions.
#CharitableFunding#Philanthropy#NonprofitSector#GrantMaking#SocialImpact
