Wealth of Wisdom Ellen Remmer - What Is the Difference Between Charity, Philanthropy, Strategic Philanthropy, and Impact Investing?
Jan 30, 2019
Ellen Remmer, a senior partner at The Philanthropic Initiative and president of the Remmer Family Foundation, shares her extensive experience in philanthropy. She discusses the journey of giving, emphasizing that it's about experimentation and learning from successes and failures. Ellen differentiates between charity, strategic philanthropy, and impact investing, advocating for families to focus on shared values over individual passions. She also highlights the importance of redefining success metrics and using advocacy and community organizing as powerful philanthropic tools.
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Philanthropy Is A Learning Journey
- Philanthropy is a journey that requires humility and willingness to learn and unlearn.
- Ellen Remmer says families should pause, plan, and accept that goals and identities will change over time.
Stop Hunting For A Single Passion
- Don't hunt endlessly for a single personal passion before giving; focus on interests and values instead.
- Build what you want to do together as a family and let individual connections find their place.
Mix Simple Giving With Strategy
- Give yourself permission to mix simple community giving with more strategic efforts.
- Categorize your giving and add impact investing or strategic grants only as you gain capacity.
