Tag Archives: giving

Building Meaningful Connections

Our 2014 Annual Report cover features Union Terminal. Learn more about our work with the Cultural Facilities Task Force.
The Greater Cincinnati Foundation’s 2014 Annual Report cover features Union Terminal.

By Ellen M. Katz, President/CEO of The Greater Cincinnati Foundation

As the new face here at The Greater Cincinnati Foundation, I’ve been busy learning all about the meaningful connections GCF makes in the community.

The spirit of giving in the Tristate is legendary, and we are proud of the part we play. By partnering with many in our community, GCF granted more than $77 million to nonprofits in 2014.

You may be surprised at the many things GCF has had a hand in, thanks to our generous donors.

A few of the projects in which GCF has invested:

In taking this job, I’m excited by GCF being the region’s leading convener.

By partnering with many organizations and community leaders, GCF has helped to develop a shared vision of community change, save two local icons,  support big ideas, inspire the next generation of philanthropists, improve racial equity, and connect many interested donors to causes they care about.

GCF is often there, providing support behind-the-scenes.

Another important role for us is building the nonprofit capacity in our region. We do this in many ways – through grantmaking, impact investing, and support to nonprofits. Our nonprofits are top-notch in Greater Cincinnati, providing for the good of our community in countless ways.

I personally subscribe to the values of servant leadership, where the needs of others are put first.

That’s why I love the story of the women leaders of the Fresh Air Society, who realized their mission to provide tenement families a respite in the country was obsolete. They went on to partner with the local banking community to start The Greater Cincinnati Foundation in 1963.

I look forward to partnering with you, as I begin my journey here at The Greater Cincinnati Foundation.

Ellen M. Katz is the CEO/President of The Greater Cincinnati Foundation.

Satisfied Giving: Tips for Personal Philanthropy

Delhi Middle School students
Delhi Middle School students at Crayons to Computers.

By Amy Cheney

Giving back is supposed to feel good. But it turns out, many Americans are dissatisfied with their charitable giving. A friend of The Greater Cincinnati Foundation, Daniel Torbeck of UBS Financial Services, recently pointed out this fact in this excellent editorial in The Cincinnati Enquirer.

“Americans’ dissatisfaction with giving practices has a lot to do with how they do it, which, we found, is largely haphazardly.” – Daniel Torbeck

Research has shown giving releases endorphins and often makes a person feel good. If you aren’t feeling the joy of giving due to a haphazard approach, consider the following tips.

Why do we give?

Giving is a deeply person act. It will be worth taking time to consider what values you hold most dear. Be sure that your giving reflects your individual values.

Most people give for one of the following reasons:

  • Passion (your favorite nonprofit organization, health cause, or place of worship)
  • Loyalty or obligation (like to an alma mater)
  • Reaction (such as an emergency need, natural disaster or a friend asked you to support a charity walk )

Creating a good mix

To feel more satisfied about your personal giving, create a plan. Review your recent giving to see patterns in your giving. Making a plan is easier (and more fun!) than you may think.

As suggested by Jason Franklin of Bolder Giving, a good place to start with your giving plan is to break down your giving with the 50/30/20 formula:

  • 50% of giving to be for your passion
  • 30% out of loyalty/obligation
  • 20% in reaction to needs as they arise.

Adjust the formula to determine the mix is right for you and your family, and create a plan for your 2015 giving based on what you decide. With these plans, it also is smart to leave a percentage of your giving as unspecified, so you have the freedom to react or respond throughout the year.

Planning for impact

Planning your giving will leave you feeling more satisfied with how you give and will ultimately make a greater impact in the areas you care about most. A giving plan also prevents you from saying yes to charitable obligations to which you’re not committed.

Consider reviewing your giving plan each year. You’ll not only feel less frazzled, but you can have some great conversations about where you want your money to go.

We are proud to offer our donor families various resources to make their giving more focused. Please contact The Greater Cincinnati Foundation‘s Giving Strategies Group if you have any questions about creating a plan for your giving at 513-241-2880 or info@gcfdn.org.

Amy L. Cheney CPA, CAP® is The Greater Cincinnati Foundation‘s Vice President for Giving Strategies. Learn more about her here.