Entrepreneurial philanthropy: How 100 businesswomen created a ...

By Julia Keady

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Whether it?s around a kitchen table or transacted online, giving circles are on the rise in Australia, enabling a greater level of connected and engaged philanthropy.

Also referred to as investment circles and impact groups, this vehicle of philanthropic giving is not to be snubbed. A survey in the United States from 2007 identified more than 400 circles, engaging more than 12,500 donors and charitable giving totaling $100 million (predominantly women donors and mostly founded by women).

Western Australia has just launched Australia?s first Impact100 giving circle (a highly successful model in the US), and they?re inviting 100 donors to donate $1000 to provide a $100,000 individual community grant.

Giving circles of various sizes and formalities, are emerging through book clubs, parent groups, families, workplaces as well as being instigated by charities to engage a new generation of donors. They provide a rich environment for donors to learn, connect with like-minded people and leverage pooled financial contributions.

One circle growing in prominence is First Seeds Fund, the philanthropic arm of Little Black Dress Group ? a 100-member networking group for professional executive and entrepreneurial women in NSW, VIC, ACT and QLD?.Please click here to read more.

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Source: http://lorimagazine.com/2012/08/13/entrepreneurial-philanthropy-how-100-businesswomen-created-a-giving-circle/?utm_source=rss&utm_medium=rss&utm_campaign=entrepreneurial-philanthropy-how-100-businesswomen-created-a-giving-circle

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