What is Elite Philanthropy?

Elite philanthropy is significant because wealthy benefactors, in so few words, are an elite establishment in philanthropy.

At a time when political rhetoric divides greatly, elite values, interests, commonalities, and divisions that characterize elite groups come to shape attitudes and behavior in the philanthropic arena. These variations of beliefs, values, and roots affect how, when, and even why these wealthy benefactors fund and lead these organizations.  These wealthy elites are also sustaining, building, growing, and leading nonprofits and NGOs, and this involvement can create an emergence of an identity problem. Has the nonprofit or NGO grown into the identity of the donor?

The strategy problem is how nonprofits and NGOs start morphing and defying logic. Blending to fit a donor only makes marketing copy illusively appear good. This blend may not match the organizational mission, strategy, or even what the people served by it want. It may bring in funding, but it can also burden a nonprofit or NGO with an identity crisis.

Keeping Your Nonprofit and NGO Identity and Standing Out

Remember the strategic planners who talk about Strengths, Weaknesses, Opportunities, and Threats (SWOT)? Are you programming your organization to leverage its success as an authentic brand or are you risking it all on morphing, juggling identities, and never really being you?

An identity crisis sends a mixed message that an organization does not really know what it values or what it stands for because it lacks consistent or coherent messages.

In an industry where we are working for the greater good, mixing business values and identities clashes socially with the needs of people who genuinely need problem solvers, business leaders, and others in the community to understand them. They need and deserve the real hard work—strategy that aligns organization mission, vision, and values without a tangled web of politics and identities.

As corporations face customer losses, lowered sales, and increased expenses and taxes, they are cutting charitable corporate giving. Nonprofits and NGOs in the philanthropic industry who rely heavily on these funding sources may turn more to individuals and the elite.

Are some social constructs a closer match to a nonprofit or NGO’s target image? That may be true. The wisdom of crowd funding is that it sources funds from a crowd that might be more representative of the brand image. Customers, clients, and people served want to know that the business is as real and authentic as they are.

Like it or not, charity—the word alone—is affecting the image, growth potential, and the strategic marketing of philanthropic organizations. Contrasting mantras of paying your fair share with imagery of a nonprofit or NGO giving away free stuff in the community yields an influential political public perception problem that might alienate a target market.

Increased political forces may affect brand image. No matter what good the nonprofit or NGO is doing, or how needed its services are,  public perception affects charitable giving, and sustainable, innovative strategy is needed.

The real identity problem is not the morphing to fit an elite donor. It is when and where it will stop. Is the identity crisis truly reflective of a sustainable business strategy? What has the authentic brand become?

To win the future, managers, leaders, and strategists need to remember the organization’s brand identity and ensure that the organization stays true to the values that made the organization great.

“The JOBS Act does away with many of the restriction for companies seeking to raise less than $1 million annually. Rather than having to register shares with the SEC, they will only have to file basic information about the company with the agency.” – Source: finance-commerce.com.

         Moreover, this could provide an extended help to the small business to look for the investors apart from Venture capital firms who are not accessible everywhere. Also VC firms always look for an exit strategy for the investments, this law will help small businesses to focus on the business rather than worrying about the shares. Everyone could be an investor by supporting personal contacts, community businesses, or local partners. This will provide a platform for easy access to money and support online. Entrepreneurs will have to wait for approval from VC’s or family support to start the business. This law will provide a boost in no of start-ups willing to improve their capabilities.

          Also there is a downside risk, the investor needs to be cautious about how the money being used, since there is no exchange of equity. The only concern would be related to accountability and the tax issues. Who will account the money being flooded into the system and the return on investment. How does market will react to this law, we have seen in the past, investors are always looking for new avenues for investing. The smart investor would be cautious and take calculated risk by assessing the type of business they want to invest. The major issue would again be which industry will attract maximum investors on crowd-funding platform ?

            Small start-ups might join together in a league to compete and contest for investors as appose to customers. It is quintessential that investors should be clear about the motives of investment, at the same time the companies borrowing money should disclose the information about how it’s being used for operation. The reliability and trust would be a key factor for success in Crowd-funding business. It’s still unclear, will crowd-source be an open-door?

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Taxes- Photo Credit: http://farm7.staticflickr.com/6116/6262484026_ca2163d6bf.jpg

Here’s a summary list highlighting some of the major myths and misconceptions about nonprofits, discussed further in Starting and Managing a Nonprofit Organization: A Legal Guide.

1. Nonprofit and Not-for-Profit Are The Same. Nonprofit is the proper term. This myth or misconception stems often from the idea that nonprofit organizations cannot earn a profit. Accounting firms sometimes use the term Not-for-Profit in an effort to explain that the expenses involved in operating the business do not qualify for the business expense deduction.
2. Nonprofit Organizations Cannot Earn a Profit. Profit means more income than expenses. Nonprofit organizations often use their profits to expand their programs and improve their business models and operations. What is for-profit? For-profit organizations, unlike nonprofit organizations, distribute their profits to their owners. Corporations operate similarly in that they pay dividends to their stockholders (also called shareholders). Nonprofits unlike for-profits, focus on community and the concern with money is only as much as necessary to keep the organization operating.
3.  An Organization Must Be Incorporated to be Tax-Exempt. Although incorporation is often preferred, according to experts, it may not be required by law. However, federal law may require that certain tax-exempt organizations to be incorporated. It is important to verify nonprofit business law requirements with your legal counsel or nonprofit business legal aid office.
4. Every Nonprofit Organization Qualifies as a Tax-Exempt Organization.  Some nonprofit organizations, even though their services are needed or useful to a community, do not qualify. Federal eligibility requirements for obtaining a tax-exempt status very. This is why it may be important for a nonprofit organization interested in development and planning to involve accounting and legal experts.
5. Being Tax-Exempt Means that the Organization Doesn’t Pay Any Taxes. Nonprofits can have a variety of taxes outside of a federal tax exemption, such as state or local income, sales, use, or property taxation. Tax-exempt organizations that engage in venture activities can risk loss of tax-exempt status. Partnerships also can  risk a loss of tax-exempt status if not properly conducted.
6. All Tax-Exempt Organizations are Eligible to Receive Contributions that are Tax-Deductible for Federal Income Tax Purposes. Tax law distinguishes between long-term and short-term capital gains. Gift substantiation and records can require a variety of details about the donor and purpose of the gift. Penalties including fines can be assessed if gifts are not satisfying disclosure requirements, including for quid pro quo transactions. Reporting requirements can exist long after the organization retains a receipt of property received; this may require disclosure to the donor, for instance, in the event of disposing of the property.
7. The IRS Must Rule that the Organization is Tax-Exempt.  Congress grants tax-exempt status, while the IRS grants recognition of tax-exempt status. The IRS grants recognition of tax-exempt status through a determination letter. Only charitable organizations, voluntary employee beneficiary associations, and supplemental unemployment benefit trusts are required by federal law to obtain the determination letter.
8. Tax-Exempt Numbers Exist. Every nonprofit organization, regardless of whether it has a tax-exempt status, has an IRS-assigned ID number. According to the experts, this has nothing to do with tax-exempt status.
9. Only Charitable Organizations are Eligible to Receive Contributions that are Tax Deductible for Federal Income Tax Purposes.
10. A Charitable Organization Cannot Engage in Legislative or Political Activities. According to legal experts, some charities can spend up to 1/5 of its funds for legislative activities. A charity cannot engage in political activities without loss of tax-exempt status and eligibility to receive deductible contributions. However, some nonprofits can form political action committees and may be permitted to engage in some kind of political activity, but all political and legislative activities must be conducted in careful compliance with all legal and reporting requirements preferably with thorough advisement and oversight of legal counsel.
11. Nonprofits have fewer Reporting Obligations than For-Profit Organizations. According to legal and accounting experts, an annual IRS return that nonprofit organizations file is far more extensive than tax returns filed by commercial businesses. States also have various reporting requirements and may require annual state auditing.
12. All Fundraisers are Competent. Certified Fundraising Executive International is a world-wide organization that offers the Certified Fundraising Executive professional certification and requires and sets standards in philanthropy. This organization highlights an important problem in the fundraising world, particularly where philanthropy is the mission focus of nonprofit organizations, which is the lack of comprehensive ethics and professional knowledge and experience. In the real world, nonprofits can easily experience unethical fundraisers, bad fundraisers, or so-called specialized fundraisers that are supposed to have intimate knowledge of their industry. Fundraising consultants must be appropriately assigned only to areas or activities that reflect their expertise. A direct mail specialist should not be providing advisement, for instance, on planned giving. A credentialed expert minimizes some of the risk of harm to the nonprofit organization, particularly when the credential is based on the fundamentals and best practices of philanthropy.
13. Only the Federal IRS Regulates Nonprofit Organizations. Other federal organizations that can regulate operations or activities conducted by a nonprofit organization include the Department of Justice, Department of Housing and Urban Development, Department of Treasury, the Federal Communications Commission, the Federal Trade Commission, the U.S. Postal Service, and the Securities and Exchange Commission. Additionally, state departments and agencies also may have regulatory power that can affect nonprofit organizations, depending on state law.

Taxes-Photo Credit: http://farm8.staticflickr.com/7142/6629120915_556a318093.jpg

Source: Bruce R. Hopkins, ed., Starting and Managing a Nonprofit Organization: A Legal Guide, 4th ed. (Hoboken, NJ: John Wiley & Sons, 2005) 29-27, 235-245, Questia, Web, 27 Feb. 2012.

Industry job hunting is like visiting an unfamiliar international region with a distinct culture. Many businesses offer employees the opportunity to understand the melting pot that has transformed global workplaces into a multicultural mosaic. To develop leadership skills effectively, you must universally develop your leadership skills in comparison to the industry, competition, and region.

What is your role in designing the future?

What is your role currently in your workplace?

How will you lead effectively in a new industry, workplace, region, or culture?

With globalization, more employers and businesses will need to develop universal strengths, minimize weaknesses, and be more adaptable and flexible to various industries, regions, and cultures affected in a product matrix or business.

The LinkedIn Korn/Ferry Leadership Assessment allows users to sort cards and identify strengths and weaknesses. They get a free analysis report and can send those results across social media.

After inviting their peers and connections to complete a secondary evaluation, they can understand their blind spots, self-awareness, and skills more effectively. The assessment suggests that users should only invite people who have known them professionally for a year or more.

After completing these assessments, an additional experience and industry, region, and comparison analysis are available with a drop-down menu. Here’s my Korn/Ferry Top 5 Leadership Characteristics: 1. Understanding the Business; 2. Acting with Honor and Character; 3. Focusing on the Bottom Line; 4. Making Complex Decisions; 5. Getting Organized. I decided to try out the comparison tool to see how I would compare to others in various industries. I learned that many industries do not have a high value for Acting with Honor and Character. This differs based on the position role as well.

Whether you are a corporate vice president in the information technology industry, aspiring rock star in the entertainment industry, or a nonprofit manager in the education industry, the comparison tool can provide insight into priorities a business has for a specific region, area, and position level.

With the powerful future effect of globalization, it is even more important that leaders of the future become prepared and passionate about being more self-aware and comparing their leadership skills to others across the world.

If you focus on becoming more skilled, globally adaptable, and can exhibit the finer regional and flexible leadership characteristics today, you will be positioned to global competitiveness and success amid the larger effects of globalization tomorrow. That will prepare you to develop better and more exceptionally diverse teams and people; the future will compel leaders to take on these leadership challenges and create change, but why not start preparing for success today?

What trends do you see for nonprofit and NGO leadership? What’s your Korn/Ferry Top Five Leadership Characteristics?

Why would a man in Morocco who doesn’t have enough to eat buy a television?

http://pooreconomics.com/

http://pooreconomics.com/data/country/home

Source from: http://www.cafamerica.org/dnn/Resources/PressReleases/tabid/189/Default.aspx

more information, see http://www.copyblogger.com/creative-social-media/

Mary Cross is an experienced management consultant and marketing and business development executive. Currently the Managing Director of JKJ Associates, Inc., Mary has worked with a number of companies in the software, internet, and business services spaces. She has held senior management positions in marketing, business development, strategic alliances, and practice management. She has also held leadership positions in several non-profits and has extensive experience working with teenagers in a variety of service environments. She was Director of Strategic Alliances at Expert Central, Director of Marketing at The Bentley Group, a TSC Company, and Practice Director, Internal IT and Help Desk Practice at The Bentley Group. She also held roles as Product Marketing Manager at Palladian Software and elsewhere. Mary holds a BS Computer Science and Mathematics from Vanderbilt University and MS Management from MIT Sloan School of Management.

Ryan Flynn-Kasuba is a financial analyst at Ropes & Gray LLP. This position has given him exposure to various aspects of the financial side of a business including cash management, treasury, taxes and financial projections. Ryan has also had some experience in other aspects of the financial industry through various internships in investment banking, restructuring/financial consulting and equity research. Ryan is a co-founder and Vice President of the UMass Alumni Finance Group, a networking group for both UMass and non-UMass business professionals in Boston. He is also an active member on the Finance Committee for the UMass Amherst Alumni Association. Ryan is also a Big Brother volunteer for the Big Brothers Big Sister Program. Ryan graduated summa cum laude from UMass Amherst in the Fall of 2009 with a BBA in Finance and minors in German and Spanish.

Bobby Mills went to school at Newbury College for Business Mgt. and has worked in the mortgage industry for about 11 years before getting into Non Profit and Philanthropy. Early on, he served on the executive board for NAACP in Brockton MA, and in 2000, started his journey in the mortgage industry. He began as a loan processor, taking time to learn the business and procedures before transitioning to a loan officer position and closing more than $187 million in sales over the duration of his career. He worked with a few various companies including Homestar Mortgage & Wells Fargo Home Mortgage. His final stage in the residential market was with Maverick Residential Mortgage as a senior mortgage consultant. Then slowly transitioned and started his own commercial mortgage consultant firm in early 2007, Mills & Goldberg Financial, LLC, with a team of five consultants. He was the senior consultant and supported the entire team in self-sourcing and marketing businesses to qualify, as well as helping to qualify future loan applicants for commercial mortgages. He later closed that business in early 2010. Today, he is the creator and founder of M&G Foundation, a service that helps young adults and new entrepreneurs succeed in the business world. He is also networking with several other agencies involved in helping children and now philanthropy. Bobby realized how important it is to uphold integrity in a crumbling business world where this is not so, and his business focus capitalizes on that idea!

Yi Lin, PhD. comes from China, and is studing at Babson. Before came to Babson, Yi Lin worked for management software consulting company for several years and was also involved in two non-profit organizations, which raised his interests in philanthropy. He took the program manager role and led the program to more professional by introducting project management; In the other organization which is located in Boston, he took the project assistant and responsible for working out new initiatives and seeking volunteer resources. Both are related to child education.

Linza You comes from China and now is studying MBA in Hult Internatioanl Business School. Before came here, she worked as a relationship manager in HSBC for two years, and later worked as a talent agent for another two years. She created and conceived promotional strategies across all media platforms and generated business engagements for the talents. At the same time, she raised capital from investors, recruited production team, and managed production process music videos for them. She is now helping Hult to do some marketing thing in China, such as post blogs on forum and Chinese version twitter mirco-blog Sina. Linza always has interest in helping other people, especially poor people. She thinks Philanthropist.org work is very meaningful.

Kristofer Mondlane; graduate of Tufts University in International Relations has acted as integrated marketing consultant for philanthropist from late 2011 adding to his two year career as a marketing consultant. Before that, Kris spent two years as a business development consultant helping prominent international security contractors secure government and private contracts.

Laurent Bouzelmat is a french civil engineer. He worked for two major construction companies in France, Russia, Cuba and Dubai as a civil engineer and project manager. Laurent came to Boston to study entrepreneurship at Boston university. Laurent has experience in production management and contract management. Laurent is graduated from the Sorbonne University ( Mechanicals) and from the civil engineering school of Paris. Laurent speaks french, english, spanish and a few russian. Laurent holds a graduation from the Boston University school of management in Entrepreneurial Leadership.

Here’s an infographic about obesity worldwide:

Obesity Worldwide Infographic (Via The Inforgraphic Showcase; Credit: http://www.infographicsshowcase.com/wp-content/uploads/2011/10/ObesityLrg.jpg).

Shocking the audience into better behavior with an advertisement seems to have the same goal of scared straight programs for criminals. Shock and terrify the audience, to get a desired behavior change. The debate about acceptable advertising is increasing as advertisements display and target very young children with harsh words targeting perception and self-esteem about being overweight.

These advertisements succeed in going viral due to their brashness, which perhaps is a great way to generate a public service announcement or awareness campaign, but is it truly meaningful or is it hurtful to the business and brand? Do the means of shocking the audience justify the result, if more children become healthy? Is confidence in a brand’s ethics at risk?

I recently watched a movie, Freakonomics, where young underachieving students are bribed with incentives, including cash and prize drawings that included a limo ride home if they improved classroom achievement. These incentives work for younger children, but according to the Freakonomics economists, research has proven that incentives do not work as successfully for older children. Could children be bribed to lose weight? Are schools, teachers, and parents delivering lessons of nutrition and health?

Is there an issue of self-esteem and social relationships among obese children? Research posted in Freakonomics’ blog explores racial factors affecting body image and weight. Research finds that poor people are not necessarily more likely to be obese than non-poor people and people are less likely to be obese if they are patient. Additionally, children with overweight parents and peers are more likely than not to have flawed perceptions of healthy body weight.

Research finds that obese adults and those with chronic health conditions create business performance problems for their workplaces. According to data reported by Freakonomics:

About 86% of full-time American workers are above normal weight or have at least one chronic condition. These workers miss a combined estimate of 450 million more days of work each year than their healthy counterparts, resulting in an estimated cost of more than $153 billion in lost productivity per year. That’s roughly 1% of GDP.

Research gathered by Freakonomics also addresses that decreased cigarette smoking has led to a minority increase in obesity because cigarette smoking affects weight.

Considering a business’ needs, there is no question that health is an economic problem for the country and for any business, particularly a nonprofit and NGO business, especially where workers are missing so much work due to sick days.

If it is affecting GDP, it could also be affecting your business’ performance dashboard. Economists highlight that there are many more incentives for gaining weight then there are for losing weight.

Should your business incentivize good health? Many businesses are starting to do just that. The incentives may show promise of improving workplace wellness and health of employees.

What Should Your Nonprofit and NGO Board Do about Obesity?

1. Human capital has a major impact across all areas of your nonprofit and NGO business. Businesses understand human capital risks to major projects. However, consider the impact across other functional responsibilities and areas of the business. Evaluate the full nature of business performance. Can human resources and wellness officers improve strategy of healthy incentives and wellness programs? Do these programs improve business performance and health?
2. Obesity may be an ADA impairment that requires a reasonable accommodation and discrimination can result in a legal case. Harsh words about body image and obesity could generate legal issues. 
3. Consult with legal counsel about advertising and programs targeting employees and others served by the nonprofit and NGO. 
4. Consider how implementing policies and practices create a positive business and working climate for all people. 
5. Nonprofits and NGOs are using scare tactics to grab quick viral press attention. These ads may be targeting attention of media more than the children may be viewing them, but is it really ethical and responsible? Should your board consider issues of responsibility in advertising more carefully?

Would incentives be more successful at achieving a healthy result? The assumption of these nonprofits and NGOs is that their advertisements do not do any harm to the health of the children targeted. If the goal is health, children viewing these advertisements may resort to unhealthy behaviors in order to achieve a desired “healthy” image.Considering hospitals are running these campaigns, does that really align with a healthcare industry whose core basic tenet is doing no harm?

A brand and nonprofit and NGO business should be careful that it does not endanger its ethics in the process of advocating greater personal responsibility for health dangers. Its responsibility, depending on the industry, may be greater than that of those individuals targeted harshly in advertising.

Although healthy living is a personal responsibility, incentives and careful action by nonprofit and NGOS may inspire greater weight loss achievement in target populations. This ultimately may resolve the business performance issues created by obesity and chronic health issues. In turn, a significant burden on the economy and businesses may be alleviated.

Elizabeth Warren believes in a level playing field; she is deeply committed to middle and working class families’ economic health and well being.  She was an out spoken critic of no strings attached for Wall Street TARP. Elizabeth was asked to serve on the Congressional Oversight Panel and was charged with helping to hold the government and the banks accountable for how TARP money was distributed and spent.

She consistently criticized the Bush administration (and later the Obama administration) for failing to hold the banks accountable and failing to put safeguards in place to ensure that the banks used the funds to loosen up the credit market—instead of on big bonuses for top executives.

Rove’s ad has been widely criticized for being dishonest and inaccurate. 

The attack ad has been called “full of absurd distortions,” (Brian McGrory, The Boston Globe, 12/9/11);  “one of the most disingenuous and inaccurate ads of the 2012 cycle,” (Ari Berman, The Nation, 12/8/11); that “twists Elizabeth Warren’s role as a Congressionally-appointed watchdog,” (ABC News)

Elizabeth was named one of the “new sheriffs of Wall Street” by Time Magazine and was named Bostonian of the Year by the Boston Globe for bringing “a sense of sanity to the economic crisis.”

“It seemed as if the banks and other firms got a $700 billion bonanza and the American taxpayer got the shaft. But along came this straight-shooting Harvard professor to oversee the bailout, someone who pledged to look out for the middle class and brought a sense of sanity to the economic crisis. For this we give her our top honors this year.” (The Boston Globe 12/20/09)

Rove himself supported the bailout and never supported any measures to hold Wall Street accountable.

Rove said, “…if we let the banks fail the rest of the economy will fail, which is why everybody agreed let’s just step in and save our financial system, our credit markets.” (Fox News, 12/05/08)

Please find two links that help debunk Rove’s smears:

http://www.thebostonchannel.com/video/29955629/detail.html

http://www.bostonglobe.com/metro/2011/12/09/reasonchangechannel/4LNVGgrFPn6sOf96Cf8tJN/story.html

1)  Entrepreneur Access to Capital Act, HR 2930– This bill would allow businesses to accept and pool donations of up to $1 million (or $2 million in some instances) without requiring SEC registration.  This concept is known as crowd-funding, which involves the pooling of small contributions in an effort to help others attain a specific goal. If this bill were to become law, it would preempt state law, would permit access to capital sources that previously were untapped, and would prevent the new shareholders from being counted toward the SEC’s 500 shareholder limit for non-public companies.

2)  The Access to Capital for Job Creators Act (HR 2940) – This bill would remove the general solicitation and advertising ban from SEC Rule 506 under Regulation D.  This change would permit small businesses to solicit investments from accredited investors throughout the U.S. and globally.  Like the crowd funding bill, HR 2940 would provide greater access to capital sources.  It would also modernize the way Regulation D offerings are conducted by allowing businesses to directly advertise to accredited investors.

3)  HR 1965 – This bill with no name would increase the number of shareholders bank holding companies and banks may have before requiring SEC registration.  Currently, companies are required to go public if they have 500 or more shareholders and have $10 million or more in assets.  The bill would allow community bank holding companies to have up to 2,000 investors before requiring registration.  As such, community banks would have greater access to capital without requiring added SEC regulation.

4)  Small Company Capital Formation Act (HR 1070) – This bill would increase the limit on SEC Regulation A offerings from $5 million to $50 million.  Regulation A provides a streamlined way for small businesses to raise capital and has fewer requirements than the typical SEC registered offering, but Regulation A has not kept up with the times.  Very few companies view Regulation A as a viable alternative because the current $5 million cap generally does not provide sufficient capital.  The bill would allow small businesses to raise up to $50 million, which makes Regulation A- a viable alternative again. http://www.gunster.com/2011/12/house-votes-to-make-capital-raising-easier/

Senator Scott Brown, Massachusetts State Senator, wrote another, Democratizing Access to Capital Act of 2011, S 1791.  According to the author it, “would allow small companies to offer shares of stock directly to ordinary investors through established and vetted peer-to-peer platforms.”[i]

Currently, neither The Entrepreneur Access to Capital Act, HR 2930 nor the Democratizing Access to Capital Act of 2011, S 1791, has been enacted.  Since its passage; however, an ‘order to desist and refrain’ was recently issued in California, which means until states determine how this bill will be implemented, we see push back.

“Elected officials and business leaders – including the financial services industry – need to think seriously about advancing initiatives and policy solutions that address the challenges of entrepreneurs. If we are serious about accelerating economic growth and job creation, new businesses and entrepreneurs must be our focus.”[ii]

“Entrepreneurs in many countries have been soliciting investment through “crowd funding” websites designed specifically for fundraising purposes. But, in the U.S., only wealthy accredited investors have been allowed by the Securities and Exchange Commission (SEC) to invest in entrepreneurs and their startup companies (without extensive disclosure of the business plan and risks inherent to such new ventures). Those U.S. residents who do not meet accredited standards have been precluded from investing in startup companies.”[iii]

The Entrepreneur Access to Capital Act is one advancing initiative which has the potential to facilitate the acceleration of growth and job creation.   The benefits seem obvious, small start-ups have access to capital.  However, some see if the bill is enacted and implemented, we will see angel investing diminish.   Is this good or bad news? Many see Angel investing as an insulated community where deals are made between individuals and ‘group think’ is a serious byproduct.  Whereas others believe, the bill will open the flood gates for smaller, individual, investors who wish to invest in ventures which share their personal and professional values.  Many are interested in social projects where the business model is based on a social mission.

Internet and social networking platforms like Kickstarter.com are raising the stakes by providing transparent, efficient and reliable methods of transactions.  Traditionally angel investments are done by a handful of wealthy individuals, whereas, with crowd-funding, it potentially can be hundreds of ordinary individuals investing small increments of funding.  Angel investment communities are closed with little transparency; crowd-funding sites provide openness and simplicity.  Investment communities rely on the company.  With crowd-funding the community seeds are what grow the company.

From a business perspective crowd-funding through a social networking site like www.kickstarter.com , “value goes way beyond their stated value proposition of being a new way to fund creative projects. It encourages a deep connection with consumers. In a sense, you are building a street team comprised of all of your project backers prior to product launch. These individuals can then serve as brand ambassadors to help make your newly launched product a success.”[iv]

Why the pushback? The two big objections

1. Fraud-fear that companies will defraud investors, doesn’t this go on now without crowd-funding?  What we need is more efficiency, transparency and accountability with our investment objectives, goals and interactions. Web, database applications and social networking platforms are providing important methods of documentation, certification and authentication which should minimize the action of fraudulent companies and protect investors.
2. Angel investor expertise, coaching and networking opportunities are lost or diminished.  We are in the midst of a major paradigm shift in the way we interact and communicate.  Gone are the days of back room deals and handshakes, individuals are craving authenticity and clarity when they are considering investment opportunities in companies.

This is the time for individuals and businesses to embrace change; social technologies which bring groups and communities together to share information educate and teach investment strategies.  Here is another example of how social media and social networking is leveling a playing field.  “The potential is for ordinary people to benefit from investing in the same way that venture capitalists do, but without having to invest large amounts of money. After all, what return have ordinary people been getting recently on their investments or from their deposits?”[v]

The same is true for ALL stocks/ventures/businesses listed on philanthropist.org platform – philanthropist.org and associated IP will be fully-owned by a charitable trust – The goal of philanthropist.org  is to leverage the  web/mobile and related technologies to merge into one cloud – This is the space people associate with online giving for all non-profits & NGOs – knowing that there 100% efficiency behind it.

The philanthropist.org organization and those who support it are devoted to the core mission and belief, “everyday people can become philanthropists.” Socially-minded investors can directly and efficiently interface with entrepreneurs and volunteers working on exciting projects around the world by contributing a small loan or donation. Donors use Philanthropist.org because they see value in the ability to easily sort, compare, and select from a wide range of transparent and charitable efforts and efficiently direct their contributions to those individuals deemed most worthy of their philanthropy.

Volunteers, entrepreneurs, and charitable organizations use philanthropist.org to quickly secure funding for their efforts from sympathetic or like-minded donors. Market-based principles and peer-reviewed processes provide required controls, checks and balances allowing people to make informed decisions on all financial contributions.

Philanthropist.org will provide greater impact through maximum efficiency, accountability, and minimal transactional overhead.  Anyone who has the desire to become a philanthropist can make a direct 1-to-1 investment in hardworking people and monitor returns through financial performance and social impact ratings.  A decade ago the idea of such a concept was unheard of.  Now, like minded people who share similar values and beliefs about philanthropy can find ways to collaborate and maximize their charitable acts of giving.  The Entrepreneur Access to Capital Act, passed by Congress last month will no doubt have an impact on “Not non-profit” businesses with a social mission will have an opportunity to raise funds through crowdfunding.  Are you ready?

What we learned about Elizabeth
She comes from a humble, hardworking family, her brothers served in the military. She is a wife, mother, grandmother, researcher, teacher, lawyer and bankruptcy expert and policy advocate.  She was a leading force in the establishment of the U.S. Consumer Financial Protection Bureau (CFPB) which “is the federal agency that holds primary responsibility for regulating consumer protection in the United States.  She was twice named one of the 100 Most Influential People in the World by Time magazine” [i]

What does Elizabeth stand for?
Middle and work class families have been Elizabeth’s life work.  Her academic research and policy effort led to the idea, an establishment of a first of its kind, consumer protection agency for Americans.  Many political pundits and business leaders called her naive fool hardy; big banks and lobbyist are too powerful to let that happen.  She proved them all wrong and a new institution, the U.S. Consumer Financial Protection Bureau is in place with their main focus on protecting U.S. consumers.  She stood up to big institution and led a panel examining the federal bailout; she has a reputation as being a ‘watch-dog’ for tax payer dollars.  Time Magazine called her, “new sheriff of Wall St.”

What’s at Stake?
In a CBS poll, the priorities concerning a majority of Americans is the economy, lack of jobs and the growing federal deficit.  In an age of reality TV, information, hyper-connection, mobile technology, we are party to non-stop distraction, divisive sound bites and constant bombardment of division of social and religious issues.   We are witnessing a bread and circus environment, a populace that no longer values civic duty, education, excellence in public service and policy.

The question was asked today on Meet the Press, what can we do to get America back on track?  I guess it depends on the train we decide to take.  We have been off course long before President Obama took the White House.  The 2008 President inherited a world in crisis, the worst economic calamity since the great depression, a raiding of a treasury, billions of dollars lost in the Middle East.  A growing financial deficit, hundreds of thousands of jobs hemorrhaging by the month; an American people suffering two wars, over 5000 killed and more than 30,000 injured.  Inertia greater than ever predicted and a sea of frustration.  At the mantel of democracy he encountered the single most important 2008-2010 initiative, Congress; Senate Minority Leader Mitch McConnell, “the single most important thing we want to achieve is for President Obama to be a one-term president.”  We know that since 1986, Republicans have been signing a pact of no new taxes, including keeping the Bush taxes for the 1%, even though many wealthy individuals support the elimination. We know that 95% of all Republican Congressmen and all but one of the 2012 Republican presidential candidates have signed the pledge not to raise taxes under any circumstances. In times like this, we need a rational, educated and pragmatic leader who is willing to collaborate, negotiate and work across the aisle on important issues that are facing Americans.  In Washington, right now we have gridlock.  Rather than finding common ground for what is best for all Americans, our country finds itself in a nightmare reality TV program where ideology and party triumphs prudence and good judgment.  Elizabeth is building a grass roots campaign, listening and learning about what matters most to Massachusetts voters.  Elizabeth embodies authenticity, transparency and accountability, many of the qualities which are missing in our present institutions, public and political leaders.

Why it matters; get involved
As a society we have the potential for national unity; however in order to do so, we must start seeking common ground and similarities.  A love of country and those values we hold near and dear to us can bring people together to discuss important issues which keep us together rather than separate us.  We cannot continue to sustain a future as long as we maintain divisive rhetoric.  Elizabeth Warren, a breath of fresh air, wants to start a grass roots movement so that she can listen to what’s important to the people of Massachusetts.  She is willing to join forces, work together and create common vision for the people of the Commonwealth of Massachusetts.  It’s time to get off the side lines and make a choice.  We have a lot at stake.

The Occupy movement, celebrating a two month birthday, seeks a democratic approach to taking a stand. They are a social generation which believes they can change a system which no longer works for the majority of the American population.  Fueled by the Internet, mobile technology and a social media revolution, they are bringing important social and economic grievances to the streets, parks and social networking sites across the globe. Through collaboration and non-violent civil protest, they are demanding change. Free assembly and demonstration is at the core of the occupation movement and one which is resonating with many Americans.

The movement is becoming a powerful voice which started as a small band marching through the streets; the making of a tent city is what matters most at the moment.  They believe that land and space are important symbols. They are necessary but not core to the movement. Their cohesion is in their ability to communicate across geographic boundaries and reach.  Their Facebook and Twitter feeds are keeping the fabric of a group tied closely by their love and passion of the values and principles which make it an Occupy movement. They see the need to seed the ideas of a movement beyond Wall Street and city parks. Phillip Anderson, an occupy member, would like to bring it into suburbs and living rooms across the country.  Centuries ago, community members sat in living room parlors, where they gathered, to talk and debate important topics of the day on social political, arts and theatre.

The 21^st century parlors are Facebook, Twitter and YouTube.  We have a generation of socially, economically and political conscious activists, connected, engaged and educated to the important topics of the day.  The Occupy movement just launched a web site www.wecanoccupy.org to engage more people. They are ready to represent the 99%; they want to broaden the message so those who may not make a connection to the movement or the message will agree in principle to support the right of free assembly.

It’s important to think about what an early stage of this movement has done. They are raising the level of America’s consciousness around important disparities. The encampment is a symbol, a participatory playground of democracy; Occupy Boston and the world have volunteers who are vested in the movement.  It may not sustain a long term encampment; it may mean to ask people to go back in history and start hosting events, occupy places and talk about issues close to their values. What are the issues which impact families?   The movement is encouraging discussions of broader concerns. They want people engaged and involved in community activities.  Tim McCarthy, another member wants people to understand that the encampment is just one aspect.  We have people who want to be more political, other’s who want to be more militant; we respect all voices.  At an early phase of movement it is good to diversify strategies, so people can be a part its meaning, value and message.

When we look back at history and read about the civil rights movements, we learn about the bus boycotts, sit in movements and the freedom riders.  These are historical references of good strategies to give people ways to engage in political and social movements.  This group is seeking to diversify and move out to a broader audience to influence ideas, institutions and people.  The criticism of the occupy movement is it doesn’t have a focus.  It’s a matter of debate about what they are protesting; however what we know is that they have the right of freedom of speech.

Does it matter if a movement has a single focus to be successful?  The Occupy Movement may not have one message, but they have brought attention to economic inequality, a financial and political system which is not working for the majority of the population, the 99%.

The article gives a glimpse of economic and social disparity. From tax breaks to tax shelters to tax loop holes, protection for the wealthiest Americans  is contributing to the debate waging in Washington and in #Occupy neighborhood parks across the United States. Mr. Lauder, the world’s 362 wealthiest individual has used his influence, wealth and philanthropy . “It is entirely possible that most charitable organizations promote the public good to a sufficient extent to warrant this sort of revenue loss, however it is inaccurate to imply that these contributions are cost less to taxpayers. Everyone else faces a higher tax burden as a result of the tax savings that the wealthy receive from their charitable contributions.”[i]

Several billionaires led by Warren Buffet and Bill Gates have weighed in on the discussion “the current tax code system adds to the budget deficit and contributes to the widening income gap between the richest and the rest of society.”[ii]   Our current tax system allows billionaires like Mr. Lauder to shelter much of their wealth.  For example, one tax shelter allowed Estee Lauder Company to avoid as much as $10 million in federal income tax for years.  In 2014 the company is scheduled to pay taxes on $72 million dollars but as the article reports, many accounting maneuverings will defer the payments.

Another shrewd tactic, used by the wealthy, to prevent paying taxes is called, ‘hedging technique.’  A complicated stock game and “under IRS rules, at the time the Lauder family avoided paying $95 million in capital gains taxes.  This technique was used ‘so aggressively’ by this family that the US Congress amended the law and ultimately, the family paid only a portion of the millions in stock from the ‘hedging technique.’

U.S. tax laws protect the wealthiest U.S. families. At the time of Estee Lauder’s death in 2004 her heirs inherited $4 billion which was taxed at 16%.  In addition, U.S. laws also protect companies’ capital. Case in point, Estee Lauder is worth $600 million; however nearly $400 million is used to secure lines of credit. “It’s a practice which is not generally used by a principal share holder but in this case it’s a way for wealthy stock holders to get cash out without having to pay taxes. Significant portions of Mr. Lauder’s inherited stock are held in family trusts, which reduce the ultimate estate tax.”  [iii]

Mortgage interest deduction is another tax shelter which few average Americans can take advantage.  “Household with more than a $1 million in income claimed more than $27 billion in such deductions from 2006-2009. Some of the wealthiest are also deducting mortgage interest on their yachts.”[iv]. Another little gem of the U.S. tax code is that there is no limit on the amount of property tax that can be deducted.  For one of his many properties, Mr. Lauder pays $400 thousand in property tax each year on his Palm Beach mansion which he can deduct from his taxes.  “This welfare for the well-off costing billions of dollars a year-is being paid for with the taxes of the less fortunate, many of whom are working two jobs just to make ends meet.” [v]

Charity or tax breaks?  This month Mr. Lauder was recognized with the Carnegie Foundations Medal of Philanthropy award for those people who are extremely generous and give generously to charities. What many are not aware of is that art collectors who offer their work to museums up until 2006 were able to take a deduction for donating a portion of their act collection.  “The tax code shouldn’t allow the wealthy the kind of loopholes that let them, essentially, force other tax payers to underwrite donations to their pet causes.” [vi]

Mr. Kocieniewski, NYT article clearly demonstrates a deep social and economic divide which continues to widen as a result of a system in crisis.  Over the weekend, on Meet the Press, Grover Norquist, President, Americans for Tax Reform, praised the no new tax pledge which includes closing tax loop holes for the wealthy. The Bush tax cuts are set to expire at the end of 2012. President Obama advocates to the keep the tax cuts for working and middle class families while letting them run out on the wealthy.

Sixty minutes showed children who are living in cars in the streets, not far from the mansions in Florida. The economic divide creates Invisible People, those who are not as lucky as Mr. Lauder to be born into wealth and privilege. These are the people who are born into generations of laborers, working class who have lost their jobs, homes and the American dream.  They have slipped below the radar screen; they are now one of the 49.1 million Americans living in poverty.

As the Republican debates continue, a pledge led by Mr. Norquist which is supported by the majority of Republicans refuses to budge on reviewing the current tax code.  Yet, elimination and deep cuts are on the table for current entitlements programs for the elderly (social security payments and Medicare) the poor, (Medicaid, welfare and food stamps) and the military (military aid). Many Americans are questioning how paying into social security, unemployment benefits and serving in the military are considered entitlements. Republicans are protesting big government and purging departments such as education, energy and commerce.

What is the social and moral responsibility of a society to care for its people, young, old and infirmed?  Political leaders are able to advocate cuts in economic, education and social programs for the poor while standing up for the wealthy.  They are preventing a portion of the population from paying their fair share at the expense of working and middle class families. How we justify a system which has cut the taxes of the very wealthy (In 1957, tax rate for top earners was 90%, in 1978 tax rate for top earners was 70%, today top earners tax rate is 35%)?  Americans have a choice- do we continue tax breaks for the wealthiest Americans on the backs of working and middle class families? Or do we demand a reasonable, rational approach to the tax code?

[i] Inspired? Read more:
http://feedproxy.google.com/~r/beat_the_press/~3/9keQXESN1dw/the-philanthropy-of-the-rich-does-have-a-cost-to-taxpayers#ixzz1f0X3NaAj

[ii] http://www.nytimes.com/2011/11/27/business/estee-lauder-heirs-tax-strategies-typify-advantages-for-wealthy.html?_r=1&scp=1&sq=A%20Family%27s%20Billions,%20Artfully%20sheltered&st=cse

[iii] http://www.nytimes.com/2011/11/27/business/estee-lauder-heirs-tax-strategies-typify-advantages-for-wealthy.html?_r=1&scp=1&sq=A%20Family%27s%20Billions,%20Artfully%20sheltered&st=cse

[iv] [iv] http://www.nytimes.com/2011/11/27/business/estee-lauder-heirs-tax-strategies-typify-advantages-for-wealthy.html?_r=1&scp=1&sq=A%20Family%27s%20Billions,%20Artfully%20sheltered&st=cse

[v] [v] http://www.nytimes.com/2011/11/27/business/estee-lauder-heirs-tax-strategies-typify-advantages-for-wealthy.html?_r=1&scp=1&sq=A%20Family%27s%20Billions,%20Artfully%20sheltered&st=cse

[vi] [vi] http://www.nytimes.com/2011/11/27/business/estee-lauder-heirs-tax-strategies-typify-advantages-for-wealthy.html?_r=1&scp=1&sq=A%20Family%27s%20Billions,%20Artfully%20sheltered&st=cse

The Business Incubator Center is calling out for candidates to apply for their Internationally Recognized Incubator Program. Start-ups are a vital contributor to the health and diversity of our local economy.  The Business Incubator Center was one of several initiatives created to diversify the economy and create jobs. The Business Incubator Center has a variety of different programs to help entrepreneurs. They offer an intensive 5-year business support program that accelerates the successful development of start-up and fledgling companies by providing entrepreneurs with an array of targeted resources and services.

Participants in the Incubator Program will receive regular formal financial reviews, on-going management guidance, technical assistance, business consulting, assistance in obtaining the financing necessary for company growth, and networking opportunities with other businesses & customers in the community. Other services offered are:

• Training Classes – Offered through the Small Business Development Center, classes cover such topics as marketing, taxes, bookkeeping & financial statements, and the in depth Leading Edge program. These are often available at a reduced rate to Incubator Program Companies.
• Intensive Projects – From time to time, Program Companies have intensive projects with which they need assistance. This may involve the use of interns or other specialists brought in for that purpose.
• Trade Shows and Showcases – Through the Incubator program, Program Companies have the opportunity to participate in trade shows and business showcases, often free of charge.
• Open Houses and Socials – Many are offered throughout the year, including an annual holiday open house. Program Companies are encouraged to participate, as these are excellent networking opportunities.

Today, the Incubator Program serves approximately 54 Incubator Program Companies in our 60,000 square foot facilities. The Business Incubator Center is nationally recognized as a leader in entrepreneurial business support. During its 23 year history, it’s been recognized with five National Business Incubation Association (NBIA) awards for its programs, clients and graduates’ performance.

The Incubator Program has some openings and is looking for candidates to apply to be in the Incubator Program. Interested applicants can download the application for the program off the website www.gjincubator.org or by coming to the Business Incubator Center in Colorado. All types of businesses within different industries should apply, including manufacturing, agriculture, professional & technical services, construction and retail.

Resources are available, you just have to reach out to it.

The Entrepreneur Access to Capital Act amends a 1933 securities rule which prevents securities exchange across interstate and U.S. mail.  One entrepreneur who in 2009 launched a pro-crowd- funding organization supported the bill’s passage.  The bill will facilitate market inefficiency and provide opportunities for online communities and affinity groups to support local and global business ventures.  Crowd-funding can help raise capital and dreams for small business owners.  One example was a laid off construction worker who two years ago took his mother’s recipes and turned it into a taco joint on wheels.  When a neighbor invested $25,000 in a dream, one year later, he owns two trucks with 33 employees.  The business owner also sees the value in employing a social media strategy, building a community and giving back. He tweets daily specials and engages with over 6000 followers and 1300 Instant Message users.  His followers are a generation of fans who support him and are willing to invest in his company.

As great as it sounds, some believe con-artist will take advantage of the new law and web sites will start to spring up promising quick deals which close up as soon as they receive the money.  No question this is a risky venture.  However many social entrepreneurs, venture capitalists and social investors have been waiting to leverage social networking and crowd-funding sites to support their mission driven businesses.   With the proliferation of mobile technology and applications, people are merging their offline experiences with online engagement.  Many are able to share their interactions in real time with friends and family.

The passage of the Entrepreneur Access to Capital Act also reflects a colliding of two worlds; the physical with the digital.  Individuals from their phones and mobile devices can now search, view projects and businesses which share their core values, principles and purpose and invest in them. They can share it with their social and professional networks and ask for their help.

Maybe we can start a new trend in access to capital by sponsoring a social venture entrepreneurship day which eclipses sales of Cyber Monday and Black Friday.  What if one day a year we go online to raise money for local food pantries in communities across the U.S. which need them the most?  This can now happen as a result of the Entrepreneur Access to Capital Act allowing people to invest small sums of money to mission driven ventures which have lasting social impact in local communities.

http://www.npr.org/2011/11/27/142821690/the-deregulation-bill-thats-drawing-crowds

http://jimhamiltonblog.blogspot.com/2011/11/house-floor-colloquies-define-key-terms.html

The idea was, “ bring an ice cream parlor to a community anywhere in the world where people can come together in a neutral space and have an informal conversation,” “Informality creates the ties and networks of communities that Rwanda so desperately needs to create.”   These are the types of stories that leave a warm feeling in your heart and a smile on your face.  Even in dark times, a bright light, a beacon of hope, love and generosity finds its way into a community.

Inspired? Read more:  http://www.time.com/time/world/article/0,8599,1997330,00.html

When George Bush first took office his administration was handed a sizeable surplus. When Barak Obama took office in 2008, he was handed record debt, a financial system was in shambles, the auto-industry on the brink of failure, the banks and institutions which were too big to fail, were on the verge of collapsing; the American people were forced to bail them out.  Add insult to injury, at the end of the run, banking, finance and Wall Street executives reaped millions in bonuses while families across the country were thrown out of their homes and onto the streets.

In 2008, not long after the election, the American people were told by the Republican leadership that although 50% of the American people voted for the president, they would do everything in their political and personal power to make sure he was a onetime President.  With the election less than one year away, they may finally succeed in the one promise that they made, making sure a president fails at the expense of its people. No wonder working and middle class families lost ground; we were hit with a recession, lost jobs, had zero growth of income, while we witnessed congress and political leaders play tag with our global standing in the world, our economic, social and political futures.

What happened to judgment, the evaluation of evidence in making a decision?  Did our leaders not see the implications in their lack of action and its impact on the American people they serve?  We vote people into office who we believe exercise good judgment and decision making.  What we neglect to realize is that judgment is based on personal values, aligned with a belief system.  We have a great many leaders whose personal belief system is wrapped up in their financial gain and political power.

What are the operating principles which govern our leaders?  Why are their values so fundamentally different than the average American?  What allows them to live with one set of rules while the rest of Americans endure hardship?  Our parents and grandparents who gave so much to this country are now sitting on an economic time bomb; Medicare and Medicaid are under siege, social security is next.  We expect our leaders to guide us out of the economic abyss and towards some form of reconciliation. However, promises have been made, brokered and broken. We have 49.1 million Americans who live below the poverty level; while we have 1% of the population whose net worth is equal to that of the bottom 50 million Americans.  In the halls of Congress we have silence.

The two executives leveraged, crowd-sourcing, the power of the masses whereby individuals easily connect and join like-minded affinity groups, unencumbered by geographic boundaries to tackle  projects, programs and missions. Crowd-funding leverages the concept of crowd-sourcing soliciting large numbers of people to support, help or donate to a particular venture, task or charge.

Up until the passage of The Entrepreneur Access to Capital Act, crowd-funding was exclusively used to fund raise for non-profit organizations.  With the passage of the act, small businesses have the ability to use the same methods to solicit capital online. If you are a small business owner looking for investment capital to jump start a new business, project or a social mission, you may want to learn more about crowd-funding.  To truly understand and appreciate crowd-funding, one needs to know about the power of crowd-sourcing which facilitates large groups of people to assist on projects requiring more than a single person to accomplish it.

The influence and reach of the Internet, social networking and social media core values: authenticity, transparency and accountability; crowd-sourcing has real value and credibility.  Crowd-sourcing is divided into four distinct groups.  Business and social sites provide technology infrastructure which allow communities of practice to populate information, raise awareness and funds to impact industries and communities. (http://dailycrowdsource.com/downloads/umbrella-of-crowdsourcing.pdf):

1. Micro task-divide a large project into smaller tasks to be dispersed to several people. Examples of projects include, research, data confirmation, data tagging-http://www.clickworker.com/en .
2. Macro task-demonstrating the requirements necessary for project completion and asking those knowledgeable in the areas if they can assist.
3. Crowd-funding-requesting support or donation of money from a group of people for a particular project or cause. In most cases if donations goals are not met the money can be refunded.   http://www.kickstarter.com/
4. Contests-ask a large group to participate; only a few are chosen or compensated http://www.squadhelp.com/ http://www.crowdspring.com/.

The pressures and threats with limited capital sources, the growth of global innovation and the ability of other countries, France, Denmark and the United Kingdom to implement crowd-funding led to the passing and overhaul the SEC laws.  The vetting of worthy businesses will take place, “if changes are made in U.S. laws, the funding rounds can occur via SEC-regulated websites. These websites will provide transparency, open communication, accountability and reporting among the investors, entrepreneurs and the SEC. This is an expanded version of “friends and family” fundraising, which uses an individual’s or business owner’s social networks to create jobs and grow the economy.”

Small businesses which use the Internet and social networking sites to engage with their audience and investors have a much better chance of raising capital using crowd-funding.  Businesses which tap into their community will drive their vision and mission.

http://dailycrowdsource.com/2011/10/24/earth/geography/new-crowdfunding-company-links-start-ups-with-investors/

The influence of the Internet, e-commerce, social media and social networking cannot be overstated in the influence to modify 1933 security and exchange laws. The social media revolution which has its own set of values: authenticity, transparency and accountability are influencing all aspects of our society and culture.

We cannot lose site of the fact that the Internet and social networking brings like-minded people together to communicate, educate, entertain one another can now take their collective dollars and invest in companies which align with their core values and financial goals.   We are on the verge of revolutionizing traditional investment interaction. Non-wealthy, non-professional investors for the first time can search the Internet research public offerings of business ventures and decide if they want to invest.

Traditionally, legal barriers and complex set of regulations prevented small non-professional investors from entering the world of venture investments; however, under the new law, crowd-funding has opened the door for new capital from large audiences with small donations.

What does this mean for the small start-up which is on the verge of a new business opportunity but cannot receive traditional bank loans, or have a seat at the venture capital table?  It means they can take their business model to the Internet, describe business goals, demonstrate the value it brings to the market place and seek thousands if not tens of thousands of people soliciting $5, $10 $100 investments.

What does this mean for the non-professional investor? Individual investors can now invest in companies up to 10% of their overall portfolio.  It also means that the average investor has control over the types of investments they wish to invest in.   Socially and economically conscious individuals can now seek investment opportunities in organizations and companies in which share their values, ideologies and goals; business can make profits while creating positive change in the world. The proliferation of social sites also provides transparency, accountability and oversight for individual investor.  However, let’s not lose sight of the fact that with any new legislation there is concern to protect citizens from being manipulated, cheated and swindled out of hard earned dollars.

As we move in the direction of crowd-funding, the role and responsibility of the individual becomes increasingly important.  Individual investors need to become much more educated and aware of where their investment dollars are going.  Savvy Internet and social networking users have more financial investment opportunity, the question is can they take that knowledge and become savvy Internet investors?

The bill exempts securities from registration requirements if the cumulative amount raised through the issuance is $1 million or less.  Each year ($2 million or less if the issuer provides investors with certain financial information;) and each individual who invests in the securities does not invest, in any year, more than the lesser of $10,000 or 10 percent of the investor’s annual income. http://www.gop.gov/bill/112/1/hr2930. What does this mean for crowd-funding, social entrepreneurship and venture philanthropy? We start by gaining an understanding of the terms and their meaning.

Crowd-funding http://en.wikipedia.org/wiki/Crowdfunding , “(sometimes called crowd financing, crowd sourced capital, or street performer protocol) describes the collective cooperation, attention and trust by people who network and pool their money and other resources together, usually via the Internet, to support efforts initiated by other people or organizations. Crowd funding occurs for any variety of purposes^[1], from disaster relief to citizen journalism to artists seeking support from fans, to political campaigns, to funding a startup company or small business^[2] or creating free software.”

Social entrepreneurship http://en.wikipedia.org/wiki/Social_entrepreneurship “is the work of social entrepreneurs which recognize a social problem and uses entrepreneurial principles to organize, create and manage a venture to achieve social change (a social venture.) While a business entrepreneur typically measures performance in profit and return, a social entrepreneur focuses on creating social capital. Thus, the main aim of social entrepreneurship is to further social and environmental goals. Social entrepreneurs are most commonly associated with the voluntary and not-for-profit sectors,^[1]but this need not preclude making a profit. Social entrepreneurship practices a world view or international context is called international social entrepreneurship.^[2]

Venture philanthropy “takes concepts and techniques from venture capital finance and technology, management and applies it to philanthropic endeavors.”http://en.wikipedia.org/wiki/Venture_philanthropy

Micro-financing http://www.philanthropist.org/microfinance.php “is a method of providing financial services to low-income entrepreneurs, often in the developing world. The provision of small loans to these individuals is called microcredit. Traditional banking services and loans are usually not a viable option for these potential borrowers because they often do not have assets that can be used as collateral and smaller loans are simply not profitable for the banks to maintain.”

Why the Entrepreneur Access to Capital Act is important
The failing economy is one of the driving forces behind the bi-partisan support. However, the Internet, social media and social networking sites are making it much easier for the average individual investor to invest capital in like-minded companies and social ventures without the red-tape, scrutiny or restrictions of the Federal Trade Commission.

Government and business leaders agree with a faltering economy, non-traditional methods of investment capital and job creation is necessary.  At the same time, social media’s reach and influence makes e-fundraising and e-venture philanthropy a logical next step.  The passage of the bill will open capital to businesses which are unable to secure  traditional bank loans. In many cases it will keep companies and missions viable and growing. However, concern exists over inexperienced investors losing money in high risk ventures and gambles.  Protective measures to guard the public from securities fraud must be part of the amended act.  For example will states have the authority and regulatory power over companies which participate in crowd-funding?  People who have been convicted of securities crimes, how will they be restricted from crowd-funding? A disclosure on company web sites and social networking channels is required stating the risk and speculative nature of investment start-ups. Is this enough?

Who benefits from the passing of the Entrepreneur Access to Capital Act?
Michael Barnard commented on a blog about what it means to one industry. “The independent film industry has been adversely affected by the economy and technology, more than many other industries. One symptom of this malaise is the rise of “crowd-funding,” the only way many filmmakers have been able to practice their art and craft. We connect with people via crowd-funding who are willing to donate money in order to see independent films continue. It is not a profitable venture for any involved and the amounts are small. Because of the hindrances of the broad securities regulations, crowd-funding has been only a vehicle for small donations, not large investment. This has kept the independent film industry expressive, but in turmoil and without any financial base for rebuilding its infrastructure. This is an exciting opportunity for filmmakers to offer real equity investment to those who are interested in independent films. These people want to participate in filmmaking and are knowledgeable about its risks and rewards.” http://www.washingtonwatch.com/bills/show/112_HR_2930.html#usercomments

www.kickstarter.com is an example of crowd-funding which allows actors, artists and entertainers to solicit fans to raise funds for their projects and entertainment tours and in return, participants receive CD’s T-shirts and signed posters.  Crowd-funding will also allow startups to offer and sell securities via crowd-funding sites and social networks. http://www.portfolio.com/business-news/2011/11/03/house-passes-two-bills-to-help-startups-raise-capital

www.philanthropist.org will benefit from the passing of the act. This social venture is an example of seven successful social and business entrepreneurs who have a business vision with a social mission. They have created a global network of like-minded people who are leveraging technical, financial and business principles to bring people of means with people in need. The ultimate goal is to eradicate poverty in the developing world. What makes it truly innovative is that “Philanthropist.org is a virtual community which allows exchanges that join charitable donors with volunteers. Donors use Philanthropist.org because they see value in the ability to easily sort, compare, and select from a wide range of transparent and charitable efforts and efficiently direct their contributions to those individuals deemed most worthy of their philanthropy.”

The passing of this bill allows www.philanthropist.org to further the mission by allowing individuals to become Internet philanthropists. They have a viable technology infrastructure driven by a business model which includes five guiding principles: transparency, inclusion, liberty, efficiency and social impact http://www.philanthropist.org/mission.php. This one organization has the potential to leverage crowd-funding and social entrepreneurship.

Time will tell if the passing of this bill creates better access to new capital, expands new businesses and creates new job opportunities.  The crowd-funding exemption is a big boom for a lot of American small business owners who are looking for new and innovative ways to establish business capital and spurn new ventures. Others are skeptical.  We will be watching. http://www.nhbr.com/businessnewsstatenews/939487-257/crowdfunding-gets-big-boost-in-congress.html

Social responsibility is an ethical ideology or theory that believes an organization or individual has a moral and ethical responsibility to society at large. It is the responsibility of all citizens to understand and know the balance between economy and our eco-system. http://en.wikipedia.org/wiki/Social_responsibility

Corporate responsibility is also called corporate conscience, corporate citizenship, a way of business self-regulation which is integrated into a business mode, a method of actively monitoring the company with the spirit of law, ethics and international norms.  The goal is to encourage company action which will make a positive difference in the lives of its citizenship and make profits.

China is not alone on corporate misdeeds and its negative impact on the world economy, environment and the public health. United States companies also struggle with the balance of corporate and social responsibility and its impact on society.  http://www.chinadaily.com.cn/cndy/2011-11/11/content_14076073.htm

Equally alarming was the 60 Minutes segment on Sunday night. We learned that our republican and democratic leaders use political clout and private information for economic profit and gain. In some cases, at the expense of the public good.  The law punishes Americans who participate in in-side-trading. However people who are vote into office to uphold the public trust live by another set of rules.  60 Minutes presented political leaders from both sides of the aisle profiting from inside information in which they obtained on the job as they were briefed on sensitive banking, economic and health care data.  Whether purchasing, selling bonds, stock from inside-information or land deals, our public officials are using Washington as a playground for big earnings, profits and payouts all within the law. John Boehner, Nancy Pelosi and Congressman Bachus all benefited financially from information they obtained in their political positions.

We have laws in Congress that make it legal for these leaders to profit from the information that they are privy to.  For example when the market was crashing in 2008, some congressional leaders were trading stock and making millions.  In one case, inside information on land use gained one congressman 2 million dollars.

We learned no laws were broken; however, if we apply the definition of social and corporate responsibility to this situation, we see that our political leaders come up short on their moral and ethical responsibility to the people they serve.  We have millions of Americans out of work, no longer living in their homes and unable to pay their bills.  As American families struggle across the country, political leaders single handedly bankrupted a country, economically, socially, morally and ethically, for their own personal  gain.  We now have a burgeoning industry in Washington, political intelligence lobbyist, those who broker private information in the halls of our government for the economic gain of a few while the many suffer.

It is the season for giving and it appears that many organizations are in full fundraising force this holiday season.  Many state charity organizations are taking this day as an opportunity to raise awareness among young adults by recognizing individuals and corporations for outstanding philanthropic work for 2011. Fargo North Dakota http://www.inforum.com/event/article/id/340285/group/News/

In the Texas Panhandle, faith and generosity go hand in hand when Mr. and Mrs. Barnes donate jewelry, a gold cross, to devoted volunteers for the work they do for their neighborhood and churches. The Barnes are low key individuals who do not wish to be in the spot light, however, their neighbors and professional peers think otherwise, Janet Byars, chair of the event which is honoring the Barnes, says, “I think it’s important that we talk about it because (philanthropy) does affect everybody. ”   We agree and this is why we also want to recognize the Barnes for continuing the spirit of giving and making a difference in the lives of others. http://amarillo.com/lifestyle/2011-11-11/day-honors-philanthropists#.Tr-20z0r2so

The Florida Times Union online blog, Jacksonville.com reports the winners for the 2011 National Philanthropy Day.  At a luncheon at the Hyatt Regency, the community gathered to listen and learn how outstanding individuals are changing the world of philanthropy one generous act at a time.  This years outstanding individuals and corporations are:
Outstanding Philanthropists — Linda and Vince Ferrigno.
Outstanding Volunteer Fundraisers — Paul and Amy Wilson.
Outstanding Foundation — Neviaser Charitable Foundation Inc.
Outstanding Corporation — Miller Electric Company.
Outstanding Civic Organization — Knights of Columbus Father Murphy Council No. 5535.
Outstanding Youth in Philanthropy — Tre-Ellis Scott.
Outstanding Young Professional Organization — The Discovery Circle. http://jacksonville.com/opinion/blog/400721/beth-cravey/2011-11-11/first-coast-philanthropists-be-honored-monday-event

The Mark J. Gordon Foundation of Southern Florida has raised over 3.5 million dollars since it’s inception in 2005.  Mr. Gordon is not satisfied; however, he wants to do more.  He realizes that giving money is only one piece of the giving strategy.  In order to maintain and sustain philanthropy over the course of time, we need to seed and grow philanthropy among the next generation.  To achieve that goal, Mr. Gordon launched a new program called “SHAPE-Students Helping Achieve Philanthropic Excellence,” the aim is for after school program to shape young people to be leaders in the world of philanthropy.  It is more than writing a check, it’s about involvement being a part of something that is greater than you.  Young people are learning that their actions can have a major impact on the lives of others less fortunate.  The program is now in 41 high schools across Miami-Dade County and the plan is to grow across the state.  Mr. Gordon is seeding a generation of philanthropist and we recognize him for his outstanding leadership. http://www.miamiherald.com/2011/11/11/2498967/shape-aims-to-turn-high-school.html

It is used for mainly fund transfers and payment of utility bills on the internet. The new passage allows publics to use local currency credit cards for online transactions within the country. Online Banking service was started in Bangladesh by Bangladesh Bank on a small scale. And of course I think It will boost the use of e-commerce and online banking facilities, helping subscribers of all profitable banks in Bangladesh.

Bangladesh Bank Governor Atiur Rahman said “This will create a revolution in e-commerce and online banking,”. I am totally agree with him although there are some problems. The almost 40% people are not highly educated in Bangladesh and they are confused about the system but we (students) are trying to remove their fear.

Hopefully after some years we will see that Bangladesh will be an example of Online Banking.

Rather than speak about their plans to put Americans back to work, fix the economy and rebuild physical infrastructure, they ridicule a government and instill a lack of confidence and trust in the very institution they want to govern. Americans are fed up with special interest groups, greed, corruption and complete political stagnation. The shortcomings of all politicians, big business and government to compromise, cooperate and find fair and equitable solutions is frustrating a nation, instilling zero confidence.  The nine presidential hopefuls, Rick Santorum, Michelle Bachman, Newt Gingrich, Mitt Romney, Rick Perry, Ron Paul, Herman Cain, Jon Huntsman did not instill much more.  All want to eliminate big government.  None defined what that entails; too much government, just right, but one thing is for sure from Ms. Bachman perspective, ‘freedom isn’t free. Everyone has to pay.” Dr. Paul announced that spending is a disease and we should eliminate the Federal Reserve.  Mr. Perry promised if elected President, he is going to pretty much wipe out the departments of education, commerce and it took him twenty minutes to remember energy. He also wants to de-regulate industries starting with the financial ones.  Too Big to Fail and Margin Call are movies which illustrate just why government and business need cooperation and collaboration. We need transparency, accountability, checks and balances.  The fact that political leaders, who are elected to hold public trust, would want to privatize social security and other vital social programs, actually hand-over total fiduciary responsibility of people and families futures after the run on Wall Street is irresponsible if not just plain negligent.

Clearly the candidates are successful, wealthy, and fortunate to have done quite well living the American dream.  Doctors, lawyers, successful business leaders all want to lead the free world, yet, as we learn from Ms. Bachman, nothing is free. The candidates talk about crisis in trust and leadership, close the loop holes, cut state and federal programs, kill federal student loan program and eliminate entitlement programs.  As a matter of fact, candidate Perry actually said, kill the federal government. He stumbles to try to name the three he would abolish first. Candidates believe if we roll back banking and financial regulation before 2008, the market will bounce back. Amazing that social security, Medicaid, Medicare, student loans, health insurance, education, energy and commerce, all elements which American society benefit from will go away.

We did not hear about curbing or slashing spending on military, international aid, nation building, nor did they mention rolling back tax breaks for large corporations which post billions in profits. As far as all the republican candidates are concerned get the federal government out of our lives, our health, no bail outs, and no social and educational programs. Mandate everything to the states.

Mr. Romney who had real successes in collaboration between government, private and NGO sectors in Massachusetts actually did not want to be reminded of that.  Mr. Romney, who speaks of jobs building, an executive at the head of Bain Capital, bought and sold companies eliminating jobs.  Unfortunately, we did not hear compelling solutions or powerful strategies to minimize the risk to the most vulnerable, create jobs, and provide fair and equitable approaches to growing disparities in our country.

We also listened intently to hear how our leaders would make government more authentic, transparent and accountable to the people they serve.  We waited to hear the spirit of philanthropy, the good for humanity, acts of kindness, empathy and compassion. We are still waiting.

Character of Good People and Good Business

Business is often expected to respond to issues of ethical principles of moral philosophy, including justice, rights, and more. These higher standards of performance, even through they may not be required by law, become part of an organization’s business policy and standards. These policies and standards define the organizational operating patterns and behaviors, which defines the image, culture, and governance that is allowed by the organization. A gap analysis of what is and what should be within organizations can readily identify many areas where management and boards need reform.

Imagine the disaster this could cause your organization if people incorrectly read laws to only suit their purposes.When they make assumptions about what is required by the law, organizations find themselves making costly and irresponsible behavior. As an American Bar Association approved certified paralegal with experience in the legal industry, one of my pet peeves is someone who does not research the law reads a law assuming a self-serving application of the law and incorrectly applies it and embarrasses the legal department or makes improper judgement. These types of managers are risky. It does not matter what the law reads alone. It also matters how it is applied and interpreted by the courts. Unless you have legal counsel defining interpretations, caution reliance and decisions from non-legal managers who can risk the company assets and more by violating the law.

Your state law may be applied differently than your federal law. Your organization (and union) may already be required to follow state legal requirements within a collective bargaining agreement. Sometimes business organizations and unions, by law, are required to meet issues like state discrimination laws, which can differ from federal law, and can govern many business activities, including hiring employees.

Failure to make realistic and good faith efforts to implement basic ethical standards corrupts other business dealings and practices. The lack of ethical standards means managers start assuming what is and what is not required by law because a culture of integrity and compliance is not properly invested.  If you do not work on measurable metrics, you organization ends up with poorly defined and executed standards that read differently to individual managers. Soon, policy enforcers will end up genuinely too overwhelmed to actively respond to issues.

Managers are also too often enabled to believe that experience is a safety net. Managers sign up for poorly chosen company L&D (learning and development)  programs that last a few lunch periods and over 10 or more years lose knowledge and gain very little necessary cross-functional skills, particularly with the changing landscape of legal compliance. Managers take lower level non-management employee training, focus on too many soft skills, or ignore weaknesses by only focusing on the company strength based celebration programs and career “find myself” training. The L&D situtational leadership program neglects managerial weakness in hard skills, including cross-functional abilities in legal compliance, focusing on style and the employee leaves thinking that his or her way will always be best based on the situation. They leave empowered by their sense of instinct and the safety net of their experience.

Any manager can be frustrated as their employees come back to their departments after attending L&D programming lacking compliance and ethical skills. The lack of budgeting and time to correct these issues causes strategy and risk management problems for organizations, just as employees seem more empowered to ignore their weaknesses in cross-functional compliance.

Getting managerial positions in the budget during economic troubles any way that it can happen also becomes a serious organizational risk and a cause of ethical and legal concern. Managers are not properly vetted in an effort to fill vacancy roles quickly. Classifications change to avoid prolonged background checking, particularly with financial jobs. Audits are not regularly conducted. Hiring freezes lead to issues of human resources attempting to hide position duties with vague job descriptions to skirt criminal or other background checking, hidden duties avoid higher paying or properly defined ADA and other legal classification requirements, and data is hidden by reclassifying data in ways that can violate many legal requirements or constitute fraud. Rightfully so, certain forms and activities of negligence and malfeasance can lead to insurance non-coverage of successful lawsuits and settlements. Consider performance metrics and audits from independent organizations to minimize organizational harm.

Before your organization declines in its culture and performance, realize how ethics and law connect and allow your organization to  remain competitive. Industry leaders are honored for following the law and driving innovative ethical standards, while failing businesses end up costing their investors and stakeholders millions or more and lose funding because they fail to articulate and execute their missions and values effectively.

Did we expect too much from our leaders or not enough? What role does personal responsibility play when it comes to hope and reality? We expected President Obama to fix all that was and is wrong with the country and the world. He was going to come in, turn around two wars, calm the middle east, fix a global economy which was spinning out of control, keep the housing market bubble from bursting and create 100,000 new jobs in emerging energy and technology. He had made many promises, bring the troops home, reform don’t ask don’t tell, turn around the ugliness of Guantanamo bay, fix the Freddy and Fannie fiasco and help cities and towns across the country which were struggling with natural and manmade disasters.

Not long after he was elected, less than half of Americans disagreed with him on how he was addressing issues. Republican congress announced it would be their sole mission to make him a one turn President. Grid lock was about to engulf a nation’s capital, high-jacked the Presidency and eliminate any chance of turning an economy and people around. Change is once again an illusion; the media branded a President, Chief Campaigner rather than President and Chief Governor. The great uniter became a symbol of division, strife and contention. A country which had so much promise and potential to live under national unity, focused on differences to the point where as a country we are more polarized than ever before.

A year from today, we are going to the polls to decide who the right person is to bring the country together. The list of Republican candidates does not invoke a feeling of unity, harmony and agreement. We have seen over the last four years what happens when conflict is more important than compromise. We have witnessed government and private sector leaders acting recklessly and irresponsibly with the lives of the less fortunate and vulnerable. What does it say about a civilization which allows young children and elderly to live below the poverty line?

As a decision nears on who can best lead us out of the abyss, we should ask ourselves what role does the individual play in shaping the direction of our country? What changes have we participated in to make the United States a better place to live, work and raise a family? America and our way of life hangs in the balance, we need to find it in our hearts and minds to see our similarities rather than our differences. Seek out small acts of kindness in ordinary daily activities. Don’t look for cataclysmic change; work with individuals and communities to find small goals, common purposes and vision which is so much more powerful. We have learned that we can no longer rely on government officials and the private sector alone to solve our public health and economic issues. It is our responsibility as a member of society to cast a vote. Before you do, rather than ask are you better off than you were four years ago? Let’s ask the question President John F. Kennedy once asked our nation on the steps of Capital Hill, “Ask not what your country can do for you, ask what you can do for your country.” Our future is depending on it.

• The expansion of Medicare to provide a pharmacy benefit under President Bush.
• The massive stimulus bill passed by Congress signed by President Obama.
• The cash for clunkers program
• A massive entitlement program in Health Care Reform.

The people of this country are upset because their financial security has been put in doubt, but there is still a great majority who are not voting. It’s a choice, and every citizen is entitled to this choice of selecting someone who can best represent their needs and interests.

It’s time to make that choice so cast your vote in the next presidential election.

Click here to watch the debates: http://www.2012presidentialelectionnews.com/

Create Jobs for USA, is a grass roots movement lead by business leader who believes that one way to create jobs is by providing small business loans.  American banks are absent; a huge void exists and this business man is stepping up to fill it. Rather than complain about the situation, Mr. Schultz is taking action.

Private Citizens are starting to see that they can make a difference in the lives of others. Starbucks is using its clout to make a difference in communities across the country.  Some believe it’s in the best interest of Starbucks to keep that $5 coffee cup selling.  Even if that is the incentive; it still makes sense, if the banks refuse to assist people and small business where does that leave our country? We need more Americans like Howard Schultz who actually believe it’s a moral and social responsibility to prevent homelessness, hunger, and despair.  As America loses its footing, one American business man sheds some light to help us find our way.

A generation of social entrepreneurs is creating a new movement in venture philanthropy. These are leaders who are creating economic and social opportunities to help millions of people, forging new territory with resources and micro-financing loans to individuals in developing countries. There are two schools of thought. One, earning enough to break even and give to the mission. The other belief is to earn as the market allows and keep giving back to the mission.

General Electric aligns core business with social good

One company which embodies the social entrepreneur movement is General Electric (GE.) It’s a story about a shift in corporate philanthropy.  It happened several years ago when a group of social employees, an association of black workers went to the CEO to ask what GE was doing to influence the treatment and eradication of HIV AID in Africa.  In the past, GE would have written a check. However, the CEO decided to involve GE directly in addressing the public health care void.  GE did field research across Africa and decided to seed an idea in one of the more stable countries, choosing Ghana.  GE is in the business of water purification systems, medical devices and generators to name a few.  GE working with national government and local municipalities built a clinic in an area serving 100,000 people with one midwife.  The agreement was that GE would build and supply equipment and infrastructure to the village and clinic. The government hires the doctors, nurses and supports the operations.   GE worked with the local community and taught individuals and businesses leaders to operate and support the clinic.

Within 9 months of GE employees raising the question, the clinic was fully operational.  The experience provides tremendous value to GE, the community they serve and the world of philanthropy.  GE, a leader in a new movement, may empower corporate charity to become corporate leaders in venture philanthropy. Inspired learn more.

What lesson can corporation political interest groups learn from the GE model?
GE’s mission is admirable, addressing real problems with immediate solutions to people in the poorest continent in the world.  Ironically, in the United States of American, we have 46.6 million people living below the poverty line.  Many are children who go to bed hungry each night. We are in the midst of one of the worst economic crises of our time.  Our Nation has never been more divided and the consequences are severe suffering; people are in the streets protesting their frustration at the lack of transparency and accountability in government, business, banking and Wall Street.  Large amounts of money sit in special interest, political action and lobbyist group accounts ready to pour into the 2012 election, while millions of Americans go to bed hungry each night.   We have, “ individuals with the deepest pockets and foundations with billions in assets — make donations of a different sort: building museums to house their art collections; underwriting new wings in hospitals or halls named for them at their alma maters; using their money and influence to sway public policy and influence political campaigns; or seeking to solve problems in distant lands rather than in their own backyards.” GE’s vision and leadership in corporate venture philanthropy demonstrates that collaboration between government and corporate giving can address basic human need. Corporations, wealthy foundations and non-profits, what can we do to solve hunger in our own back yards?  Inspired read more:

The consequence of a shift in corporate and individual giving is much like the American middle class, non-profits are being squeezed between the wealthy corporations and those organizations lead by successful entrepreneurs.  As we have discussed in previous blogs, a paradigm shift is occurring; a new approach to charitable giving.  Social media levels the global playing field.  People can search for projects that resonate with their core values.  They can research organizations from all over the world, identify one donate to and track its progress.   This next generation of philanthropists uses their wisdom and technology skills to collaborate with non-profits, government and NGOs to influence change around the world.  Read more. 

Automatic Giving
An example of a young social business entrepreneur, Bryce Anderson, Fan Page Automatic, Founder and CEO is working with Facebook to change the way Facebook users interact and react to charitable giving.  Non-profits and individual causes received good news this week from All Facebook blog when they reported that Facebook fans and pages can use Page Automatic which allows ‘drag-and-drop’ brand templates as well as videos to spread the world about their charities and organizations. The goal of Fan Page Automatic,” is to help both businesses and nonprofits to better understand and ultimately use the power and reach of Facebook to drive sales, donations, and overall awareness.”  In addition, the company is giving back by donating 10% of its profits to charities and non-profit organizations.  This group of business leaders uses innovative technology e-commerce tools, new approaches to entrepreneurship while trying to solve real day to day problems.  Read more. 

Online giving in Minnesota? You betcha!
This year on November 16 the state of Minnesota will hold their online ‘holiday of giving’ that kicks off the year end for non-profits across the state of Minnesota, the home state of Warren Buffet, ultimate philanthropist and business leader.   The idea of non-profit organizations coming together to collaborate rather than compete for same dollars is another significant shift in the philanthropy space.  A collaboration between two innovative foundations, transitioned their giving using social networking tools and a framework, “Give to the Max Day” which produced an outpouring of generosity in 2010; 42,695 people engaged in a day of online giving raising $10 million dollars for 3,636 non-profit organizations, which surpassed 2009 figures.  This model is spreading to other states and cities across the country.  Read More.

Cheers to Nevada Women’s Philanthropy (NWP)
Las Vegas, NV, one of the hardest hit housing markets in the country received good news on Wednesday when NWP granted $325,000 to the Salvation Army to refurbish their building so that they can continue to run a much needed homeless shelter. ““For years, SA has served our neediest populations in Las Vegas, the homeless or near homeless,” NWP president Susie Lee said. “NWP’s grant will be spent wisely and will have a lasting impact for Salvation Army and the people it serves.” When construction is complete it will increase capacity by 120 beds.   Read More.

Bank of America announced this Wednesday morning it is abandoning the proposed policy charging clients $5 each time they use their debt card.  As one young protester explained, how can a bank charge us for using our own money?  It’s difficult to garner any sympathy for an institution which was loaned 750 billion dollars and is slow to lend to individuals, small business and community projects.

Let’s also give credit to the #Occupy Movement in raising the consciousness of average Americans. The protesting, as much as it appear disorganized, helped influence and make change possible this turn around by BOA.  A new generation is taking their social, political and economic frustration to social networking and influencing the hearts and minds of individuals and large corporations.  Social media is forcing transparency, authenticity and accountability. Corporations and big banks can no longer make business deals without the scrutiny of those it impacts ; the Internet, the phenomenon of Wiki leaks and the social and political climate is forcing more disclosure. How can that be a bad thing?

In the neighborhood where she has championed this community center she became a victim of a senseless prank by the same kids she was trying to help. Marion with her young son drove to a East Harlem on Halloween to purchase candy for kids at the center.  While putting the candy in her car, two boys on top of a roof top pushed a shopping cart off which struck Marianne.  Her young son lay beside her crying for help.  She was rushed to Harlem hospital where she remains in critical condition.

Her philanthropic commitment has changed the lives of many people; however, these two troubled young boys are now being held at a juvenile detention center on criminal charges.  Marion’s husband in a Facebook post, stated that she will receive the best rehabilitation and are hopeful she will make a full recovery.  In an amazing statement of hope and forgiveness, Mr. Hedges wishes that the young men get the necessary help to become positive, productive members of society.

Our thoughts and prayers are with the Hedges family and the Harlem community in hopes that Marianne makes a full recovery from this pointless incident.  We hope lessons are learned and not lost on a neighborhood that needs more people like the Hedges to make a difference in the lives of others. Read more.

In the Fall (Nov. 1st- Dec 1st) we ask our readers to review and provide constructive comments on 3 to 5 summaries of sustainable business plans. The summaries are up to eight pages long. A list of the 2011-2012 entrants is at http://www.williamjamesfoundation.org/entrants. Readers are provided with scorecards, example comments that past entrants found useful, scoring and commentary guidance, the option to remain anonymous, and (after reading) the chance to see the comments of other judges who read the same plans you did. This should take an average of six hours over the month-long reading period.

In the Spring (Feb. 20th- March 19th) we ask our readers to review and comment on 1 to 2 full plans, which are up to 25 pages long. The same support is provided, along with the chance to participate in a conference call with the entrepreneurs.

If you are interested in being a reading judge
Fill out this form: https://wjf.wufoo.com/forms/william-james-foundation-reading-judge-application/

Social Networking Influences Philanthropy; Its a Click-Away
Americans continue to give during difficult financial times. The Internet and social media makes it much easier to connect with causes and organizations. Fidelity Charitable studied 502 American donors which reports that “Forty-two percent of respondents use online resources to find information about charitable organizations, citing Internet search engines (31 percent) and social media sites (20 percent) as their top online resources.  Of those using social media sites for charitable giving, nearly nine out of 10 (over 85 percent) cite promoting or communicating about causes they care about, or supporting the causes of friends and family as top activities. Forty-four percent report they use social media sites to make donations online.” Read more.

Canadian Corporations go beyond check-book philanthropy
In Calgary, a new generation of board members are changing the face corporate philanthropy.  They are a new  of young breed of executives who feel that empowered to influence corporate giving and include it as part of the core mission and social responsibility of the organization to give back to society. ”Companies are moving away from sprinkling pixie dust everywhere to targeting their corporate philanthropy to where it can have a bigger impact. Being a mile wide and an inch deep doesn’t work anymore.  ”It’s about aligning with society to help solve problems while ensuring it fits with the company’s core business and its operating philosophy.”  Many companies seek non-profit organizations which share their values. We have serious public health economic and social problems; we can’t rely on government to eradicate them all. Corporate leaders realize that to keep a society productive; it must make contributions which positively impacts the health and welfare of families and communities. Read more.

Individual Leadership Transforms Corporate Philanthropy
One company leader in Canada, Luella Chavez D’Angelo, President of the Western Union Foundation, the philanthropic arm of the Western Union Company, is our person of the week.  In 2000 she was tapped as Senior Vice President of Western Union Social Ventures. Her idea was simple; lead a corporation to stand for one important social cause. Take the time to select a focus which capitalizes on their strengths as a business and what is relevant to their customers and community. Her vision is an example of how companies can transform and make a difference in the health and welling being of a community.  She is a role model for individuals and corporations to take responsibility in making a difference in the world we live in. Read more.

It’s a one hour love fest. In one segment, a young women spins and stops on ‘this’ or ‘that’, Ellen explains, under ‘this’ could be a billion dollars or it could be a dollar or nothing.  Under ‘that’, it is something for you and everyone to bring home. The audience jumps to their feet with delight.  Ellen smiles turns to the contestant and says, this is their way to support you to do what’s right. The young woman chooses ‘that,’ the audience goes wild.  Ellen tears the panel away and under ‘that’ a billion dollars! Under ‘this’ a fancy brand new bicycle for everyone.  Ellen is modeling and teaching social responsibility and charitable acts of kindness.

On today’s show, Ellen announced an idea which could single handedly turn around the US Postal Service financial crises.  A new US postal stamp with Ellen in a sexy postal service mini skirt with white midriff shirt and blue hat and bag; she makes a good point, if a stamp is going up another 45 cents make it worth the purchase. Take it one step further, create a social media campaign which charities can also benefit and Ellen’s fans will come out in full force.

One, rich (no pun intended) in tradition, the core values of American capitalism, went a muck. Mr. Volcker proposes stiff financial reforms, “address capital requirements (make them tough and enforceable), derivatives (make the more transparent and standardized), and auditors (ensure that they are truly independent by rotating them periodically).” He focuses, rightly so, on the greatest structure challenge, the institutions which are perceived too big to fail. They must become smaller, limit their risk and impact, by “reducing their size, curtailing their interconnections or limiting their activities.” Another concern is money markets, many people view them the same as bank accounts, which are protected by federal insurance and they are not.  We also saw what happens when they are not subject to reserve and capital requirements, remember Lehman Brothers?

The most vulnerable is our housing market, which needs serious reform.  We are in no position to eliminate Freddie and Fanny, however, “it is important that planning proceed now on the assumption that government-sponsored enterprises will no longer be a part of the structure of the market.” Allowing the government to back private markets is deeply flawed.  He asserts that the government housing policy must be fixed and more transparent. “A public agency intervening in the mortgage market, do it more directly than hiding it in a quasi-private institution.”  Can we put Mark Zuckerberg on this task? If anyone can figure out how to make a group more transparent, it’s Facebook. Let’s figure out a way to provide social networking tools to the financial markets to track, monitor and report on exactly what’s going on.

The idea of helping those who are seeking the American dream is socially responsible, but bundling high risk mortgages and wrapping them into the financial markets through a federal institution is irresponsible. The result is many people are on edge, on the streets, occupying parks, stressed out, unable to pay their mortgages or find employment.  Mr. Volcker’s frank comments are desperately needed in a time when Washington is unreasonable, lacks collaboration, cooperation and civility. Will anyone listen?

We have a generation not only listening but demanding a new way corporations govern social responsibility. In some cases unreasonable is exactly what the world economy needs. In stark contrast to Mr. Volcker’s assessment of fixing and moving the economic system forward, a mission of another kind sits juxtaposed. The article, “ Unreasonable, Maybe, but It’s On a Mission.”  We have young entrepreneurs who believe that market-based solutions which help the social good also spurn new economic growth and create profits.  In Seligon’s article, she shares a story of one young man, Eric Epstein who founded the organization, “Unreasonable Institute” in Bolder Colorado.  He runs an academy over the summer for young start-ups who want to solve a social problem while earning profits. He facilitates an impressive camp which includes social venture capitalist listening, mentoring and investing.

We are in a global economic and social crisis. The focus of the institute is on designing concepts which provide shareholders and investors profit and the commercial value improves the way we live, work, communicate and play.  We certainly have business models: Apple (Iphone, Ipad), Amazon (e-commerce), Facebook (social networking) and Google (cloud computing, search) which have paved the way for the next generation of business people.  It’s a new breed of venture entrepreneurs who are leveraging Internet tools and changing the rules of the capital markets. They understand how to make profits while creating positive contributions in the world.

This digital cohort is blending communication, mobile technology with social networking and messages of non-violent, civil disobedience. Demonstrations from London’s financial district to Portugal, five-thousand protesters in Germany and over 300,000 in Spain, multi-generations marched to protest high unemployment rates, skyrocketing health care, gas and food costs.   In Italy, a demonstration turned violent.  Does civil disobedience, social and political unrest impact philanthropy? Most charitable giving is done locally.  The Occupy Wall Street movement is raising the level of social consciousness around important issues such as economic disparities, high unemployment and most importantly corporate greed.  This group is calling out the worst features of a broke economic system.

In 2011, the Congressional Research Services reports that “94,000 millionaires paid a lower share of their income taxes than 10.4 million taxpayers making less than 100,000 per year.   Voices of the Wall Street protest have reached American Main Street; a recent NBC poll reported that 54% of Americans favor the dissent. The Occupy Wall Street is changing the hearts and minds of Americans, 73% agree that the wealthiest (1%) should have their taxes raised.  One such billionaire and philanthropist who sympathizes with the protester is Jon. M. Huntsman, Senior, father of Republican Presidential candidate. In October 16, 2011, NYT the Sunday New York Times article he is quoted as saying, “the political system is broke and ethics have foundered.”

As a democracy we value the rights of individuals and their ability to prosper, earn a living, have a home, raise a family, and live in a safe community where kids can receive a good public education, able to walk home from school or the library.  The dream of economic and family stability eludes an entire generation. They are working to reclaim it using social media.  However, where does the responsibility lie in fixing the problem?  Whose job it is to lend a hand?

Capitalism values profits; the bottom line is paramount. “there is one and only one social responsibility of business–to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.”

The conflict comes with the idea that profit comes before or at the expense of doing good.  The social entrepreneur has a vision that doing well financially and solving overwhelming problems with valuable and meaningful solutions through services and products can generate profits and at the same time make a difference.

Dr. Wayne Visser, the director of CSR (Corporate Social Responsibility), International blog on CSR Wire, “questions the appropriateness and effectiveness of philanthropy in addressing the root causes of our biggest global challenges, which have more to do with the Achilles heel of Western capitalism itself, namely the environmentally unsustainable and socially inequitable growth and lifestyles that it spawns.” Communities are suffering, experiencing the decline of economic health, environmental and physical infrastructure and safety; government leaders continue to cow-tow to corporations’ interest, which put earnings before the public good. They continue to support the idea of a free market system without regulation. We have witnessed the results of corporate greed, de-regulation, sky rocketing earnings, big bonuses, bank failures and lack of public and environmental health and safety standards.

People in Japan continue to struggle to rebuild their lives after the March 2011Tsunami. The event destroyed neighborhoods and a power plant, but the handling of the crisis and lack of transparency in its management, obliterated trust in government’s ability to care for its people.  This has proven true in natural world-wide as well as human disasters; the oil rig explosion in the gulf coast, the lack of accountability and safety standards points to a systemic problem both in business and in government.

Our children are growing up in unsafe neighborhoods, going to schools that are in decay without decent support, teaching supplies and classroom space.  Our college graduates are unable to find jobs to pay off their student loans.  Parents are losing health insurance benefits and can barely make ends meet. Bills pile up; unemployment rates remain high.

The #Occupy Movement is resonating as an expression of a system that no longer works, for the 99%. Peoples’ consciousness is being raised by a generation who believe that their voice matters; they use technology, media, social networking platforms to organize, communicate, educate and collaborate on how to make a difference and change the perceived inequities which exist in a system that works for 1%.

Photo by sscreations (http://www.freedigitalphotos.net/images/view_photog.php?photogid=3038)

However, the middle school kids encountered a cross-section of the population; multi-generations and multicultural unemployed professionals, out of work laborers, students unable to go back to school because they can no longer pay for their education. Middle aged men and women, young college students, union organizers, parents, and grandparents, bound by a lack of social, economic and political inequality. They took the opportunity to raise the political and social consciousness of the next generation.

One protester explained, “You guys are the next generation of social media activists and we’re passing this all down to you sooner than you think.” A crowd gathered and one man stepped out to ask if the kids knew the word, ‘Kleptocracy’. The small faces in the big crowd shook their heads, no and leaned in for a vocabulary lesson. “ ‘Kleptocracy’ is a form of political and government corruption where the government exists to increase the personal wealth and political power of its officials and the ruling class at the expense of the wider population, often without pretense of honest service. This type of government corruption is often achieved by the embezzlement of state funds.”

In the shadow of Beacon Hill, which is still reeling from decades of federal corruption convictions, the group of middle school children stood in utter silence listening intently as each of the protesters talked about the work and importance of raising the next generation of activists. The political and economic system  is broke and not working for 99% of Americans.

The Occupy movement is social media and social consciousness conversing in action, live for the next generation to witness, participate in and ultimately change. Maybe more schools, teachers and parents need to bring kids to witness American history, a social movement that is inspiring and changing the world. The #Occupy Movement is challenging traditional values and culture, working to raise consciousness of the global inequalities that exist.

What fuels this powerful political activism? Social media is leveling the playing field and filling the play grounds with socially conscious individuals who are passionate about changing corruption, greed and apathy. This group is not lazy nor spoiled, many spend hours working on tactics and strategy, “ helping get information about donations, informing each group what the other is doing and which group needs volunteers.”

They are using Twitter to connect groups (18,000 followers) of people across the country and the world. They are connected to other national cities in New York, Phoenix, Chicago, Los Angeles, San Francisco learning about their techniques, plans and future Occupy Movement activities. They use Facebook to update, fundraise, organize, communicate and empower.

The other story that caught our attention and we discussed in a previous post is the power of $1 donations. A Boston restaurant group, Mullen, has teamed up with a group of restaurants to use social media for supporting East Africa famine relief has announced the ‘Good Belly Project.’ Visit a Good Belly participating restaurant: Abigail’s, Bambara, Bergamot, Bon Me Food Truck, Figs Beacon Hill, Figs Charlestown, Fillbelly’s, Hillstone, Isabelle’s CurlyCakes, Island Creek Oyster Bar, Kingfish Hall, KO Prime, Naked Pizza, Rialto, Sibling Rivalry and Stephi’s on Tremont,” with your smart phone, take a picture with the Instagram’ app, tag it with #goodbellyproject and the name of the restaurant. Watch the progress of the donation grow at www.goodbellyproject.org

What makes this such a powerful partnership is that everyone wins. Social media fuels the influence of giving by spreading the word for UNICEF.  East Africa famine relief, raises funds for a very worthy cause. The participating restaurants are attracting socially conscious customers which value having fun and giving back. It’s a win-win for everyone, fostering a community of cognizant people who are driven by acts of kindness and charitable giving.

References:

http://en.wikipedia.org/wiki/Kleptocracy

www.google.com/url?sa=X&q=http://www.salon.com/2011/10/18/occupy_the_playground/singleton/&ct=ga&cad=CAcQAxgAIAAoATAAOABAvZOW9QRIAVAAWABiBWVuLVVT&cd=NOrC2NI0XEA&usg=AFQjCNGNNct88hASkiNDu2g47hcYBuPw_g

http://www.bostonherald.com/jobfind/news/technology/view/2011_1018hub_occupiers_makemost_of_social_media/srvc=home&position=also

We are witnessing a social media revolution in action; groups of like-minded, passionate individuals spreading their message to audiences across social networking sites such as Facebook, Twitter, and YouTube.  They are leveraging the social enterprise which is open, visible, and free from oversight and geographic boundaries to raise the political, socio-economic consciousness of a global community.  They are disorganized, without a leader, no real demands, yet, they are using Twitter to galvanize, brainstorm and fundraise.  http://twitter.com/#!/ADRjeffries/statuses/121714478797701120

Nonprofits and organizations learn from Live Stream, use the web to get your point across. http://www.livestream.com/globalrevolution  Over 20, 000 people are catching the action while it is happening and going to the site to learn more about what is driving the Occupy Wall Street cause.  Web sites http://wearethe99percent.tumblr.com/   are sharing people’s expression of frustration, anger, disappointment and suffering, without jobs, little savings, unable to afford health insurance and not eligible for government subsidies.  These are the 99%.  The message resonates in all corners of our society. http://techpresident.com/blog-entry/dispatch-occupywallstreet-wired-%E2%80%94-and-wireless-%E2%80%94-protest

A new breed of philanthropist has emerged from successful technology entrepreneurs, those who have made their fortune in a relatively short period of time are applying lessons from their own success stories. They are focusing their charitable influence on “venture philanthropy”, employing similar business strategy, transparency, and accountability that made their business ventures so successful. They want to provide the same strategies, tools and analysis to the charitable organizations that they support.  Do high tech executives have different charitable giving habits than their elder counter parts?  The idea of venture philanthropy is not new, earlier philanthropist were results oriented and interested in accountability.

However, the real distinction is not in their motivation to give but their resolve to ensure that it is “market-conscious and knowledge-based.” These young, confident, thriving entrepreneurs are connected to and plugged into a philosophy where being at the pulse of those they serve is critical to the mission of their giving.  Technology provides immediate accessibility, collaboration, a meeting of minds to positively change living situations.  Sensitivity to the market place is a way of understanding need as it emerges and finding ideas, solutions and technology that can help meet the need which was previously impossible just a few years ago. This new generation of wealth appreciates ongoing, dynamic information, conversation and engagement which bring innovation and ideas to the table.

The characteristic of a venture philanthropist (VP) is different than traditional philanthropist (TP) in their approach to business and philanthropy. VP believes in the power of human capital, collaboration and team work to minimize human suffering.  They are insistent upon using the same philosophy and approach in philanthropy that made them rich in business. Successful technology start-up’s rely upon evidence based research, ‘due-diligence’. They are driven by a strong belief that using out of the box global strategy, and innovation, making sure to convene the best and brightest to team up on business objectives and leverage the success of collaboration is a stark contrast to traditional philanthropy management.

Another difference between VP and TP is their philosophy about wealth and giving. In many cases, though VP and TP tend to give to charitable organizations they relate to or identify with family, friends, co-workers, hobbies and interests.  Yet challenges exist for the young VP who is traveling, single and not well established in a community with a spouse  and children; they are less likely to be as involved in their local community organizations, school, participating in religious congregation or committed to civic or community causes.   The VP has technical, human and business capital to seek out the cause they want most to transform.  In many cases, they will single handily lead a team of social networking ‘volunteers’ and ‘fans’, find a problem that would require social and political resources and capital to change it and successful implement solutions to solve it.

What can traditional philanthropy institutions do to tap into this new trend in venture philanthropy? Listen to the social enterprise, go out and locate causes, brands and fans on FB, Twitter and Youtube, seek, engagement, transparency and accountability.  Find and inspire this new type of philanthropist.  They are transforming our global culture.

It was surprising to see in today’s Sunday, October 23, 2011, New York Times, Thomas. L. Friedman, view ‘One Country Two Revolutions,” about colliding business ideology. Mr. Friedman makes a good point and shows that in every dark cloud is a silver lining. The Wall Street decline is good for a new economy which takes people off Wall Street, back to engineering, creating start-ups, on the Internet, building social business using social media to connect, engage, and communicate, sell products and impact social change.

We are living in one country with two revolutions one on Wall Street; the other in Silicon Valley. A social revolution is spurning a new group of entrepreneurs; individuals using Internet, networking and mobile applications to build social business start-ups. Mr. Friedman also gives examples of small start up’s providing innovative services to individuals, communities and changing lives in the process.

The silver lining is not missed with Mr. Friedman’s assessment; however, the revolution on #Occupy Wall Street is falling on deaf ears; big banks continue to lobby hard against Dodd-Frank financial reform law, which would minimize risky behavior and the danger of another meltdown.  The two ideologies continue to collide in the virtual world and in physical spaces.

This week we were struck by, The Nonprofit Quarterly, article title, “The 18 Most Hated Companies in America and Their Philanthropy, ” Facebook made the top ten. It’s a relative new comer to the Fortune 500 list, but we wanted to know why a company which has made a fortune on social networking is not leveraging Facebook to influence the social and philanthropic space. The companies on the list lack “corporate social responsibility or philanthropic grant making through corporate foundations.” In other words, they make substantial profits but invest little in philanthropic endeavors or community interests. In a previous post we discuss $1.oo donations and how it helps families and communities. We know that even a little funding can go a long way, yet these corporate giants choose not to participate.

What makes Facebook such an unlikely suspect is that the founders come from a generation which typically use the Internet to make a profit while also giving back. The last thing you would expect from a company that built an infrastructure for social engagement and interaction not to leverage it for social good.

In 2007, after receiving $240 million from Microsoft in exchange for a 2% share in the company, Facebook, announced that they were, “putting tools into the hands of individuals to mobilize their friends and ultimately build social and political movements.” Facebook was allowing developers to build applications like, Causes, which has generated over 20,000 Facebook Charity pages allowing individuals, big brands and organizations to promote, share and fund raise for their charities (12,000 existing).

In March of 2010, Chris Hughes, co-founder of Facebook, announced a new venture, Juno, in collaboration with Good, creating,” a single community of like-minded people and mission-driven organizations.” The idea is to use technology in meaningful ways to help ordinary people in communities around the world. It boasts 3 million monthly users with the objective to connect people to organizations that share their values and similar causes.

In September of 2011, the Chronicle of Philanthropy, reported Facebook changes gave non-profits more opportunities to stand out on the fastest social networking site on the Internet. The changes to Facebook algorithms make non-profit giving easier with integration and fundraising tools like Causes. Facebook’s new ‘time-line’ feature and grouping activities with separate feeds will allow users to “promote to friends and others with terms like “watch,” “listen,” and eventually “donate” or “support”.”

We looked for information on Facebook, its approach and philosophy to philanthropy and social responsibility, but could not find one. What we did find were several Facebook pages engaged in grass roots efforts to make a difference in breast cancer research, education, politics, and health care. It’s interesting that Facebook has made a major contribution in the efforts to connect individuals, groups to collaborate, fundraise, organize and create overwhelming change both socially and politically. It’s unclear, however, the direction, Facebook as a corporation is going when it comes to social responsibility and corporate philanthropy.

Most Socially Responsible Companies in US 2010

http://www.bcccc.net/pdf/CSRIReport2010.pdf