As donors try to think of a way to maximize their gifts at a time of such great need througout the country, a lot of attention is falling upon giving circles as an innovative way to give a lot–as a collective, without breaking the bank–as an individual.
MSN Money recently featured a piece called, "How to give away $500,000," highlighting the African Women’s Giving Circle as one example of how giving circles allow individuals to pool their resources and make their personal gifts go further. Not to mention have fun and forge inspiring, powerful new friendships.
Additionally, PhilanthroMedia had a post recently on how a giving circle lets everyone be a philanthropist.
And, while not a giving circle, GoErie.com featured a story yesterday on how women in Erie are pooling their funds through the Erie Women’s Fund. Each woman gives $1,000 a year over five years, resulting in their first grant of $50,000 to the "Listen, Mentor, Act Poverty Reduction Program."
If you’re in the Washington metropolitan area and are interested in learning more about getting involved in this growing trend that can help your individual philanthropy have a bigger impact through the power of collective giving, click here. We have two giving circles currently recruiting new members.
Lisa Kays is The Women’s Foundation’s director of communications.