Collective Giving is the coming together of individuals or foundations to jointly fund social change. In addition to the benefits of networking and peer support, the ability to scale up the impact of each individual’s contribution is incredibly powerful.
Collective Giving, primarily through Giving Circles, has been active in the USA for many years, but we’ve recently seen its introduction in Australia. At the same time, Collective Funding Events, modelled on 'Dragons Den'-style pitching and investment have also gained popularity, especially with the social enterprise sector.
Collective Giving is a great introduction to the world of philanthropy, with participation in some models starting at $100, and the Impact100 formats normally at $1000. It’s an opportunity to learn more about the field, engage in discussion about critical social issues, and get to intimately know the not-for-profits the group supports. At the same time, donors know their funds are going much further than they might do alone, through the leverage of the group.
For some tips on setting up a Giving Circle, the Australian Women Donors Network has developed this handy resource. To find a collective giving group in your city or area of interest, please see below.
Christine Sherry founded Sherry Consulting, a Silicon Valley (USA) based philanthropic advisory practice. She advises on strategy, due diligence, partnership opportunities and best practices in philanthropy.