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	<title>News for Social Entrepreneurs &#187; Social Entrepreneurship</title>
	<atom:link href="http://www.socialexecutive.com/category/social-entrepreneurship/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.socialexecutive.com</link>
	<description>Social Entrepreneur blog for the world changers</description>
	<lastBuildDate>Tue, 07 Feb 2012 19:22:06 +0000</lastBuildDate>
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		<title>Picking Your Next Major Gifts Officer</title>
		<link>http://www.socialexecutive.com/2012/02/07/picking-your-next-major-gifts-officer/</link>
		<comments>http://www.socialexecutive.com/2012/02/07/picking-your-next-major-gifts-officer/#comments</comments>
		<pubDate>Tue, 07 Feb 2012 19:22:00 +0000</pubDate>
		<dc:creator>History</dc:creator>
				<category><![CDATA[hiring tips]]></category>
		<category><![CDATA[nonprofit jobs]]></category>
		<category><![CDATA[Social Entrepreneurship]]></category>

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		<description><![CDATA[Cross-Posted From Nonprofit Jobs

Earlier today, job seekers learned about the qualities they need to become a Major Gifts Officer.&#160; Now let's take a look at what types of people employers should look at when they are hiring one.

Let's face it: I...]]></description>
			<content:encoded><![CDATA[<em>Cross-Posted From <a href="http://nptjobs.blogspot.com/">Nonprofit Jobs</a></em><br />
<br />
Earlier today, job seekers learned about the qualities they need to become a <a href="http://nptjobs.blogspot.com/2012/02/so-you-want-to-be-major-gifts-officer.html">Major Gifts Officer</a>.&nbsp; Now let's take a look at what types of people <a href="http://careercenter.nptimes.com/employers/">employers</a> should look at when they are hiring one.<br />
<br />
Let's face it: If you don't hire the right person, all of your organization's fundraising efforts will be for naught.&nbsp; When picking a candidate to be your next Major Gifts Officer, the temptation will be to go for someone who already has a strong background in <a href="http://www.nonprofitjobseeker.com/careertips/fundraisingstaff.htm">fundraising</a>.&nbsp; That is definitely an important characteristic, but you will be well-served to go after individuals with more diverse backgrounds.<br />
<br />
At a recent Association for Healthcare Philanthropy (AHP) International Conference, Holly Duncan, president and CEO of the Morton Plant Mease Health Care Foundation in Clearwater, Fla., outlined the qualities she looks for in a Major Gifts Officer.&nbsp; Consider using her tips the next time you have an opening for this important position.<br />
<ul><li><strong>Techies: </strong>People who have a lot of experience with technology will be able to use this knowledge to better connect with major gift prospects.&nbsp; They might also have qualifications to research, schedule, communicate, and document gifts efficiently.</li>
<li><strong>Intellectual Capacity: </strong>You don't just want someone with traditional book smarts.&nbsp; Seek out a candidate who is a problem solver and can think quickly on their feet.</li>
<li><strong>Communication: </strong>A Major Gifts Officer will have to talk to many different people frequently.&nbsp; Therefore, it is essential that the individual can express themselves clearly.&nbsp; This includes both written and verbal communications.&nbsp; The ability to ask open-ended questions will be key to performing their tasks.</li>
<li><strong>Team Player: </strong>A lot of the work in this position is independent, but you still want someone who can work effectively with all different types of people.&nbsp; There needs to be transparency and an attempt to engage co-workers.&nbsp; Remember: No one owns a donor.</li>
</ul><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3290634869766288543-2878265040940788051?l=nptimes.blogspot.com' alt='' /></div><div class="feedflare">
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		<item>
		<title>Komen-Planned Parenthood Links</title>
		<link>http://www.socialexecutive.com/2012/02/07/komen-planned-parenthood-links/</link>
		<comments>http://www.socialexecutive.com/2012/02/07/komen-planned-parenthood-links/#comments</comments>
		<pubDate>Tue, 07 Feb 2012 16:27:00 +0000</pubDate>
		<dc:creator>History</dc:creator>
				<category><![CDATA[news]]></category>
		<category><![CDATA[Social Entrepreneurship]]></category>

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		<description><![CDATA[UPDATE: We have learned that Susan G. Komen For the Cure is reversing their decision on Planned Parenthood.&#160; Stay tuned for more details.

UPDATE 2: Added a link to our new story on Komen.

UPDATE 3: Karen Handel, Susan G. Komen's senior vice pres...]]></description>
			<content:encoded><![CDATA[<strong>UPDATE: </strong>We have learned that Susan G. Komen For the Cure is reversing their decision on Planned Parenthood.&nbsp; Stay tuned for more details.<br />
<br />
<strong>UPDATE 2: </strong>Added a link to our new story on Komen.<br />
<br />
<strong>UPDATE 3: </strong>Karen Handel, Susan G. Komen's senior vice president, has announced her resignation.&nbsp; Added link to NPT's developing story.<br />
<br />
<strong>****</strong><br />
<br />
<em>The NonProfit Times</em> has been working tirelessly to bring readers the latest news on the spat between Susan G. Komen For the Cure and Planned Parenthood.&nbsp; We recently published two articles on the story, one covering the <a href="http://www.thenonprofittimes.com/article/detail/politics-charged-in-plan-to-pull-planned-parenthood-funding-4370">initial news</a>, and another detailing the <a href="http://www.thenonprofittimes.com/article/detail/komen-planned-parenthood-profiting-from-fight-4371">fundraising</a> that has resulted from the controversy.<br />
<br />
Given the nature of this story, new news can break at any moment.&nbsp; Pay close to attention to our website to see if there is any new information on it, or <a href="http://www.thenonprofittimes.com/content/subscription-form">sign up</a> for our newsletters for additional information.&nbsp; In the mean time, we would like to direct readers to other articles on this developing story.&nbsp; So without any further ado, here are some recent articles on the Komen-Planned Parenthood controversy:<br />
<ul><li>"<a href="http://www.huffingtonpost.com/2012/02/02/susan-g-komen_n_1250651.html">Susan G. Komen Top Officials Resign As Backlash Gains Steam</a>:" <em>The Huffington Post</em></li>
<li>"<a href="http://www.superiortelegram.com/event/article/id/62662/group/News/">Supporters Rally Around Planned Parenthood</a>:" <em>The Superior Telegram</em></li>
<li>"<a href="http://www.latimes.com/health/la-he-komen-backlash-20120203,0,693195.story">Head Of Susan G. Komen Defends Decision On Planned Parenthood</a>:" <em>The Los Angeles Times</em></li>
<li>"<a href="http://www.thenonprofittimes.com/article/detail/komen-apologizes-reverses-decision-4372">Komen Apologizes, Reverses Decision</a>:" <em>The NonProfit Times</em></li>
<li>"<a href="http://www.thenonprofittimes.com/article/detail/komen-senior-vp-quits-4381">Komen Senior VP Quits</a>:" <em>The NonProfit Times</em></li>
</ul><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3290634869766288543-1853197663365911614?l=nptimes.blogspot.com' alt='' /></div><div class="feedflare">
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		<title>Getting Your Board To Fundraise</title>
		<link>http://www.socialexecutive.com/2012/02/07/getting-your-board-to-fundraise/</link>
		<comments>http://www.socialexecutive.com/2012/02/07/getting-your-board-to-fundraise/#comments</comments>
		<pubDate>Tue, 07 Feb 2012 15:55:00 +0000</pubDate>
		<dc:creator>History</dc:creator>
				<category><![CDATA[fundraising]]></category>
		<category><![CDATA[nonprofit boards]]></category>
		<category><![CDATA[Social Entrepreneurship]]></category>

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		<description><![CDATA[Getting nonprofit boards to fundraise is about as easy as pulling teeth.&#160; You're going to get a lot of resistance and, frankly, it's going to be painful.&#160; But there are some ways to make it a little bit easier.

One of the most common complai...]]></description>
			<content:encoded><![CDATA[Getting <a href="http://www.thenonprofittimes.com/managementtips/category/boards">nonprofit boards</a> to fundraise is about as easy as pulling teeth.&nbsp; You're going to get a lot of resistance and, frankly, it's going to be painful.&nbsp; But there are some ways to make it a little bit easier.<br />
<br />
One of the most common complaints from board members is that <a href="http://www.thenonprofittimes.com/marketplace/category/fundraising">fundraising</a> is not a part of their job description, so they shouldn't have to partake in it.&nbsp; The reality is that raising money is a huge part of a board's responsibility.&nbsp; If you're ready to start a board-bashing party, hold on just a second.&nbsp; Although it's easy to lay all the blame on the board itself, a lot of it should actually&nbsp;fall on&nbsp;the organizational culture.<br />
<br />
In "Nonprofit Management 101," Bob Zimmerman writes that a nonprofit should create an environment that encourages fundraising.&nbsp; He lists three examples of bad organizational culture:<br />
<ul><li>Nonprofits that don't let board members know that fundraising is one of their responsibilities;</li>
<li>Nonprofits that don't train the board in successful fundraising techniques; and,</li>
<li>Nonprofits that don't recruit new members that have experience with giving and fundraising</li>
</ul>If you are to get your nonprofit board on the right track, it is imperative that you make sure your organizational culture doesn't resemble the traits above.<br />
<br />
You can learn more fundraising tips like this by subscribing to <a href="http://www.thenonprofittimes.com/content/subscription-form">NPT Instant Fundraising</a>.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3290634869766288543-8066548209983295106?l=nptimes.blogspot.com' alt='' /></div><div class="feedflare">
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		<item>
		<title>It’s All Greek to Me</title>
		<link>http://www.socialexecutive.com/2012/02/06/it%e2%80%99s-all-greek-to-me/</link>
		<comments>http://www.socialexecutive.com/2012/02/06/it%e2%80%99s-all-greek-to-me/#comments</comments>
		<pubDate>Tue, 07 Feb 2012 02:12:57 +0000</pubDate>
		<dc:creator>Jason Dick</dc:creator>
				<category><![CDATA[Annual Fundraising]]></category>
		<category><![CDATA[Social Entrepreneurship]]></category>

		<guid isPermaLink="false">http://www.asmallchange.net/?p=1866</guid>
		<description><![CDATA[I recently joined a committee that funds social services projects in the city in which I live. At one of our meetings the committee was discussing setting our funding guidelines. I&#8217;ve been a part of the grant writing process for many years and have seen the result of some of the stranger and more involved [...]]]></description>
			<content:encoded><![CDATA[<p></p><p>I recently joined a committee that funds social services projects in the city in which I live. At one of our meetings the committee was discussing setting our funding guidelines. I&#8217;ve been a part of the grant writing process for many years and have seen the result of some of the stranger and more involved funding questions.</p>
<p>Maybe it was just my revenge on the funders but I realised quickly that funders and nonprofits do not always speak the same language. The intention behind a funding guideline does not always translate into the intended results. Here are a couple of examples that came to my mind. I&#8217;d love to hear from you if you have any other examples.</p>
<h3>Example #1 &#8211; Leverage</h3>
<p>In order to receive funding a nonprofit must use a funders gift to leverage additional financial support from other funders.<br />
<strong>Funder Intention:</strong> Their perspective on leverage is that it increases their giving power. They can say that with a gift of $500 it was turned into a gift of $1,500.<br />
<strong>Nonprofit Result:</strong> More partners does not always equal better results. Sometimes a project is best run independent and additional partners just add cost and red tape. Many nonprofits are seeking initial funding to get the project started. This also means that they have to have a process in place to track and report to a group of funders which can mean additional work and administration. More partners does not always equal better service.</p>
<h3>Example # 2 &#8211; Sustainable Funding</h3>
<p>This is the concept that a nonprofit must show that they have a plan for how the project will be funded after the initial contribution runs out.<br />
<strong>Funder Intention:</strong> The idea is that the funder is providing the start up funds for a program that the organization does not have the capacity yet to fund. They see themselves on the cutting edge of a new solution or kind of assistance.<br />
<strong>Nonprofit Result:</strong> A nonprofit will wait until they are a year away from putting this project in their annual budget. The result is that it is not a new idea but one they have been hoping to run for a while but have been forced to put off until the organization grows to meet a sustainable funding model. This can also commit a nonprofit to a project that turns out to not work as it was originally intended.</p>

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		<title>Nonprofit Bookkeeper Arrested</title>
		<link>http://www.socialexecutive.com/2012/02/06/nonprofit-bookkeeper-arrested/</link>
		<comments>http://www.socialexecutive.com/2012/02/06/nonprofit-bookkeeper-arrested/#comments</comments>
		<pubDate>Mon, 06 Feb 2012 19:38:00 +0000</pubDate>
		<dc:creator>History</dc:creator>
				<category><![CDATA[finance]]></category>
		<category><![CDATA[legal]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[Social Entrepreneurship]]></category>

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		<description><![CDATA[Theft has been a bit of an issue at some nonprofits recently.&#160; You can add another&#160;incident to the list after a bookkeeper organization was arrested for stealing thousands of dollars from a Houston, Tex.-based organization.

Dawn House, 31, w...]]></description>
			<content:encoded><![CDATA[Theft has been a bit of an issue at some nonprofits recently.&nbsp; You can add another&nbsp;incident to the list after a <a href="http://www.thenonprofittimes.com/article/detail/another-bookkeeper-another-arrest-4373">bookkeeper</a> organization was arrested for stealing thousands of dollars from a Houston, Tex.-based organization.<br />
<br />
Dawn House, 31, was arrested and charged for allegedly stealing more than $200,000&nbsp;in checks&nbsp;to the Houston chapter of <a href="http://www.mashouston.org/">The Muslim American Society</a>.&nbsp; She&nbsp;surrendered to&nbsp;authorities&nbsp;without incident at her home in the Houston suburb of Hallettsville.&nbsp; According to police, House deposited the&nbsp;money into her personal bank account.&nbsp; She was released from&nbsp;jail after posting the $20,000 bond and now awaits trial.<br />
<br />
Theft has been a real problem for nonprofits in recent months.&nbsp; A former&nbsp;finance director of the Girl Scouts of America's Greater New York&nbsp;affiliate&nbsp;<a href="http://www.thenonprofittimes.com/article/detail/former-girl-scouts-finance-exec-pleads-guilty-4326">pleaded guilty</a> to stealing more than $300,000 over two years.&nbsp; She spent the money on various personal expenses such as&nbsp;jewelry and food.&nbsp; In addition, a volunteer at California-based Empty Cradle was accused of <a href="http://nptimes.blogspot.com/2012/01/nonprofit-volunteer-accused-of.html">embezzling</a> $25,000.&nbsp; The volunteer maintains her innocence and made her first court appearance on Jan. 21.<br />
<br />
You can read more about this story, which appeared in the most recent edition of <a href="http://www.thenonprofittimes.com/content/subscription-form">NPT Weekly</a>, on our <a href="http://www.thenonprofittimes.com/article/detail/another-bookkeeper-another-arrest-4373">website</a>.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3290634869766288543-1912918306471714224?l=nptimes.blogspot.com' alt='' /></div><div class="feedflare">
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		<title>Featured Nonprofit Job: Vice President For Business Development</title>
		<link>http://www.socialexecutive.com/2012/02/06/featured-nonprofit-job-vice-president-for-business-development/</link>
		<comments>http://www.socialexecutive.com/2012/02/06/featured-nonprofit-job-vice-president-for-business-development/#comments</comments>
		<pubDate>Mon, 06 Feb 2012 17:20:00 +0000</pubDate>
		<dc:creator>History</dc:creator>
				<category><![CDATA[featured jobs]]></category>
		<category><![CDATA[nonprofit jobs]]></category>
		<category><![CDATA[Social Entrepreneurship]]></category>

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		<description><![CDATA[Cross-Posted from Nonprofit Jobs

****

We have a lot of prestigious nonprofit organizations that post their jobs to our career center.&#160; You can now add IREX to that list.

IREX is an international nonprofit organization that provides thought lead...]]></description>
			<content:encoded><![CDATA[<em>Cross-Posted from <a href="http://nptjobs.blogspot.com/">Nonprofit Jobs</a></em><br />
<br />
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We have a lot of prestigious nonprofit organizations that post their jobs to our <a href="http://www.nonprofitjobseeker.com/">career center</a>.&nbsp; You can now add IREX to that list.<br />
<br />
<a href="http://www.irex.org/">IREX</a> is an international nonprofit organization that provides thought leadership and innovative programs to promote positive change globally.&nbsp; The organization is currently seeking an individual to be its new <a href="http://careercenter.nptimes.com/jobs#/detail/4657448">Vice President for business development</a>.&nbsp; This position reports to the President and is a great opportunity for anybody looking for a high level job in development.<br />
<br />
So what does this position entail?&nbsp; The VP for business development will be responsible for a number of different important tasks:<br />
<ul><li>Develop and implement an annual strategic plan for public and private new business development.</li>
<li>Leverage internal and external data to lead the process of priority-setting and strategic decision-making.</li>
<li>Build a professional and trusting relationship with key IREX clients.&nbsp; This kind of networking is crucial to advance the goals of the organization.</li>
<li>Tap strategic high-level contacts to gather business intelligence, identify partnering opportunities, and strengthen international recruitment.</li>
<li>•Personally reach down and across the organization to gather information that would support marketing and facilitate strategic conversations (e.g., about client systems, regions, countries, and programs). </li>
<li>Provide guidance and set expectations for field staff support in the new business development process.</li>
</ul>Here are qualifications for the position:<br />
<ul><li>15+ years of progressive leadership experience in new business development for an international development organization.</li>
<li>Significant personal contacts globally within USAID, State Department, and other USG agencies.&nbsp; Non-USG and private sector sources are also a plus.</li>
<li>Excellent leadership skills in the areas of communication, decision making, facilitation, supervision, and planning.</li>
<li>International development experience in one or more of the following technical areas preferred: basic education, civil society strengthening, media development, youth development, conflict resolution, and gender.</li>
</ul>Apply for this job today at the <a href="http://careercenter.nptimes.com/jobs#/detail/4657448">Nonprofit Job Seeker</a>.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3290634869766288543-6425874332595934389?l=nptimes.blogspot.com' alt='' /></div><div class="feedflare">
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		<title>E-Newsletter Design Tips</title>
		<link>http://www.socialexecutive.com/2012/02/06/e-newsletter-design-tips/</link>
		<comments>http://www.socialexecutive.com/2012/02/06/e-newsletter-design-tips/#comments</comments>
		<pubDate>Mon, 06 Feb 2012 16:35:00 +0000</pubDate>
		<dc:creator>History</dc:creator>
				<category><![CDATA[communications]]></category>
		<category><![CDATA[newsletters]]></category>
		<category><![CDATA[Social Entrepreneurship]]></category>
		<category><![CDATA[Technology]]></category>

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		<description><![CDATA[Nonprofits are always looking for new ways to enhance communications&#160;with its supporters.&#160; Creating an e-newsletter&#160;is a great way to accomplish this goal, but is your design up to snuff?

Most, if not all, nonprofits have weekly or mont...]]></description>
			<content:encoded><![CDATA[Nonprofits are always looking for new ways to enhance <a href="http://www.thenonprofittimes.com/article/category/communications">communications</a>&nbsp;with its supporters.&nbsp; Creating an e-newsletter&nbsp;is a great way to accomplish this goal, but is your design up to snuff?<br />
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Most, if not all, nonprofits have weekly or monthly <a href="http://www.thenonprofittimes.com/content/subscription-form">e-newsletters</a> that&nbsp;are sent to its followers.&nbsp; These will often contain the latest news about the organization, special offers, and other unique items.&nbsp; But you can't just throw a bunch of code together and expect your newsletter to be a smashing success.&nbsp; It all comes down to this: Design matters.<br />
<br />
When designing your nonprofit's newsletter, make sure&nbsp;the web team keeps the following information in mind:<br />
<ul><li>Decide which e-mail clients are a priority.&nbsp; According to <a href="http://www.campaignmonitor.com/stats/email-clients/">CampaignMonitor</a>, Microsoft Outlook was one of the most popular clients as of June 2011.&nbsp; Gmail, Yahoo! Mail, and Apple Mail were also near the top of the list.</li>
<li>Use tables for your layout, not cascading style sheets (CSS).&nbsp; There are a lot of e-mail clients that are not able to read CSS.</li>
<li>Since you won't be relying on CSS, your team can use the old-school style of formatting: Putting tags for color, font, decoration, margins, etc., directly on links, paragraphs and images.&nbsp; You can put styles into the header, but leave them out of the e-mail body.</li>
<li>Avoid using Javascript, Flash, video, or anything a 1999 web browser couldn't handle.&nbsp; The message here: Code like it's 1999.</li>
</ul><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3290634869766288543-2398760667493140448?l=nptimes.blogspot.com' alt='' /></div><div class="feedflare">
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		<title>Nonprofit Helps Megaupload Users</title>
		<link>http://www.socialexecutive.com/2012/02/03/nonprofit-helps-megaupload-users/</link>
		<comments>http://www.socialexecutive.com/2012/02/03/nonprofit-helps-megaupload-users/#comments</comments>
		<pubDate>Fri, 03 Feb 2012 15:48:00 +0000</pubDate>
		<dc:creator>History</dc:creator>
				<category><![CDATA[legal]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[Social Entrepreneurship]]></category>
		<category><![CDATA[Technology]]></category>

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		<description><![CDATA[Users of the file-sharing site Megaupload feared their data could be in danger when U.S. prosecutors shut the site down last month.&#160; But thanks to one nonprofit, users will be able to safely retrieve their files.

The San Francisco Chronicle repor...]]></description>
			<content:encoded><![CDATA[Users of the file-sharing site Megaupload feared their data could be in danger when U.S. prosecutors shut the site down last month.&nbsp; But thanks to one nonprofit, users will be able to safely retrieve their files.<br />
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<em><a href="http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2012/02/01/international/i081918S20.DTL">The San Francisco Chronicle</a></em> reported yesterday that the San Francisco, Ca.-based&nbsp;<a href="https://www.eff.org/">Electronic Frontier Foundation</a>&nbsp;(EFF), a nonprofit technology foundation dedicated to defending peoples' digital rights,&nbsp;announced that it was teaming up with Carpathia Hosting, a <a href="http://www.thenonprofittimes.com/marketplace/category/database-management">data-storage</a> provider, to create a <a href="http://www.megaretrieval.com/">new website</a> that will allow Megaupload users to get their data.<br />
<br />
Megaupload was shut down last month when&nbsp;seven men were&nbsp;arrested (including three Megaupload executives).&nbsp; Prosecutors charged the men with racketeering, and claimed the file-sharing website facilitated millions of illegal downloads of movies, music, and other content.&nbsp; The&nbsp;arrests were made at a&nbsp;$30 million mansion in Auckland, New Zealand.&nbsp; Carpathia and another storage company were to begin deleting content yesterday before&nbsp;EFF's eleventh hour intervention.<br />
<br />
You can read more about the story in <em><a href="http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2012/02/01/international/i081918S20.DTL">The San Francisco Chronicle</a></em>.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3290634869766288543-13433142460177847?l=nptimes.blogspot.com' alt='' /></div><div class="feedflare">
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		<title>The Kickoff: Three Startups Born from the NFL</title>
		<link>http://www.socialexecutive.com/2012/02/03/the-kickoff-three-startups-born-from-the-nfl/</link>
		<comments>http://www.socialexecutive.com/2012/02/03/the-kickoff-three-startups-born-from-the-nfl/#comments</comments>
		<pubDate>Fri, 03 Feb 2012 12:00:00 +0000</pubDate>
		<dc:creator>Entrepreneur: Startup</dc:creator>
				<category><![CDATA[Social Entrepreneurship]]></category>

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		<description><![CDATA[After the Super Bowl and the end of the season, some football stars learn business skills and start their own companies.
       
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			<content:encoded><![CDATA[After the Super Bowl and the end of the season, some football stars learn business skills and start their own companies.<div class="feedflare">
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		<title>How Will Facebook&#8217;s IPO Affect Charities?</title>
		<link>http://www.socialexecutive.com/2012/02/02/how-will-facebooks-ipo-affect-charities/</link>
		<comments>http://www.socialexecutive.com/2012/02/02/how-will-facebooks-ipo-affect-charities/#comments</comments>
		<pubDate>Thu, 02 Feb 2012 20:43:00 +0000</pubDate>
		<dc:creator>History</dc:creator>
				<category><![CDATA[facebook]]></category>
		<category><![CDATA[IPO]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[Social Entrepreneurship]]></category>
		<category><![CDATA[social networks]]></category>

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		<description><![CDATA[The social networking behemoth Facebook filed papers yesterday to raise $5 billion in its initial public offering (IPO) of stock.&#160; This is good news for Facebook employees and their investors, but what does it mean for charities?&#160; It depends ...]]></description>
			<content:encoded><![CDATA[The social networking behemoth Facebook filed papers yesterday to raise $5 billion in its initial public offering (IPO) of stock.&nbsp; This is good news for <a href="http://www.facebook.com/thenonprofittimes">Facebook</a> employees and their investors, but what does it mean for charities?&nbsp; It depends on who you ask.<br />
<br />
<a href="http://usnews.msnbc.msn.com/_news/2012/01/31/10281431-the-facebook-effect-will-charities-reap-some-of-the-ipo-dough">MSNBC</a> ran a piece on this subject yesterday, and it suggested that this new influx of wealth to Facebook employees could mean big bucks for nonprofits.&nbsp; Why?&nbsp; Facebook has provided their employees with stock incentives over the years, and they will be able to use these to cash in on the <a href="http://www.thenonprofittimes.com/article/detail/convio-pulls-ipo-2191">IPO</a>.&nbsp; Experts like Rob Mitchell of Atlas of Giving told MSNBC that when individuals' personal wealth increases, it makes them more likely to want to start a philanthropic legacy.<br />
<br />
<a href="http://www.thenonprofittimes.com/article/detail/learning-the-triple-p-2400">Patrick Rooney</a>,&nbsp;executive director&nbsp;of The Center on Philanthropy at Indiana University, agreed with Mitchell, citing studies that show entrepreneurs are about twice as generous than people who inherit their wealth.<br />
<br />
All of this doesn't guarantee that these new millionaires will start donating to charity.&nbsp; In fact, there are some who don't think Facebook employees are all that likely to start being philanthropic, at least not immediately.&nbsp; Robert Frank, a writer for <em>The Wall Street Journal</em>, told MSNBC that he thinks they are much too young to think about starting their philanthropic efforts.&nbsp; He argues that they are still in the "accumulation phase" of their lives, and want to focus on changing the world through their company, not their philanthropy.<br />
<br />
Charities <em>will&nbsp;</em>ultimately&nbsp;see a lot of money come in as as result of Facebook's IPO.&nbsp; It's just a question of how soon.&nbsp; You can read the full story&nbsp;on <a href="http://usnews.msnbc.msn.com/_news/2012/01/31/10281431-the-facebook-effect-will-charities-reap-some-of-the-ipo-dough">MSNBC</a>.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3290634869766288543-3397387827577237730?l=nptimes.blogspot.com' alt='' /></div><div class="feedflare">
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