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The lessons learned in both giving circles and impact circles offer new perspectives on everyday philanthropy and campaigning for change. Impact circles, for example, place a large emphasis on financial empowerment. When women have the resources to become changemakers simply in the companies they choose to support, they are able to respond more formally to social change and campaign for causes they believe in by making informed decisions with the dollars they have in their wallets.
Simply the act of gathering together as a group of women, and committing to a course of financial and philanthropic education, offers circle members the opportunity to form meaningful connections with each other, and carry their newfound knowledge and confidence into their everyday life decisions. Remmer does not espouse choosing impact investing over philanthropy.
What works for me, a Millennial just starting out in the world of charitable giving, may not work for a woman with more experience and resources, looking to put her investment and retirement assets to work. And yet, we could find ourselves part of the same circle, focused on maximizing our impact, resources, experiences, and knowledge together rather than struggling to make a difference on our own. Both types of circle allow for the power of collective effort: By empowering each other, listening to each other, and learning from each other, we can stretch a dollar further than we ever thought possible.
A giving circle is the perfect entre into the world of philanthropy and social impact. Maggie May is a small business owner, author, and story-centric content strategist. A Maryland transplant by way of Florida, DC, Ireland, Philadelphia, and -- most recently -- Salt Lake City, she has a passion for finding stories and telling them the way they're meant to be told.
View all posts by Maggie May. This site uses Akismet to reduce spam. Learn how your comment data is processed. Lis Williams is the Founder of AWE Partners, a social advisory firm dedicated to empowering women to make impactful decisions in their philanthropy. Want More Gender Equality in Philanthropy? While mission-related investing presents opportunities for philanthropic organizations, philanthropy is still needed.
First, impact investing still faces some challenges , from providing suitable investment options across the risk spectrum to clarifying regulatory views of the industry and developing standardized management tools. Although none of these challenges should prevent an organization from aligning its portfolio with its mission, these challenges may require extra effort and resources for organizations to fully transition to impact investing.
In addition, some contend that accepting financial losses may be important for combating economic inequality, chronic homelessness, and other injustices. Those who take this position might be reluctant to abandon conventional grant-making, at least in the areas where they believe grants are more effective. In fact, impact investing is not ideal for every project stage.
Grants may be the better tool for offering technical assistance or preparation for an impact investment, or for spearheading a project when risks are unknown or too high for market investors. In these cases, stakeholders may choose to harness blended finance, which allows philanthropists and impact investors to work together.
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