The Center for High Impact Philanthropy (CHIP), in partnership with the Bill & Melinda Gates Foundation, is developing actionable guidance to help U.S. based ultra-high-net-worth donors understand how to identify and organize the talent they need to achieve their philanthropic goals. There is likely to be more wealth transferred to philanthropy during the first half of this century than in the entire 20th century (Roumani, Brest, & Vagelos, 2015). Although donors may have very different philanthropic goals, it is unlikely they will be able to deploy philanthropic funds – at any scale – without some help. How well those philanthropic funds are spent will depend on the people responsible for making and implementing philanthropic decisions. In other words, the potential social impact of those funds will depend on the talent involved in deploying those funds. This creates an expected demand for talent which is why understanding talent needs – and the strengths and limitations of different talent choices – matters. Our guidance will include the functions that need to be covered, the work that needs to be done, the particular mindsets, capabilities, and networks that individuals need to possess in order to perform these philanthropic functions well, and illustrative case examples.
Contact Neha Desai Butala, Social Impact Fellow, at firstname.lastname@example.org to learn more.