Helping members understand trends that will impact the field is an important role of any membership association. In that spirit, I have developed a list of seven predictions for Minnesota’s philanthropic sector.
I admit that some of these predictions are based on current trends and others are wishful thinking, but I believe the true purpose of futurism isn’t to predict the future but to help shape it by presenting ideas that unstick us from our current realities.
Let me know which ideas you agree with, which you disagree with and what else you would add to the list.
Shift to Collective Impact
As foundations become increasingly frustrated by the lack of movement on our communities’ most pressing problems, we will see them working across sectors to achieve large-scale social change. While this will mean many individual foundations putting their theories of change on the back burner for a more collective approach, the results will create a new incentive to be flexible.
Rise of the Funder Collaborative
As foundations take a more proactive approach to accomplishing their objectives, they increasingly rely on networks to spur the substantial human and financial resources required to move the needle on complex community issues. This encourages innovation, sharing of best practices and a more targeted approach to creating change.
Mission-related Investments Grow
More foundations start intentional conversations about the “other 95%,” the 95 percent of foundation assets not used for grantmaking and typically invested in the stock market. Questions about how to better leverage those dollars lead to foundations putting a growing portion of their assets into mission-related investments that seek to achieve specific social or environmental goals while targeting market-rate returns.
An effort to recognize foundations that incorporate a specific percentage of mission investments into their portfolios is developed and popularized.
GiveMN Gets an Upgrade
After 2013’s Give to the Max Day, which broke state records for online giving despite being fraught with technical glitches, GiveMN works with its website vendor Razoo to ensure site stability and reliability. In 2014, GiveMN reaffirms itself as the go-to place for online giving in Minnesota, and Give to the Max Day 2014 again breaks national fundraising records.
Solving Big Problems with Big Data
Realizing that the disjointed nature of foundation funding gives us only a small picture of what is happening in the nonprofit sector, more foundations pool their data and expertise to analyze nonprofit sector trends. Efforts such as Minnesota Compass and Generation Next are supercharged by foundations sharing proprietary information from grantee reports.
Minnesota Launches a Coalition of Communities of Color
Inspired by a summer 2013 meeting with leaders of a similar effort in Portland, Oregon, Minnesota’s minority-led nonprofits launch a united effort here. The coalition forms to address institutional racism and socioeconomic disparities, but the group gains momentum with their work addressing Minnesota’s persistent education disparities.
Planning for Disasters Before They Strike
As 100-year weather events and man-made disasters happen more frequently and become increasingly destructive, the current philanthropic strategy of convening funders to develop a plan after disaster hits becomes unworkable. Minnesota foundations team up with elected officials, first responders, the Red Cross, individual donors and nonprofits with deep roots in the community to develop a philanthropic response template that can be adjusted for each disaster.
- Trista Harris, MCF president