Podcasts about fidelity charitable

In this episode of the First Day Podcast, host Bill Stanczykiewicz, Ed.D., speaks with Elaine Martyn, Senior Vice President, Private Donor Group, of Fidelity Charitable, to explore the role of donor-advised funds (DAFs) in modern philanthropy. Fidelity Charitable, the largest recipient of charitable donations in the United States, administers DAFs as a tool for strategic giving. Elaine explains how DAFs operate as “charitable investment accounts,” allowing donors to contribute assets, receive immediate tax benefits, and distribute grants to nonprofits over time, fostering a thoughtful and impactful approach to philanthropy. A key topic in the discussion is the flexibility and accessibility of DAFs. Elaine highlights Fidelity's efforts to democratize philanthropy by setting the entry point to open a DAF at zero dollars, with grants starting at just $50. This model appeals to a wide range of donors—from first-generation wealth earners to established philanthropists. Donors use DAFs to align their giving with personal values, support causes like education and healthcare, and involve their families in creating a legacy of generosity. On average, Fidelity Charitable donors give 23% of their DAF assets annually, surpassing the minimum 5% distribution required of private foundations. Elaine addresses common criticisms of DAFs, such as concerns that they act as "parking lots" for funds. She counters with data showing that DAFs disburse a higher proportion of funds than private foundations and often prioritize multi-year and unrestricted funding—key priorities for nonprofits. The conversation also touches on how nonprofits can engage DAF donors effectively by fostering relationships and providing clear avenues for giving, such as highlighting DAF options on their websites and offering electronic fund transfer systems for seamless transactions. The episode concludes with practical advice for fundraisers on leveraging DAFs to benefit their organizations. Elaine emphasizes the importance of building donor relationships over focusing on DAF host organizations like Fidelity. She encourages nonprofits to educate themselves about DAFs and consider them as a growing segment of philanthropic giving. Listeners are invited to explore resources from The Fundraising School, including courses and webinars, to deepen their understanding of DAFs and other fundraising strategies. Watch the episode here: https://youtu.be/3AThjP0X57M

In this episode, Ed and James are joined by Charitable Giving expert, Parissa Zargar, a Charitable Planning Consultant & Digital Regional Director for Fidelity Charitable®. Ed, James, and Parissa discuss the benefits of using a Donor Advised Fund (DAF) for charitable giving purposes, and some common strategies that these funds are often used for. Parissa explains what a DAF is along with the pros & cons, common strategies, and when a Donor Advised Fund makes sense for you. You will learn how to take advantage of additional benefits when it comes to Charitable Giving and how you can use these strategies to put yourself in a better position going forward.

In this episode, Ed and James are joined by Charitable Giving expert, Parissa Zargar, a Charitable Planning Consultant & Digital Regional Director for Fidelity Charitable®. Ed, James, and Parissa discuss the benefits of using a Donor Advised Fund (DAF) for charitable giving purposes, and some common strategies that these funds are often used for. Parissa explains what a DAF is along with the pros & cons, common strategies, and when a Donor Advised Fund makes sense for you. You will learn how to take advantage of additional benefits when it comes to Charitable Giving and how you can use these strategies to put yourself in a better position going forward.   Fidelity Charitable® Website: https://www.fidelitycharitable.org/ Fidelity Charitable® Phone Number: (800) 262-6039 Edge's Website: www.edgfa.com Ed's Food for Thought: https://www.entreekitchen.com/

Nonprofit organizations are constantly seeking ways to engage younger generations in their causes. Melissa Watkins from the Pacific Autism Center for Education joins this episode to unpack strategies to attract and retain Gen Z and millennial donors through innovative digital marketing and communication techniques. This episode is essential for nonprofit leaders and marketing professionals looking to secure the future of their organizations by tapping into the digital fluency and civic-mindedness of younger donors. About the guest Melissa Watkins has over ten years of experience in marketing and over five years of experience in nonprofit development and leadership. She currently heads the marketing and development department at the Pacific Autism Center for Education, a nonprofit organization based in Santa Clara, CA, that provides a range of vital services for autistic children and adults. As a dual marketing and development leader, Melissa brings her expertise to drive impactful initiatives at PACE. Melissa holds a degree in Sociology from the University of California, Davis and is currently working toward her Certified Fund Raising Executive (CFRE) certification. She enjoys serving on the Board of Directors for two Bay Area-based nonprofits, running half marathons, and chasing after her 18-month-old twin daughters. Resources Benevity: https://benevity.com/Association of Fundraising Professionals: https://afpglobal.org/Fidelity Charitable: https://www.fidelitycharitable.org/Blackbaud: https://www.blackbaud.ca/Unleashing the Power of Gratitude Using Handwritten Thank You Notes with David Wachs of Handwrytten: https://brooks.digital/health-nonprofit-digital-marketing/unleashing-the-power-of-gratitude/ Contact Melissa Website: https://www.pacificautism.org/LinkedIn: https://www.linkedin.com/in/watkinsmelissa/

After her family's victory lap of paying off debts and diving into investments, they looked into DAFs for some smart, tax-savvy giving. Dr. Disha breaks down the hows and whys of DAFs, showing us how to make our charitable dollars do some heavy lifting while still snagging those tax breaks. Top 5 Key Show Highlights  Financial Milestones and Philanthropy [00:01:00-00:02:00] Dr. Disha shares her personal journey of paying off $208,000 in student loans and growing her investments, which led her to explore more meaningful ways to give back, highlighting the seamless connection between personal financial health and philanthropic goals. Tax Optimization with DAFs [00:04:00-00:05:00] DAFs allow for strategic tax planning, enabling donors to make large contributions in a single year—potentially offsetting higher income years—while distributing funds to charities over time. This method can optimize tax deductions under current tax laws. Investment Growth within DAFs [00:03:00-00:04:00] Contributions to DAFs can be invested and grow tax-free, increasing the potential impact of the initial donation. This feature allows donors to amplify their charitable giving without additional out-of-pocket expenses. Simplicity and Flexibility [00:07:00-00:08:00]Dr. Disha emphasizes the ease and flexibility of using DAFs, which streamline the donation process by consolidating tax receipts and allowing donors to plan their charitable giving without the hassle of managing multiple transactions and paperwork. Comparing DAF Providers [00:12:00-00:17:00] The episode provides a detailed comparison of different DAF providers, such as Vanguard Charitable, Fidelity Charitable, and newer entrants like DAFI. Dr. Disha discusses various factors like minimum contributions, fee structures, and investment options, helping listeners choose the best provider to suit their charitable and financial strategies. —---

In the philanthropic landscape, the influence of corporate match programs cannot be overstated. With approximately 81% of Americans making charitable donations and 26 million individuals employed by companies offering match programs, there is significant potential for fundraisers to tap into this resource. Want to reach younger donors? The average age of an American employee is 38, and 70% say they want to work for a company that has purpose. These potential donors not only represent strength in numbers but also possess the ability to nearly double their contributions through company match programs. Establishing relationships with local companies becomes crucial for fundraisers, as it opens avenues for ongoing support, volunteer engagement, and a wider network of community backers. The key lies in fostering meaningful connections with these donors, encouraging continuous support aligned with their passions, and increasing their involvement with the nonprofit. This podcast episode aims to explore five essential engagement tactics for nonprofits looking to build lasting relationships with current and potential donors who have access to corporate match programs.My guest is Matt Nash. Based in North Carolina, Matt Nash previously served as the senior vice president of marketing and donor experience for Fidelity Charitable. He's now executive director of The Blackbaud Giving Fund, the charitable arm of Blackbaud, the cloud computing provider that serves nonprofits, foundations, schools and other social change organizations. The Blackbaud Giving Fund has safely disbursed over $1.6 billion from generous donors to over 195,000 nonprofits around the globe and offers resources to nonprofits to support their fundraising goals.About Matt NashMatt Nash is the executive director of The Blackbaud Giving Fund, leading the organization's mission to unleash generosity by connecting people to causes they care about around the world. An experienced executive with a focus on customer relationships, he previously served as the executive director of the Generosity Commission Working Group, and as senior vice president of marketing and donor experience at Fidelity Charitable. An expert in donor-advised funds and philanthropy, Matt is an advocate for local public education and received a Bachelor of Mechanical Engineering and an MBA from the University of Minnesota.Connect with Nash on LinkedInFollow Blackbaud in:LinkedInFacebookInstagramTake my free masterclass: 3 Must-Have Elements of Social Media Content that Converts

Guest post by Ian Scarffe is a serial entrepreneur, investor, key opinion leader and Blockchain consultant with business experience from around the world. The Power of Web3 for Social Impact: How Blockchain is Transforming Philanthropy and Humanitarian Aid Introduction In today's world, people have become increasingly concerned about the welfare of humanity and social impact. Conveniently, the introduction of Web3 has significantly transformed technology, and philanthropy and humanitarian aid are not excluded. Web3, the next iteration of the internet, has emerged as a distributed and decentralized network of interconnected devices. It has paved the way for new possibilities in social impact through blockchain technology, which enables transparency, accountability, and immutability in charitable giving. In this article, we will explore how Web3 transforms philanthropy and humanitarian aid, the benefits of blockchain technology for charitable giving, and the challenges and ethical considerations associated with using Web3 for social impact. Blockchain's impact on Philanthropy How Web3 is Changing Philanthropy and Humanitarian Aid Web3 has revolutionized the way people engage with philanthropy and humanitarian aid. It enables donors to bypass traditional intermediaries, such as governments and non-profits, and directly impacts the lives of people in need. Web3 has also opened up new possibilities for charitable giving by creating a decentralized and transparent platform that facilitates peer-to-peer donations. According to a report by the United Nations Development Programme, blockchain technology can "increase transparency and accountability, and thus reduce corruption, while enabling quick and efficient disbursement of funds" in humanitarian aid. This is a gamechanger, although it has not been utilized to half its potential, web3 can completely eradicate corruption in philanthropy. Another survey, conducted by Fidelity Charitable found that 75% of millennial and Gen Z donors expressed interest in donating cryptocurrency to charity. These are some of the few possibilities that could come from using the blockchain for humanitarian aid. The Benefits of Web3 for Charitable Giving There are many benefits that could come with the use of web3 for humanitarian aid. Some of these are mentioned below: Increased transparency in charitable giving Elimination of intermediaries and middlemen, resulting in faster and more efficient donations Reduced risk of fraud and corruption in aid systems Smart contracts that ensure donations are used for their intended purpose Ability for donors to track their contributions and ensure they reach their intended recipients Creation of a decentralized and transparent platform that facilitates peer-to-peer donations Immutable ledger that provides complete transparency and accountability in donations Increased trust between donors and aid organizations Ability for donors to have a more direct impact on the lives of people in need The most significant benefit of using Web3 for charitable giving is transparency. Blockchain technology enables the creation of immutable ledgers that provide donors with complete transparency and accountability in their donations. This means that donors can track their contributions and ensure that they reach their intended recipients. Furthermore, blockchain technology eliminates the need for intermediaries, ensuring that donations reach their intended recipients quickly and efficiently. Creating Transparency and Accountability with Blockchain Blockchain technology provides transparency and accountability in philanthropy and humanitarian aid. The technology gives donors the ability to track their donations and ensure that they reach their intended recipients. The immutable ledger created by blockchain technology ensures that all transactions record permanently and cannot alter or delete. This means that donors can have complete confidence in their contributions and the impact th...

The Associated Press reports on the increasing importance of GivingTuesday for nonprofits, especially amid concerns of declining donations. GivingTuesday, which began as a hashtag in 2012, has grown into a significant fundraising event where many nonprofits leverage matching campaigns to maximize donations. The end of the year traditionally sees a surge in charitable giving. The AP notes that organizations like Fidelity Charitable are optimistic about end-of-year donations, contrasting with the National Council of Nonprofits' concerns over falling support and a general decline in the number of Americans donating. Whole Whale, the publisher of this newsletter, predicts approximately $3.45 Billion in predicted donation revenue for nonprofits this Giving Tuesday, based on an analysis of historical trends and movements in search volume. In addition to traditional fundraising vehicles, observers are acutely paying attention to trends in alternate forms of giving, especially crypto donations, like those fueled by platforms such as Whole Whale partner The Giving Block.   Warren Buffett donates $870 million to charities ahead of Thanksgiving | CNN Billionaire Warren Buffett has donated approximately $870 million in Berkshire Hathaway shares to four family-run foundations, continuing his annual philanthropic tradition. The donation, echoing last year's gesture, is part of his long-standing commitment against dynastic wealth and in support of societal benefits through capitalism. Despite being 93, Buffett remains at the helm of his company, which is thriving with robust earnings and a record cash reserve.     Who Are the New OpenAI Board Members and What's Changed? Tech.co OpenAI recently underwent significant changes in its board composition following a tumultuous period marked by the firing and subsequent rehiring of CEO Sam Altman. This upheaval led to the dismissal of three board members: Ilya Sutskever, Tasha McCauley, and Helen Toner, with the latter two being the only women on the board. Their departure was a consequence of a failed board coup against Altman. In their place, Bret Taylor and Larry Summers have been appointed​​. This shift represents a notable change in the board's gender diversity and reflects the broader dynamics at play within the company and its controlling interests.     One Love Foundation: Major donor sues citing founder's opposition to minority, LGBTQ outreach The Baltimore Banner A major donor is suing the One Love Foundation, claiming that the Baltimore-based nonprofit, which has educated 2 million young people about relationship violence, has breached an agreement and is in “disarray” due to the actions of one of its founders. The lawsuit asserts that Sharon Love, who created One Love after her daughter, University of Virginia senior Yeardley Love, was killed by an ex-boyfriend in 2010, fought against One Love's “outreach to LGBTQ and minority communities” and threatened to fire board members who disagreed with her, prompting nearly all board members and the organization's CEO to resign earlier this year.      

The Associated Press reports on the increasing importance of GivingTuesday for nonprofits, especially amid concerns of declining donations. GivingTuesday, which began as a hashtag in 2012, has grown into a significant fundraising event where many nonprofits leverage matching campaigns to maximize donations. The end of the year traditionally sees a surge in charitable giving. The AP notes that organizations like Fidelity Charitable are optimistic about end-of-year donations, contrasting with the National Council of Nonprofits' concerns over falling support and a general decline in the number of Americans donating. Whole Whale, the publisher of this newsletter, predicts approximately $3.45 Billion in predicted donation revenue for nonprofits this Giving Tuesday, based on an analysis of historical trends and movements in search volume. In addition to traditional fundraising vehicles, observers are acutely paying attention to trends in alternate forms of giving, especially crypto donations, like those fueled by platforms such as Whole Whale partner The Giving Block.   Warren Buffett donates $870 million to charities ahead of Thanksgiving | CNN Billionaire Warren Buffett has donated approximately $870 million in Berkshire Hathaway shares to four family-run foundations, continuing his annual philanthropic tradition. The donation, echoing last year's gesture, is part of his long-standing commitment against dynastic wealth and in support of societal benefits through capitalism. Despite being 93, Buffett remains at the helm of his company, which is thriving with robust earnings and a record cash reserve.     Who Are the New OpenAI Board Members and What's Changed? Tech.co OpenAI recently underwent significant changes in its board composition following a tumultuous period marked by the firing and subsequent rehiring of CEO Sam Altman. This upheaval led to the dismissal of three board members: Ilya Sutskever, Tasha McCauley, and Helen Toner, with the latter two being the only women on the board. Their departure was a consequence of a failed board coup against Altman. In their place, Bret Taylor and Larry Summers have been appointed​​. This shift represents a notable change in the board's gender diversity and reflects the broader dynamics at play within the company and its controlling interests.     One Love Foundation: Major donor sues citing founder's opposition to minority, LGBTQ outreach The Baltimore Banner A major donor is suing the One Love Foundation, claiming that the Baltimore-based nonprofit, which has educated 2 million young people about relationship violence, has breached an agreement and is in “disarray” due to the actions of one of its founders. The lawsuit asserts that Sharon Love, who created One Love after her daughter, University of Virginia senior Yeardley Love, was killed by an ex-boyfriend in 2010, fought against One Love's “outreach to LGBTQ and minority communities” and threatened to fire board members who disagreed with her, prompting nearly all board members and the organization's CEO to resign earlier this year.      

The Federal Reserve's aggressive rate-hiking campaign appears all but over, but doubt is starting to creep in as we await another key inflation report. Our Fidelity Professionals are breaking down all the latest economic headlines. Plus, we're entering the season of giving. A Vice President of Corporate and Executive Giving for Fidelity Charitable explains what “Fidelity Charitable” is and why donating stock, instead of cash can be a win-win strategy. Read the full transcript. View the slides Watch the video replay. © 2023 FMR LLC. All rights reserved

Helen Flannery joins us to offer her perspective on donor-advised funds (DAFs) and her desire for the need for reforms to ensure the charitable sector's vitality and impact. For example, she discovered that of the top 20 charities in the United States, 11 of the top twenty are DAFs. She wants you to know that most people don't realize that the top charities in the United States are DAFs. For example, Fidelity Charitable takes in 4 times the contributions as the largest working charity. Helen wants people to know just how big DAFs are becoming and what that means for our charitable institutions. Episode Highlights:The rise of Donor Advised FundsThe ins and outs of Donor Advised FundsThe top considerations when understanding the pros and cons of Donor Advised FundsProposals to reform Donor Advised Fund structure and payouts Helen Flannery Bio:Helen Flannery directs research for the Charity Reform Initiative at the Institute for Policy Studies. Helen's research focuses on the relationship between philanthropy and inequality, including the policies and practices surrounding charitable mega-giving, private foundations, and donor-advised funds.Prior to her current employment, Helen provided nonprofits with reporting, analytics, and industry benchmarking services through her work at Target Analytics and ROI Solutions. At those organizations, she also wrote extensively on charitable sector fundraising topics such as direct marketing, sustainer giving, and the economic factors affecting donor behavior.Links:The Charity Reform Initiative: https://inequality.org/ Charity reform recommendations: https://inequality.org/action/charity-reform-initiative/IPS's full slate of charity reform proposals: https://inequality.org/wp-content/uploads/2023/08/IPS-Policy-Recommendations-for-Charitable-Reform.pdfHelen Flannery's blog post about the top 20 charities: https://inequality.org/great-divide/top-public-charities/The California and Michigan studies on DAFs:California: https://oag.ca.gov/system/files/media/donor-advised-funds-overview.pdfMichigan: https://michiganfoundations.org/resources/payout-studyIf you enjoyed this episode, listen to these as well:https://www.doyourgood.com/blog/151-The-Ins-and-Outs-of-Donor-Advised-Funds-with-Andrea-Rushhttps://www.doyourgood.com/blog/150-pooled-funds-that-protects-sharkshttps://www.doyourgood.com/blog/148-Sybil-Speak-The-Ins-and-Outs-of-Donor-Advised-Funds-and-Pooled%20Funds Crack the Code: Sybil's Successful Guide to Philanthropy Become even better at what you do as Sybil teaches you the strategies as well as the tools you'll need to avoid mistakes and make a career out of philanthropy.Sybil offers resources that include special free short video mini-courses, templates, and key checklists, and words of advice summarized in easy-to-view PDFs. Check out Sybil's website with all the latest opportunities to learn from Sybil athttps://www.doyourgood.com Connect with Do Your Good https://www.facebook.com/doyourgood https://www.instagram.com/doyourgood Would you like to talk with Sybil directly? Send in your inquiries through her website https://www.doyourgood.com/ or you can email her directly at sybil@doyourgood.com!

Helen Flannery joins us to offer her perspective on donor-advised funds (DAFs) and her desire for the need for reforms to ensure the charitable sector's vitality and impact. For example, she discovered that of the top 20 charities in the United States, 11 of the top twenty are DAFs. She wants you to know that most people don't realize that the top charities in the United States are DAFs. For example, Fidelity Charitable takes in 4 times the contributions as the largest working charity. Helen wants people to know just how big DAFs are becoming and what that means for our charitable institutions.{You can hear the full episode on Monday, October 30th}

In this episode, we visit with Brandon O'Neill, Vice President at Fidelity Charitable. We discuss the mechanics of donor-advised funds, what assets are optimal for gifting, and various giving strategies that optimize your tax and estate plan. For more information and show notes, visit: https://bwmplanning.com/episode62Connect With Us:Facebook - https://www.facebook.com/BrownleeWealthManagement/?ref=py_cLinkedin - https://www.linkedin.com/company/brownlee-wealth-management/

In this episode of the First Day Podcast, host Bill Stanczykiewicz, Ed.D. is joined by experts Danielle Vance-McMullen, Ph.D. and Dan Heist, Ph.D. as they look into the world of Donor Advised Funds (DAFs). They explore the fundamentals of DAFs, offering a comprehensive guide for fundraisers looking to tap into this unique giving vehicle. Discover what a Donor Advised Fund truly is and how it functions as a charitable checking account hosted by organizations like Community Foundations or Fidelity Charitable. Learn how donors can contribute, receive immediate tax deductions, and make strategic gifts to nonprofits over time. Explore the diverse landscape of DAF donors, debunking the myth that they are exclusively ultra-wealthy individuals. Find out how to engage with DAF donors, recognize them among your existing supporters, and cultivate meaningful relationships. Unlock the nuances of acknowledgment and stewardship when receiving DAF gifts. Understand the importance of thanking DAF donors and the unique considerations around tax implications. This podcast equips fundraisers with actionable strategies for navigating the world of Donor Advised Funds, ensuring they maximize their fundraising potential. Whether you're a nonprofit professional or a curious donor, this episode provides valuable insights into the evolving philanthropic landscape.

Andrew Hewitt is a board member of Pachamama Alliance. In conversation with Matthew Monahan. Watch this episode on video: https://youtu.be/UAGyfIhaQi0 Watch a preview: https://youtu.be/dLApl35iLZs Pachamama Alliance: https://pachamama.org Andrew's LinkedIn: https://www.linkedin.com/in/andrewdhewitt/ THE REGENERATION WILL BE FUNDED Ma Earth Website: https://maearth.com YouTube: https://www.youtube.com/@maearthmedia Community Discord: https://maearth.com/community Podcast Feed: https://feed.podbean.com/theregeneration/feed.xml EPISODE RESOURCES Gamechangers: https://gamechangers.co Awakening the Dreamer: https://landing.pachamama.org/awakening-the-dreamer-2-hour-online-course Silicon Valley Community Foundation: https://www.siliconvalleycf.org/ Fidelity Charitable: https://www.fidelitycharitable.org RSF Social Finance: https://rsfsocialfinance.org The Gift Trust: https://thegifttrust.org.nz Impact Assets: https://impactassets.org/ Endaoment: https://endaoment.org/ Change.org: https://www.change.org/ Daffy: https://www.daffy.org/ Enneagram: https://en.wikipedia.org/wiki/Enneagram_of_Personality 5 Personality Patterns book: https://www.amazon.com/Personality-Patterns-Understanding-Developing-Emotional/dp/B08T42G1S7/ref=sr_1_1 RELATED SEASON 1 INTERVIEWS Lynne Twist (Pachamama Alliance): https://youtu.be/p3yb1jJ48cI This interview took place during a Web3 hui in New Zealand in 2023. SOCIAL Farcaster: https://warpcast.com/maearth X / Twitter: https://twitter.com/maearthmedia Lenstube: https://lenstube.xyz/channel/maearth.lens Instagram: https://www.instagram.com/maearthmedia/ Mirror: https://mirror.xyz/maearth.eth LinkedIn: https://www.linkedin.com/company/maearth/ Lenster: https://lenster.xyz/u/maearth Facebook: https://www.facebook.com/maearthcommunity TikTok: https://www.tiktok.com/@maearthmedia

As president of Fidelity Charitable®, Pamela Norley was a leading voice in advocating for the power of American philanthropy across the world. Fidelity Charitable, the leading U.S. grantmaker, has granted more than $51 billion to more than 325,000 nonprofit organizations since 1991,1 advancing the philanthropic intentions of nearly a quarter of a million donors at all income levels. In 2020, Fidelity Charitable donors recommended $9.1 billion in grants to local, national and global causes. During Ms. Norley's tenure, Fidelity Charitable's annual grantmaking more than doubled, supporting the organization's mission to make charitable giving accessible, simple and effective. Ms. Norley is a frequent speaker on the topics of philanthropic trends and leadership. Today she also serves on three non profit boars and the Fidelity Institutional Assett Management Board.  Prior to leading Fidelity Charitable, Ms. Norley held a number of executive leadership roles at Fidelity Investments®, including head of Enterprise Relationships and Talent Groups, where she managed Fidelity's top institutional client relationships and led the talent management and recruiting organizations, and leading the Fidelity Consulting Group, where she oversaw strategy and consulting support to all Fidelity businesses, including its global private equity and venture capital units. Prior to that, she played a key role in launching Fidelity's Corporate Business Development Group, supporting mergers, acquisitions and strategic alliances. Ms. Norley joined Fidelity in the Corporate Legal department in 1996 after working in the legal department of Bank of America, and held a series of roles leading business compliance and health care product management and sales for Fidelity's outsourcing businesses. Outside of the office, Ms. Norley volunteers her time as Vice-Chair of the Board of Directors for Points of Light, the largest global volunteer organization established by President George H.W. Bush, and is a Trustee of the College Foundation Board at the University of Virginia. She also serves on the boards of the U.S. Impact Investing Alliance, Research Triangle Park Foundation and the Flying Kites School Network. She formerly served on the Executive Women's Council for the Dana-Farber Institute; United Way's Women's Initiative; University of Virginia's Board of Benefactors; Boston Ballet's Board of Directors; the Advisory Board of the Greater Boston Food Bank; the Board of Visitors of Temple University School of Law; and Wall Street Journal's Taskforce for Women in the Economy. Don't forget to check out my book that inspired this podcast series, The Caring Economy: How to Win With Corporate Social Responsibility (CSR). Want to listen to more? Find it all on TikTok and YouTube.

201: Key Fundraising Trends Nonprofit Leaders Need to Know (Matt Nash)SUMMARYAs a nonprofit leader, are you aware of the unique motivations many Donor Advise Fund (DAF) givers share? Do you target stewardship efforts to this group of individuals specifically? In episode #201 of Your Path to Nonprofit Leadership, Matt Nash, who has been on the cutting edge of recent key fundraising trends in the philanthropic sector shares his extensive knowledge about the rise of this donor group. Learn more about the psychology and intent behind these donors and how best to steward them. Matt discusses top trends such as strategy, digital platforms, relationships, and the rise of crypto that are affecting fundraising in 2023 and how nonprofit leaders should address each.  ABOUT MATTMatthew Nash is the Executive Director of the Blackbaud Giving Fund, leading the organization's mission to unleash generosity by connecting people to causes they care about around the world. An experienced executive with a focus on customer relationships, he previously served as the Executive Director of the Generosity Commission Working Group, where he continues to volunteer, focusing on implementing a research agenda aimed at more deeply understanding generosity in America. Previously, he was Senior Vice President of Marketing and Donor Experience at Fidelity Charitable, one of the largest grant-makers in the United States, where he studied donor behavior and worked to make giving accessible, simple, and effective. An expert in donor-advised funds and philanthropy, Matt is an advocate for local public education, having served as a foundation president funding innovative educational programs and on the board of advisors for District C, a nonprofit that brings students together across schools to solve real problems of local businesses. He received a Bachelor of Mechanical Engineering and an MBA from the University of Minnesota.EPISODE TOPICS & RESOURCESThe Good Boss: 9 Ways Every Manager Can Support Women at Work by Kate Eberle WalkerLearn more about Matt and The Blackbaud Giving Fund hereWant to read Matt's full list of Fundraising Trends you need to know?Take our Podcast Survey and let us know what you want to hear!Check out Patton's new book Your Path to Nonprofit Leadership: Seven Keys to Advancing Your Career in the Philanthropic Sector

Brandon O'Neill shares some great insight on personally impacting your community, involving the next Generation, and making the most of your generosity.-Brandon's passion is to make charitable giving a part of the financial planning process for more individuals. He is the Charitable Planning Consultant at Fidelity Charitable and serves as a resource to advisors in Texas, Arkansas, Louisiana, New Mexico, Kansas and Oklahoma who seek to deepen client engagement and grow their practice by building charitable giving strategies into their clients' overall financial and wealth management plans. This includes working with advisors and their clients to strengthen their understanding of the different charitable vehicles, such as donor-advised funds, which can help donors be more strategic in charitable giving and make more of an impact. Fidelity Charitable is an independent public charity and the largest sponsor of donor-advised funds in America. Our mission is to grow the American tradition of philanthropy by providing programs that make giving accessible, simple, and effective. Since 1991, Fidelity Charitable has worked with over 200,000 donors and their advisors to grant $61 Billion to more than 357,000 non-profit organizations across the United States.-Learn more about Silicon Hills Wealth Management here. Silicon Hills Wealth Management is a financial planning and wealth management firm based in Austin, Texas. We provide exceptionally personalized financial planning services, specially designed to impact people's lives for the better at every level, for a world truly invested.-Follow us on socials and thank you for your continued support!d58de69a1688a1195e8b5ec96b3a5cedb8704c29 Hosted on Acast. See acast.com/privacy for more information.

Crypto investors have seen their fair share of sudden market meltdowns this year. This week, all eyes were on FTX, formerly one of the world's largest cryptocurrency derivative exchange platforms.This latest turmoil has sent shockwaves throughout the industry. Yet historically, cryptocurrencies have rebounded following each crisis. What doesn't wipe out the blockchain becomes a hard lesson for crypto ventures, turning them into fortified iterations of themselves.For Brett Royer, CFO of Fidelity Digital Assets, the recent unraveling of FTX underscored hard lessons that are not unique to crypto. An expert in high-level financial planning, Brett says those lessons point to fundamental business principles that have long existed.In this episode of The Modern CFO, Brett talks with host Andrew Seski about decentralized finance, the role of trust within the increasingly digital world of finance, how he thinks about risk, and more.Show Links Explore crypto careers at Fidelity! Browse Open Positions Check out Fidelity Digital Assets Connect with Brett Royer on LinkedIn Check out Nth Round Connect with Andrew Seski on LinkedIn TranscriptPlease note that the transcript is AI-generated and may contain errors. The content in the podcast is not intended as investment advice, and is meant for informational and entertainment purposes only.‍[00:00:00] Andrew Seski: Hello everyone and welcome back to The Modern CFO Podcast. As always, I'm your host, Andrew Seski. I'm thrilled for the episode today because we are joined by Brett Royer, who's head of finance at Fidelity Digital Assets. Brett, thank you so much for being here today. [00:00:19] Brett Royer: Andrew, thank you for having me. [00:00:21] Andrew Seski: So, we're going to dive right in. The world of crypto and the world of digital assets has evolved in a unique way, down to literally the hour, especially this week. So, I want to kick off not just on the current event side, but we're going to have plenty of time to go through those current events, I want to start today actually with your career and then kind of the history of Fidelity Digital Assets, which I know spans back farther than most institutional groups had even considered labs themselves. So, we'd love to kick off with maybe some of your educational background, sort of the rise to this position, and then we'll segue in and out of how Fidelity Digital Assets is positioned today and what you're thinking about today. So, we have a lot to cover. [00:01:08] Brett Royer: Yeah, sure. Great. So, I'll start with a little bit of career history. Prior to business school, I'd say one of my more substantial roles was working in the Merrill Lynch Private Banking and Investment Group. So, there I was working with a former Chicago Board of Trade trader who had sold a business, a trading business, for a substantial sum, thought he was going to retire and ride off into the sunset. I spent some time doing some personal things and then realized that he got bored. And so, went back into business as a wealth manager and he ran his own proprietary trading strategy for a lot of the clients that he served. And so, I joined his team as sort of a mini fund analyst of sorts that supported the portfolio analysis and trading decisions behind the proprietary strategy that he used on behalf of his clients. And so, that was a really great experience. I think there, I kind of developed my first set of background and skills in capital markets, gained a pretty good understanding of how the markets work, traded in some illiquid securities and got a sense for what that was like. And had a pretty interest, I was there at a relatively interesting time. [00:02:33] So, I was probably in my second or third year, I can't remember exactly which, when things started to go wrong in Wall Street in financial services, right? So, the history is Lehman goes bankrupt and then Bear Stearns comes about as close as you can get to bankruptcy. And then I remember distinctly going into the weekend, Merrill Lynch was next up as a potential firm that was looking at having liquidity challenges and potentially could go under. And I'm sitting there as a junior analyst and just sort of watching this from an interested perspective, but also from the perspective of like, my job was on the line. But at that point in time, I didn't have as much to lose. Obviously pretty early in my career. But nonetheless, I think it was a strenuous time for everybody. And I distinctly remember sort of being glued to the TV all weekend just waiting to see what would happen. And then, sure enough, Bank of America, acquires Merrill Lynch on Sunday and I was really lucky to have a team that supported me, and I was able to maintain my role throughout then. But learned a lot of hard lessons around what bear markets feel like and look like. And I think that's in part educated some of what I've seen and felt in crypto markets as well. And I think just giving me a little bit of perspective on not getting too lost in the moment, either up or down, right, and having an understanding that these things tend to be cyclical, right? And there are going to be ups and downs and you don't want to get too over indexed on either side of the equation while you're in the moment, which is really hard.[00:04:08] But from there, I decided I didn't want to be a financial advisor. I think that would've been the next move if I stayed there. And that group worked with $10 billion clients and above. And so particularly difficult prospecting or particularly difficult segment to prospect in a serious way if you're a 25-year-old. So decided anyway that I wanted to be on more of an analytical track and more of a CFO track anyway, so made sense to go back to business school and sort of pivot. And so, I went to the University of North Carolina, got my MBA there. And around that time, Fidelity had just started recruiting at the University of North Carolina for a financial leadership rotational program. And I'm from Massachusetts originally, so familiar with Fidelity. Really wanted the chance to get back to the Northeast and so jumped at the opportunity to join a program that is tagging itself as developing the next future CFOs of Fidelity business units. [00:05:05] So did that. And the idea is you get broad exposure to the firm in relatively short order, right? You do six-month rotations in four different parts of the firm. And then you graduate, and you come out and Fidelity really has a sort of continuous career rotational program aspect to it, even after you're out of that traditional rotational program as well. So after I graduated, I spent the majority of my time, five years or so, in a role in our Fidelity institutional business. So, it's a really interesting business for Fidelity. They provide custody for registered investment advisors and then clearing for correspondent broker-dealers as well. And I worked on the broker-dealer side of the business. And up until 2008 or so, Fidelity was the clearing provider for a couple of large firms, JPMorgan and Bank of America. And around that time, they lost both in a year as a result of JP Morgan buying Bear Stearns and then Merrill, Bank of America buying Merrill Lynch. And so, both had self-clearing capabilities that sort of made them take away the need for a clearing provider like Fidelity. So, I don't know what percentage of the business those two represented. But needless to say, they were pretty considerable at that point in time. And I think there were a lot of hard discussions around whether the business could even survive. But kudos to the leadership at the time. They continued to invest in that business and grew it back even larger than it was prior to having those two big clearing firms. [00:06:45] And so I had an interesting experience there. Went through an acquisition of a smaller clearing firm. So, JP Morgan Clearing exited the business and we sort of did a non-typical acquisition, which was a purchase of the client book versus the purchase of the actual business itself. And then went through the process of trying to renegotiate those deals anyway and how that impacts sort of the valuation of that deal was challenging and unique. So really great experience there. And then also experiencing sort of waves of regulation. Around the time that I was in that group, we had DOL was coming in with a new set of rules that were really going to force a convergence of sort of the advisory model and bring together sort of the broker-dealer and RIA models under something that looked more like across the board fiduciary standard. And that was just a massive change for anybody who was running a broker-dealer business at the time. So a ton of strategic discussions and preparations for what the impact of that could be. And then, sure enough, we changed administrations and all that goes away anyway. So this is the nature of different administrations is you've got ebbs and flows in terms of regulatory tightness and ethos around what's important. And you got to adjust to those over time and find ways to still meet client demands.[00:08:15] Andrew Seski: Just a quick comment before we continue on to your segmentation and move into the Digital Assets arm. And another, there's some really interesting projects that were incubated there, too. But before we hop in there, do you think that there was an aspect of your personal risk aversion or how you think about risk? With your first foray into the world of finance being the global recession, not just the global recession but one that had a lot of dominoes stacked that people are still studying today. The over securitization, how we think about collateral, how you think about personal risk. You think that guided some of your career? I know that you moved kind of away from being a financial advisor just because it's a challenging role to go, like you mentioned, go prospect those types of potential clients as a 25-year-old. So, I mean, it sounds like that was a big piece of it. But how do you think that shaped how you thought about your career and risk in the world of finance? [00:09:17] Brett Royer: Yeah, I mean, it certainly had a big impact looking back, right? I think what brought down some of those large financial services institutions were risk management practices that were not fully up to par or sort of interconnectedness of exposure across the financial ecosystem that wasn't fully understood. And I think there are a lot of corollaries to be drawn to some of the things that have happened in the crypto market now, right? I think there are lessons that traditional capital markets and financial services have learned the hard way over time. Not to say that it's ever fully solved, right, even though the broker-dealer and capital markets business have been around for a long time, but we were still learning hard lessons all the way through 2008, right? [00:10:08] But I think the interesting thing from the perspective of the crypto ecosystem is just the acceleration of that learning curve of the hard lessons that have been learned, right? I think there's a lot of similar stories that you could draw parallels to that have happened in the past and financial services around under-collateralized loans and contagion effect from exposure cascading across multiple counterparties and people not really understanding the true risk profile of the firms that they're interacting with. I think those are all things that are not unique to crypto. I think they're fundamental business principles that have existed and caused problems for financial services for a long time. I just think that what we've seen unfold is just a really accelerated learning curve again for crypto, which has been hard because it's happened all at once and it's been painful. And that's how these things tend to work. But I would hope that in the backside, right, that we get some better business practices. Perhaps we get some more comprehensive regulation that looks at this in a thoughtful way from a consumer protection perspective but also from the perspective of not stifling innovation and not putting the US in a position where we're behind other countries in terms of having the ability to use crypto in ways that can benefit consumers over time. So that's the balance.[00:11:42] But I think one of the things that strikes me as pretty clear from this, there have been lots of folks in the crypto industry who I think are hesitant to have any sort of regulation come into play. And I think the thought is we can figure it out on our own or these things can be handled via the blockchain or there's lots of different thoughts on how or why regulation is bad or good. My perspective is that I think unfortunately what we've seen play out is that when you combine sort of relatively nascent ecosystem and business models with greed, that it tends to err on a path where you get these problems where there's a mismatch in sort of risk-reward philosophies. And then in some cases, that risk has been passed along to consumers who are just unknowing of the type of risk that they're taking on for a given situation, right? And so, you look at all that and you say that's where regulation is good. Because I think everybody in the ecosystem would agree that we don't want to put consumers at risk of holding the bag on some of these scenarios where things go wrong. And so, I think that's where you look, and you say that regulation has been pretty good over time of finding ways to ensure consumer protection. [00:13:02] Andrew Seski: It's a little tricky. I mean, I feel like the SEC actually gets kind of a bad rap, but they can't really regulate proactively so they have to then retroactively. And you're seeing a lot of this, DOJ, too. I mean, there's tons of money flowing into the government to start going back through some of these issues that have been kind of plaguing this system for a while. But it's not that well received either because of the sort of libertarian tint that a lot of this started in. If you go all the way back to reading the Bitcoin Whitepaper, you can realize that decentralized finance was that first iteration using the tech. And then, yeah, it's just interesting to think about, especially going back through time and how these different winters have sort of formed the next waves of all the projects and all the exchanges that have come out and kind of what those goals are. [00:13:57] I think Adam Draper, Tim Draper's son, put out kind of an interesting article where he said he had met Brian Armstrong from Coinbase and had discussed kind of what one global financial infrastructure would look like and that it would probably be built in these next few iterations. But in that article he put out or just blog, he also listed a couple of events that, not sure if you remember each of them, but in 11 Silk Road crashes, 13 Mt. Gox, 17 was the big ICO bubble, and I think we could probably cement FTX as a major crash that may drive another winter or at least some really maybe necessary introspection for maybe some of the venture dollars flowing into the projects just in terms of diligence. You could probably say that across a lot of the sectors, to be honest. But I think it's not just a result of the ecosystem but also in the financing of the ecosystem. [00:15:00] So those incentives are really important to remember because as purely sort of this libertarian sort of idealistic thing was promulgated, now all of a sudden, we've got a lot of mixed incentives going through how scaling the ecosystem's going to look. And maybe that's a natural segue into how you got interested in and how Fidelity Digital Assets started because that was back in 14, which I think was probably one of the earliest at least in kind of the institutional world. So would love to hear the history of that.[00:15:37] Brett Royer: Yeah, sure. Yeah. Fidelity's got a pretty good history here. Some of the initial blockchain research started in 2014 in our Fidelity Center for Applied Technology. And then soon after that, we launched that into a fully-fledged blockchain incubator in that group. And they were tasked with developing blockchain capabilities that Fidelity could use for future products and services. 2015, we started accepting donations in Bitcoin to our Fidelity Charitable unit. And then in 2018, Fidelity Digital Assets, which is the business that I'm a part of now, was born to offer custody and trading solutions for Bitcoin. And the thinking was really twofold at that point in time. One is we had done a lot of experimentation in some of those applied technology groups. And you can learn a ton from experimentation, but you really can accelerate your understanding of what will and will not work for customers when you are in the market trying to sell your service. Launching a business around these capabilities that we developed in-house really made sense. And then two, we believed that the institutional marketplace was really underserved by existing crypto providers at that point in time, right? Fidelity's got a really long history of providing services to institutions of all kind. We know the market well. We serve something like 4,000 institutions today through various. We understand what they demand on the traditional finance side of the house. And so, we believed we were in really good position to build a crypto platform that met the high standards of institutional rigor that those types of traditional financial services institutions would have.[00:17:26] Andrew Seski: Does Fidelity manage custody as well? I mean, I think that's probably one of the biggest issues across space still that kind of, I mean, maybe it gets talked about, maybe it doesn't. But yeah, I feel like custody solutions are one of the key aspects of being really successful as a provider in this space right now still.[00:17:44] Brett Royer: Yeah, it's a good lead-in because we really believe that everything starts with custody. So we really, we started the foundation of the entire set of capabilities that we developed in crypto, starting with ultra-high security custody. And what we utilize offline voltage storage for the cryptographic key material and then add our own sort of special Fidelity additional layers of securities and controls that you'd expect from an institution that provides custody for $10 trillion in customer assets across the enterprise. And then from there, we built some of our other capabilities, right? So started with custody, but then we said it makes a lot of sense to layer on a trading capability that settles directly to that cold storage custody solution. And so, we developed our own multivenue, smart order routing trade platform that again automatically connects and settles to that custody solution. And then, we wrapped it all up with a white-glove service model, with trading and transfers available 20/7 and service availability 24/7 to provide really that high touch that institutions expect. And then on top of that we try to seek all the assurances we can from both a regulatory standpoint and a control standpoint. So we went out and we received Limited Purpose Trust Company Charter from New York, which is really essentially the highest standard for a crypto service provider that we have in the US. [00:19:24] Andrew Seski: I can only think of one other. And if people are really conscious, they'll go back through the podcast and realize that was the only other person or only other representative of a group who can call themselves a trust company and some of these white-labeled solutions. So we'll see how savvy some of our listeners are if they can figure out that there's only, I think there may only be one other trust company, technically. But yeah, I love the fact that Fidelity's taken all of the actual steps to, I mean, that doesn't sound like there's a single beat missed from starting. [00:19:56] And I also love at some point in the conversation, we don't have to spend too long on it, but the role of trust I think is really an interesting one because I think in the institutional-grade solutions that we're talking about, no one's going to manage their own private keys. No one's going to do their cold storage. Yet it's a little bit, I don't think it detracts at all personally from the environment, but to rely on a major institution as an intermediary while discussing blockchain, smart contracts, all of this intermediating technology, it's interesting that we in this time and age are still dealing with trust issues and security issues. And a lot of it's still complex. Personally, I don't think it again detracts from the ecosystem, especially in the institutional side, to have these solutions. I actually think it's generally positive for the time being. 'Cause like you said, the early iterations of the Digital Assets arm was, we got to be able to feel it, understand it, to be able to grow it, to be able to iterate on top of it, to be able to build new products to service the environment. But kind of curious as to how you feel about all of that. And again, we probably should step back into how you got interested in the space. And you've been with the Digital Assets group for a long time now, too, right? [00:21:19] Brett Royer: Yeah, since 2019 I've been with the group. So I'll start there and then I'll go to the sort of philosophy and some of the things you talked about in terms of self-custody. Yeah. So I guess I got interested in a similar way to a lot of others. On the personal side, sort of exploration of trading and starting to mess around with some crypto assets in my personal account, I had the benefit of, at the time that I was happening to look for the next role, we had sort of just spun up this Fidelity Digital Assets unit, and I got to see Tom Jessop, who currently is the head of the unit, present out on some of the thoughts in the direction that we wanted to go with it. And at that point in time, they had a part-time CFO who was supporting the unit like as 25% of their role. The unit was only 70 people at that point in time, but it was at the point where I think there was a recognition that it was going to be an area of growth and needed the full-time attention of a full-time CFO. So things sort of lined up well in that way. I expressed interest both from a crypto standpoint as well as stepping into this role, I had to be willing to sign up for being an army of one for some period of time. And that I think that's probably familiar and true for a lot of startup CFOs. But I guess a little bit unique from the perspective of working in a really large company like Fidelity going from managing a decent size group to wanting to take on this role and needing to sign up for the idea that I was going to be an army of one for a while and that was going to be a very different sort of set of responsibilities. But in my mind why it was really attractive to me and it has played out fantastically for my career development, just staying engaged and interested in what I do every day is the breadth that you're able to get from stepping into that role is again sort of a growth business CFO within a much broader organization, right? That manifested itself in a couple of ways. I think one, probably a lot of your CFOs don't even think twice about this because it's the standard way you operate if you're a standalone business unit. [00:23:33] But coming into Fidelity, a lot of business unit finance folks don't spend a lot of time at the legal entity financial level, right? So thinking about a big corporation, you don't need to set up a new legal entity every time you set up a new product line or business unit, right? So a lot of times there's just a disaggregation of how you think about finance within your unit versus how things are done at the legal entity level. But what this role presented me an opportunity to do was to care about both because crypto's unique in its regulatory structuring, so we needed to set up a separate legal entity to be the service provider for crypto services to our institutional customers. And so, we did set up that separate legal entity and then in fact, over time, grew that into two legal entities. So we now have a legal entity in the US and we've got a UK-based legal entity that services non-US customers. And so, from a career development standpoint, right, that was important to me to be able to have that sort of full end-to-end ownership of the finance function, which included caring about audits and signing off on the financial statements, caring about balance sheet and capitalization, caring about regulatory capital and how you handle planning for what can be a pretty volatile environment in terms of customer interactions that impact your regulatory capital on a day-to-day basis.[00:24:56] So all that was really interesting and exciting to me when I looked at the opportunity. And it's played out really well. So I appreciate all the experiences that I've been able to get. And that's the risk that I was taking up front, banking on the idea that I'd get that broad exposure starting off with an army of one. Obviously, now the business has progressed. We're gonna be north of 500 people at the end of the year. So it's been a great evolution. [00:25:25] Andrew Seski: So and the idea, it's interesting, I was actually, when I was asking the question around trust, I was actually rereading a quote from Abigail Johnson talking about kind of the earlier stages of her kind of obsession with trying to figure out the full tech stack, which I thought was really, really cool. And kind of her first, one of her comments was starting with custody solutions seemed to tie antithetical to the technology, which I thought was a great comment on, I just love the approach. She basically came out to say Fidelity's had this long, privately owned success for generations due to in part contrarian thinking. And when people are running for the door, being able to have the wherewithal, the confidence, and the kind of long-term approach to nascent technologies and industries to be able to double down and really learn and feel all of that. So that's kind of where that trust question was coming from.[00:26:24] So I mean, it's nice to have somebody who's kind of leading the charge with so much thoughtful consideration in the space and where it makes sense for Fidelity to provide support versus how to push the industry forward and kind of just a nice patient approach. Especially as you said in terms of kind of the volatility of the space where all of these winters and kind of crashes are happening at so much faster of a clip. It takes a ton of patience and a ton of maturity to go through the volatility and be able to express what your priorities are maybe in a time where there's a lot of value loss at the time. So yeah, that's kind of where that was stemming from. But I do think it's super interesting that the group has continued to expand so rapidly. I think there was a comment in that article, too, that one of the first offerings was just Bitcoin and 401ks. Is that right? Does that sound? Yeah. I'm not sure how long ago that was, but I think that probably spurred a ton of interest, too.[00:27:29] Brett Royer: Yeah. Yeah, that's recent. So yeah, definitely a little bit of a response to sort of marketplace demand there. I think that the 401K unit just continued to hear a lot of interest from planned sponsors and having a product that could gain their participants' exposure to digital assets. And so, this was really in response to that and we think a relatively innovative product that gives those who are seeking a way to allocate a certain proportion of their retirement assets to digital assets. So yeah, certainly, that was a great example of a way that we think about the capabilities that are being developed within my Fidelity Digital Assets unit, potentially being used in other ways over time, right? [00:28:25] So I think from a long-term philosophy perspective, we started this unit and wanted to build the core set of capabilities. We went direct to the institutional market. But I think part of the vision always entailed the idea that over time, we expect the digital assets will begin to look and feel like any other asset class to investors. And so, we wanted to build those set of capabilities and then when the time is right and when the demand is there and when the regulatory environment is right we fully expect that we'll be able to provide digital asset services to an increasing number of customers that we touch again in the fullness of time.[00:29:08] Andrew Seski: Sweet. Well, I'd love to take a quick step back and run through a few of the questions that I really like to indulge in most of the podcast for continuity's sake. But would love to hear your perspective on just a personal definition on what you'd consider a modern CFO today. Maybe some of the characteristics that embody a modern CFO or maybe some things that modern CFOs should have on their radar that they don't today. Maybe we just start there. [00:29:39] Brett Royer: Yeah. When I think about the CFO role now, I think about the CFO role really broadening in the context of the organization, right? So I always like to aim to be viewed as a business person first who happens to know a lot about the finance of the business versus a finance person who happens to know a little bit about how the business is run. And what I mean by that is it's not okay for the modern CFO to be a passive observer to business activities and just report out on how things are going or how they went, right? The days of business leaders making decisions on gut and experience are largely gone, right? Virtually every company in the world now has a data-driven decision-making mindset. And so, the modern CFO really needs to be deeply engaged in the decision-making activities of the business, both in traditional finance terms, so P&L, NPV, IRR, return on capital, but also the nontraditional finance terms, right? They need to understand both financial and non-financial data. They need to understand how those interplay between each other and then how all of your data can be used to derive insights and make better decisions.[00:30:51] And then lastly, I guess one of the things I think a lot about is how I think the CFO role probably needs to be more willing to step outside of the traditional CFO swim lane when necessary to help the business in new and unique ways. So at my very first job out of undergrad, they taught all the incoming analysts that you are literally not allowed to say "That's not my job." Like that's a phrase you are not allowed to say. So I've carried that kind of philosophy with me throughout the rest of my career, right? And I think some of the most meaningful experiences that I've had were not handed to me in a job description or given to me by a manager. But they were formed by me raising my hand or asking a question or, in some case, just starting to do something in an area where there was a gap or an opportunity that wasn't being addressed. And I found that there are very few managers who will take issue with someone taking the initiative to just go ahead and solve a problem without asking, as long as it's not too far outside of the realm of your role. So that's another piece of the mindset that I think is important is willingness to sort of adapt and evolve around the edges some of the things that the CFO can be involved in and help the business improve upon. [00:32:06] Andrew Seski: I really appreciate that. And I typically ask people to hit that back 30-second button a few times when I hear really great advice. And I think anybody who's aspiring to the CFO role or is in their first time CFO role should really consider that advice and take it to heart. I think that was really well articulated. I appreciate that, Brett. I want to talk a little bit about 2023, the next 12 months. What's on the horizon for you and for the Digital Assets group? What's top of mind? What are you most focused on trying to build right now? [00:32:39] Brett Royer: Yeah. So certainly in general, focused on new opportunities to serve the rest of the Fidelity enterprise in terms of crypto capabilities where appropriate. From a finance team perspective, one of the things I've been spending a fair amount of time on is actually preparing for crypto tax regulations. So maybe a little bit esoteric in nature but I think this is an area where crypto is going to catch up to traditional financial services and there's obviously already been some indications of some rules to come. But this is sort of one of those areas where I talk about having the opportunity to raise your hand and take on some new responsibility sets. So as we anticipated that there was going to be some new requirements around crypto tax reporting in the not too distant future we started to work on what that would look like. And I've actually started to build out a team that's going to help us in Fidelity Digital Assets, prepare for any requirements which are going to be defined and we expect that this'll look a little bit more like a traditional set of brokerage reporting requirements, right? So I think in the future, you should expect to get something that looks like a 1099, multiple different kinds of 1099s from your crypto services provider. And that's a big initiative for the government and the IRS is I think starting to bring some of these things back under the existing frameworks and umbrellas where they make sense. And certainly the expectation is that crypto is not a tax-free realm. And so, this is just going to be one step in the direction of bringing crypto up to par with the rest of financial services. And that's an area where I think we'll spend a lot of time and focus on getting ready for that over the next 12 months.[00:34:23] Andrew Seski: Yeah. And for those listeners who don't know, the IRS received an $80 billion budget over the course of last summer. So this is not an "if" but "when." So I think Brett makes a really good point just to highlight the fact that this taxable ecosystem it's already here. So having the foresight and wherewithal to understand that the IRS is going to be pretty active in the crypto space I think is just good practice. And we've seen these iterations through the idea, and we're still going through this. I think that there's, we're going to see what happens with how securities law interacts with the crypto space. And there are some ongoing conversations with the SEC. And it's just, I think it's just part of the space and how early we, it's just good representation of how early we are still. So I think it's smart to have a good sense of the regulatory environment, but then also likely seek out counsel where appropriate to ensure that you're maintaining compliance because the worst part of some of these crashes is that they're riddled with some of the greed that we talked about earlier. And there are some consumers who aren't well protected against some close to two or considered fraud or financial crime, which really sets back the interest in the space and the participants. So wanna do the best we can to have thoughtful conversations and have thoughtful regulations around all of this. So I think that's a great initiative for the year to come. I think it'll continue to drive the space forward, so I really appreciate that. [00:35:54] I'd love to drive into one of my favorite parts of the podcast and talk about one of the things that you feel may be underestimated in the world today, and if there's anyone currently addressing that that topic or space. But love to drive into this 'cause it's always really interesting given the unique vantage points of the people we talk to on this show.[00:36:14] Brett Royer: Yeah. I'll give you a quick hit. I don't have the background to fully understand all the implications of this. But one thing that I look out at now, especially in a post-pandemic world and how globalization of the workforce and the virtual environment, it will sort of impact staffing and how we build out teams. I think about what globalization has already done for an economy like the Indian workforce, right? And you think, you look forward and you say, do you see things like that continuing to evolve and emerge? Can you imagine what that looks like for the Chinese workforce over time, right? [00:36:52] I think there's already been pockets of the ecosystem where there have been movements and certainly traditional product manufacturing and those types of roles. But even if you look at the service economy over time, right, you think about the amount of people that could be utilized and globalized in terms of the workforce for any company in the world now. One, I think it really just expands your access to talent and it can go anywhere. And then two, I think it really potentially changes the opportunity set for people in some emerging market countries, right, where normally, prior to the world sort of going in this totally virtualized environment, I think people's opportunity set for work was more limited to the localized opportunities. And I think one of the things we're going to continue to see emerge is that just that globalization of opportunity set. And I think that can have really, really massive implications for what teams look like in the future and what workforces look like in the future, right? Even thinking back to pre-pandemic, I think Fidelity has had a large set of teams in India and other parts of the world. And I think there was a little bit more of a mindset of like passing things along over time zones, right, and not having that true end-to-end connection. But now, you look at the way that teams work. And there's no concept of passing off. It's sort of a continuous like evolution and discussion of teams that work across the globe together on the same things at the same time with a connected mindset. And I think that's gonna be just a massive change that will continue to evolve over time. I see huge opportunities for certain parts of the world to start to really step in and have more of their workforce contribute to sort of that globalized service economy. [00:38:44] Andrew Seski: Yeah, absolutely. A bold case on productivity and innovation for sure. Do you see that happening at all internally with your groups or is the Digital Asset group global and partially remote? Have you had to deal with that as an army of one to 500? [00:38:59] Brett Royer: Yeah, definitely. I mean, the good news is that our unit was sort of al already global, even pre-pandemic. The nature of crypto is that the expectation was over time that we were going to get closer and closer to sort of 24/7 availability because the crypto market doesn't sleep, right? And in order to do that successfully, you need to have a geographically distributed workforce. And so, we had already made a lot of efforts to do that even pre-pandemic and. So I guess in some ways, we were somewhat uniquely prepared for this sort of scenario because if you're used to working in virtual teams anyway before you're required to, it's just sort of more of the same. It's just an extra dose of it. So yeah, I'd say we were somewhat uniquely prepared for this evolution. But I think even still, it's going to continue to evolve over time and we're going to see more and more of it, even where I think still predominantly US-based but I think you could see that change in the next 10, 15 years where teams could look a lot more like the distribution of the population of the world over time.[00:40:11] Andrew Seski: Yeah, that's great. That's a really interesting comment. I really appreciate you sharing that perspective. I was thinking, this is kind of a random thought here, but as I was preparing for our conversation today, I went through a bunch of the kind of my go-to resources for preparing for interviews and thinking about crypto and thinking about the global marketplace, and I stumbled across a really great interview with David Rubenstein and Abigail Johnson that I highly recommend people check out if they're interested in Fidelity's history in general. And it just made me think to ask in a world with so much information, and we were chatting about FTX prior and the world of Twitter being where a lot of people are getting information from, I was just kind of curious. I know Fidelity puts out really high-quality research and reports and there's a lot of marketing and media that goes into trying to educate participants. But I was kind of curious as to where you go or if you've read anything maybe even outside of financial news or crypto news. Just how you're receiving your information and if you're reading anything or listening to any podcast that listeners would value from. [00:41:19] Brett Royer: Yeah, it's funny. I don't have a whole lot to add. I use all the same sources I think that you mentioned. I think there's a lot of great resources and people who are willing to give away their opinions for free on crypto Twitter. At the same time, I like to stay away from that to stay in the echo chamber sometimes because I do think that it's always good to have perspective. And I think if you go too deep down the rabbit hole sometimes and you're really embedded in some of those echo chambers, you lose sight of what's sort of going on in the broader world around you in financial services. And so, I always try to take, I love learning new things about crypto and I love going deep and understanding things at a pretty fundamental level. But at the same time, I want to make sure that I'm balanced enough to not get too focused on crypto as the end-all be-all and always bring it back. I'm sort of pragmatic in how I think about how crypto services can be used for our customers over time. And I tend to take the approach of, I think these things are going to happen more, a little bit more gradually and we're going to find better and better use cases for customers to interact with digital assets versus the extreme perspective that crypto's going to eat the world and be the only thing that's left from a finance perspective so.[00:42:43] Andrew Seski: I think that's probably a pretty nuanced and balanced approach to learning. I think anyone who oversimplifies is sort of missing it still. It's still a pretty complicated scenario with, again, as I mentioned, a lot of kind of new and emerging incentive structures as to how products are being built.[00:43:01] So I did want to take this opportunity also to give you a chance, and it sounds like the team is probably still expanding. Would love for you to share how people can learn more about Fidelity Digital Assets or maybe even get in contact with your team to learn more, maybe check out some of the Fidelity careers and just make sure that people have an opportunity to continue to see Fidelity Digital Assets as one of the market leaders having been in the space for a good amount of time here.[00:43:30] Brett Royer: Yeah, absolutely. Our human resources and talent acquisition teams have done a terrific job. I can provide you separately with a link. But I think we now have within our sort of Fidelity jobs portal, there's the ability to click in and see the roles that are dedicated to Digital Assets within Fidelity because it's been such an area of growth for us. We really wanted to focus on reaching out to those people who are interested in it, not only from the perspective of those who are experienced or have crypto experience from prior roles but also those who are interested in learning and want to sort of come in and take the opportunity to have a place like Fidelity to take their first shot at crypto. So yeah, happy to share that. It's definitely been a huge area of focus for us in what's been a competitive talent environment. We've seen some backing off and some other firms have some challenges from the personnel perspective. But I think it's still an environment where it is a challenge and it's something that we focused a lot on to get the right talent with the right mindset to combine sort of that crypto curiosity with some of the Fidelity philosophies that we think are still really important in any of our businesses, even on the crypto side, which is customer-first mindset, customer obsession, doing things the right way.[00:44:57] Andrew Seski: Well, in my opinion, that's a very organic and really, really high value marriage of Fidelity values and a nascent emerging technology like the blockchain space. Brett, I hate the fact that we have to start wrapping up, but I wanted to say thank you so much for being on The Modern CFO today. I really hope we have the opportunity to stay in touch as your group continues to grow. And just wanted to just say thank you one more time so. [00:45:24] Brett Royer: Appreciate it, Andrew. Nice to talk to you as well. [00:45:26] Andrew Seski: Thanks

Devin: What do you see as your superpower?Dominic: I've been told this. I didn't recognize it myself necessarily, but I think it's kind of a very specific trait: the ability to take what is a somewhat complex subject and break it down into its core elements and be able to explain it in an intelligible way to a large group of people.Social entrepreneur Dominic Kalms, CEO and founder of B Generous, is bringing donate now, pay later technology to philanthropy. This is a big deal.Two-thirds of people want to give more to charity, according to Fidelity Charitable's Overcoming Barriers to Charitable Giving report. A whopping 72 percent of people said they would give more if they had the resources. This compelling data suggests a huge opportunity for nonprofits to utilize a donate now, pay later model.B Generous's own data suggests that 82 percent would give more—often double—if they had access to a donate now, pay later feature.The buy now, pay later industry has exploded among young people, most of whom (coincidentally about two-thirds) don't have or use credit cards. Already, 20 percent of e-commerce transactions use a buy now, pay later model. Over $100 billion of buy now, pay later loans are outstanding.Dominic says B Generous came from asking this powerful question: “I looked at the buy now, pay later model, and I thought to myself, why couldn't we apply that type of infrastructure to the largest underserved sector of finance in the world today, which is the US philanthropic market?”“Let's take the worst elements of buy now, pay later out, namely the late fees and the high-interest payments,” he says. “Let's remove those and let's create the first-ever philanthropic credit product that, instead of allowing somebody to buy now, pay later, allow somebody to donate now and pay later, essentially using this financial technology infrastructure, as you said, to do something good in the world.”The B Generous tool gives the donor the option to pay over three, six or nine months for free! No interest, fees or penalties. The nonprofit receives its cash immediately (one to three days).The financial model is simple. B Generous takes a “success fee” out of the proceeds from the donation to cover its costs, including interest and the risk of default. “We don't have a hard collections process,” Dominic says. If a donor fails to pay, they receive an email reminder. Next, B Generous will ask the donor to choose from various flexible options, including making a discounted pay-off of the loan. If nothing triggers a payment, B Generous writes off the loan.In his work, Dominic sees the ability to distill complexity and communicate it succinctly and effectively to a large audience as a superpower that has empowered his success.How to Develop Distilling Complexity to Communicate Effectively As a SuperpowerPerhaps the best evidence for Dominic's superpower is having raised nearly $10 million of venture capital to fund B Generous.He also pointed to his experience at GVNG, the last company he founded. Dominic built that enterprise around fiscal sponsorships wherein nonprofits lend their 501(c)(3) status to a project. “If you're not in the nonprofit world, you wouldn't know about it,” Dominic says.The obscurity and complexity created a problem when pitching investors. To successfully raise venture capital and grow sales, he had to master a simple explanation of the complex. “I had to distill it down to its core elements and explain it,” he says.“Eventually, I got to a place where I was able to explain it in a succinct way, and it sunk in,” Dominic says. “I saw people reacting be like, ‘Oh wow, I totally get it. That makes a ton of sense.'”Dominic offers three tips and an acknowledgment to help you conquer complexity.* Learn. “First and foremost, learn every single thing you can about your subject matter. I mean, read as many books as you need to, read as many articles, watch as many documentaries, and talk to as many people in the field,” he says. “You need to know everything you can. Don't ever be stumped by a question.”* Practice. “Next, practice. Practice makes perfect. Repetition is key. So say it in your sleep. Say it in the shower. Say it to your mom. Say it to your dad. Say it to your girlfriend, your boyfriend. Whatever. Say to your dog,” Dominic says. “But just repeat, repeat, repeat, repeat, repeat is the second thing I would say.”* Embrace constructive criticism. “Nobody likes to be told, ‘Hey, that wasn't very good,' or ‘I was disappointed in that,' or ‘I didn't understand it.' Nobody likes that,” he says. “But you have to embrace it because that stuff's helpful in the long run. If five people tell you, ‘Hey, your pitch didn't make sense,' don't be defensive. It means that it doesn't make sense, and you need to get better at it.”He also acknowledges that communicating with audiences requires a natural ability or at least a lack of fear, which many people have. “For me, if I get on stage and talk to 1000 people versus I talk to one person, it makes no difference to me whatsoever,” Dominic says.If you follow his example and advice, you can make distilling complexity to communicate effectively a superpower that enables you to do more good. Get full access to Superpowers for Good at devinthorpe.substack.com/subscribe

We're kicking off Charitable Giving Month with a conversation about the impact economic realities, like inflation and volatility, will have on charitable giving this year. Natasha O'Yang, VP of Fidelity Charitable, joins Jurrien Timmer, director of global Macro at Fidelity, on the show for this timely discussion. Read the full transcript. View the slides. Watch the video replay. © 2022 FMR LLC. All rights reserved.

According to Fidelity Charitable, a third of cryptocurrency investors have donated some of their assets to charity.  Are you ready to accept donations in cryptocurrency? This episode brings together a panel of seven experts to help guide advancement services professionals through the several facets of accepting and recording crypto donations. The speakers discuss gift acceptance policies, crypto accounts, valuing and receipting crypto gifts, and prospect research.

On top of all the other fundraising strategies nonprofits have to master, you may be thinking that the additional hassle of figuring out cryptocurrency donations may not be worth it.However, 220,000,000+ people use cryptocurrency today. And half of millennials prefer crypto investing to stocks. And in a recent study, Fidelity Charitable found crypto owners to be more charitable than the typical investor, but 46% of these donors noted it was difficult to find nonprofits that accept cryptocurrency donations.With so many ways for nonprofits to accept cryptocurrency donations, you don't need to turn away donors who wish to donate their Bitcoin, Ethereum, or other coins. It's a new technology that is constantly evolving, and it's understandable if you have some apprehension or confusion about how it all works. However, with so many tools available it is easier than ever to get started.Pat Duffy created The Giving Block with Co-Founder Alex Wilson in 2018, developing the leading solutions that charities, universities and other nonprofits use to fundraise cryptocurrencies. They quickly established themselves as the leading crypto fundraising experts through the explosive growth of their programs at Save the Children and United Way Worldwide. Over the last four years, The Giving Block has turned cryptocurrency into the fastest growing donation method, founding the industry's giving pledge, giving days and crowdfunding platform.Here are some of the topics we discussed:How can a nonprofit get started accepting crypto donationsBitcoin currently being the most popular among cryptocurrencies, how can nonprofits ask for Bitcoin donationsWhat is Blockchain-based NFTs and how can nonprofits use NFTsWhat are the trends on the next coming yearsDo me a favor? Rate, Review, & Follow on Apple Podcasts (or your podcast player of choice) - it helps this podcast get seen by more people that would enjoy it!About Julia Campbell, the host of the Nonprofit Nation podcast:Named as a top thought leader by Forbes and BizTech Magazine, Julia Campbell (she/hers) is an author, coach, and speaker on a mission to make the digital world a better place.She wrote her book, Storytelling in the Digital Age: A Guide for Nonprofits, as a roadmap for social change agents who want to build movements using engaging digital storytelling techniques. Her second book, How to Build and Mobilize a Social Media Community for Your Nonprofit, was published in 2020 as a call-to-arms for mission-driven organizations to use the power of social media to build movements. Julia's online courses, webinars, and talks have helped hundreds of nonprofits make the shift to digital thinking and raise more money online.Take Julia's free nonprofit masterclass, ​3 Must-Have Elements of Social Media Content that Converts

Welcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: A Comparison of Donor-Advised Fund Providers, published by MichaelDickens on March 9, 2022 on The Effective Altruism Forum. Last updated 2022-03-09 to add Charityvest to the list of providers. A donor-advised fund (DAF) is an investment account that lets you take a tax deduction now and give the money to charity later. When you give money to a DAF, you can deduct that money just as you would deduct a charitable contribution. The DAF invests the money tax-free. At any time, you can direct the DAF to donate some or all of its holdings to the charity of your choice. You can open a DAF through a donor-advised fund provider. A provider charges an administrative fee to invest your DAF and make donations in accordance with your recommendations. For donors in the United States, which DAF provider is the best? The short answer: All of the big DAF providers offer similar features. For most people, it doesn't really matter which one you choose. If you already have a DAF, you might as well keep using it. If you have a brokerage account at Fidelity, Schwab, or Vanguard, then the easiest thing to do is to open a DAF with your brokerage account. That way, you can manage all your investments in one place. Otherwise, I believe Schwab Charitable is the best DAF provider for most people. The long answer: Even if all the major DAF providers are reasonably good, they do have their own strengths and weaknesses. In the rest of this post, let's look at how they compare. Cross-posted to my website. My process I made a list of every United States nationwide DAF provider I could find. I excluded regional DAF providers (example: Silicon Valley Community Foundation), providers that weren't cause-agnostic (example: National Christian Foundation), and providers that don't work with individual donors (example: American Online Giving Foundation). Your local community foundation might offer a better DAF than any of the national providers of my list, but there are too many community foundations for me to look at them all. I ended up with eight DAF providers (in alphabetical order): American Endowment Foundation (AEF) Charityvest (see disclaimer) Fidelity Charitable Greater Horizons National Philanthropic Trust (NPTrust) Schwab Charitable T. Rowe Price Charitable Vanguard Charitable This list is probably not comprehensive, but it's all the DAF providers I could find that meet my criteria. I spoke to representatives at these providers to get more information about their offerings. I also spoke to a few financial advisors who manage DAFs at different providers. I then eliminated four DAF providers: T. Rowe Price Charitable has the most investment options, but most of the funds have expense ratios of 0.6% or higher. Not worth it unless you really want those extra investment selections. AEF and NPTrust both look like decent options, but they charge higher administrative fees than Vanguard/Schwab, offer a worse user experience, and don't have any special features to compensate. So we might as well exclude them. Fidelity is nearly identical to Schwab, but it offers fewer investment options, so let's exclude it. Four DAF providers remain: Charityvest, Greater Horizons, Schwab, and Vanguard. Caveat 1: I don't have good firsthand knowledge of any of these eight DAF providers except for Fidelity Charitable, which I used to use, and Greater Horizons, which I currently use. I created accounts at Charityvest, Schwab, and Vanguard to get a sense of how they work, but I haven't tried to do anything fancy like set up an advisor-managed account. I had to make subjective judgments on things like UI, so don't take my claims as definitive. Caveat 2: This article is not about whether you should open a DAF in the first place. For some people, a foundation would better serve their needs; other people should simply keep their...

Ep 058: So far in our show, we've uncovered the theme that there are many things that brings our lives fulfillment. One thing we consider as we discuss our own mortality is our legacy, right? What have we changed or made better? Sometimes our work is our legacy. Sometimes our volunteer work. Sometimes it's the family bonds and memories. But another way to build a legacy is to use our savings during or after our lives to give to a charity that can impact others' lives. There are countless worthy nonprofits and charities out there. So what should we know about finding which charity is the best match for our values and dollars? WHEN should I give to charity? HOW & HOW MUCH should we give them?   Our next guest is a Vice President and charitable planning consultant for Fidelity Charitable®, an independent public charity that has helped donors support more than 328,000 nonprofit organizations with $51 billion in grants. In his role, he is a premier resource on charitable planning for advisors and their clients in the Northeast area. He educates advisors on current charitable planning trends and strategies, along with leveraging the benefits of Fidelity Charitable's donor-advised fund program, to help philanthropic clients give more to the charities they support. Please welcome Glenn Garbutt to the Retirement Success in Maine Podcast! Chapters: Welcome, Glenn Garbutt! [2:54] Why do people give charitably? [9:51] How can someone identify which causes are important to them and what impact their donation is going to have? How can they figure out the best place for them to give? [16:52] How do people today give to charity (from an asset perspective)? [31:00] What are Donor Advised Funds and when did they come about? [37:39] Many scenarios can immediately influence someone's liquid wealth – what are some planning considerations for these types of scenarios? [46:39]  How is Glenn going to find his personal Retirement Success? [52:53]  Ben and Curtis wrap-up the conversation [55:37]

Despite the economic downturn, 2020 turned out to be a fantastic year for charitable giving. In this episode, we'll look at how people chose to give and you'll learn about the efficiency of giving through donor-advised funds (DAFs).  In the listener questions segment, you'll learn how to survive a bear market in retirement. We'll investigate the length of the average bear market and see how you can prepare for the worst in your retirement years.  Outline of This Episode 2020 was a banner year for giving Planning ahead can help alleviate a hefty tax bill What is the average length of recovery from a bear market? Look into Guyten's Guardrails Shwab and Fidelity both showed an increase in giving You would think that with the economic downturn of the last year that people would tighten their bootstraps and cease giving to charities, but it turned out that the opposite was true. The two largest brokerage firms, Schwab and Fidelity, recorded increases in charitable donations.  Donations were made in response to the Covid pandemic and the social justice protests that marked the year. The biggest recipients of these charitable gifts were organizations that provide food and other necessities Donor-advised funds are an important vehicle for charitable giving Fidelity Charitable and Schwab Charitable both use donor-advised funds as a vehicle for charitable giving. Donor-advised funds (DAFs) have become popular since they are simple and make for an easy way to give strategically. These charitable investment accounts allow a donor to make a charitable contribution, receive a tax deduction, and then distribute the money over time. Have you thought of changing the way that you make charitable contributions? What are the benefits of using DAFs? DAFs have become more popular in recent years due to changes in tax laws. The new standard deduction for charitable giving increased to $24,800 for a married couple. By creating a DAF, donors can contribute a lump sum every few years and then administer the funds to the charities they choose over time. Many advisors recommend donor-advised funds as a receptacle for their clients to strategically deduct charitable contributions. Listen in to hear a real-world example of how a DAF can be used.  Planning ahead can create a tax deduction We must all pay our taxes, but we never want to overpay -- no one wants to leave the taxman a tip. If you are charitably minded, a donor-advised fund is an excellent way to implement a multi-year tax strategy and take advantage of the standard deduction. Think about how lump sum giving every few years could change your tax situation. It pays to plan your taxes ahead in retirement. Resources & People Mentioned Investment News article on charitable giving Guyton's Rules for Withdrawal Rates Guyton's Guardrails are discussed in - Episode 181, Episode 153, Episode 149, Episode 93 Connect with Benjamin Brandt Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com/ Follow Ben on Twitter: https://twitter.com/retiremeasap Subscribe to the newsletter: https://retirementstartstodayradio.com/newsletter Subscribe to Retirement Starts Today on Apple Podcasts, Stitcher, TuneIn, Podbean, Player FM, iHeart, or Spotify

With every dollar you save in taxes, you have the opportunity to spend more on the betterment of your community. Are you ready to get the biggest charitable bang for your buck? In this episode, Kevin Kaylakie speaks with Brandon O'Neill, CFP®, CAP®, a charitable planning consultant for Fidelity Charitable. They unpack strategies to help … Continue reading Donor-Advised Funds: Doing More Good With Less Money With Brandon O'Neill (Ep. 13) →

Donor-Advised Funds (DAF's) help you fund your charities and manage taxes. You want to do good in the world. Tax management is a central part of your financial plan and Donor Advised Funds are some basic blocking and tackling in wealth the management process and the doing good. To be honest, on the surface, DAF's are kinda (sic) boring. Harrison Miller, CAP® Vice President, Charitable Planning Consultant at Fidelity Charitable is awesome and made it fun. Harrison is such a nice guy and put up with my meandering conversation. We started with his favorite coffee joint in his hometown of Atlanta and eventually got to his favorite charitable organizations. What are your favorite charities in Raleigh, Cary, Durham, and Chapel Hill? If you have never heard of Donor Advised Funds or need a refresher, please listen in. If you don't use them, you are being underserved in your wealth advice. Let's talk. 919.861.8212.

Jon and Jim talk with Jim Carpenter, a charitable planning consultant at Fidelity Charitable®, an independent public charity and the nation's top grantmaker, distributing $7.3 billion to charities in 2019. They discuss charitable planning, educating donors on current charitable planning strategies and current giving trends. Jim Carpenter is a charitable planning consultant at Fidelity Charitable®, an independent public charity and the nation's top grantmaker, distributing $7.3 billion to charities in 2019. Jim serves as a premier resource on charitable planning, educating donors on current charitable planning strategies and trends. Full Bio: James Carpenter is a vice president and charitable planning consultant at Fidelity Charitable®, an independent public charity that has helped donors support more than 300,000 nonprofit organizations with nearly $42 billion in grants. The mission of Fidelity Charitable® is to grow the American tradition of philanthropy by providing programs that make charitable giving accessible, simple and effective. Mr. Carpenter assumed his current role in 2017. In his position, Mr. Carpenter serves as a premier resource on charitable planning for advisors and their clients in the Great Lakes region. He educates advisors on current charitable planning trends and strategies, along with the benefits of leveraging Fidelity Charitable's donor-advised fund program to help philanthropic clients give more to the charities they support. Prior to joining Fidelity Charitable, Mr. Carpenter had distribution roles and territory assignments for several global asset management firms, including Schroders Investments, Goldman Sachs, and Legg Mason. In that role, he was responsible for helping financial advisors construct portfolios to manage risk and improve the odds of financial planning success. Prior to the asset management distribution, Mr. Carpenter spent 12 years as a financial advisor focused on retirement planning and insurance. Investment advisory services are offered through Motive Wealth Advisors, a DBA of tru Independence Asset Management, a Registered Investment Advisor with the U.S. Securities and Exchange Commission. Any material discussed is intended for informational purposes only. It should not be construed as legal or tax advice and is not intended to replace the advice of a qualified attorney or tax advisor. This information is not an offer or a solicitation to buy or sell securities. The information contained may have been compiled from third party sources and is believed to be reliable.   Connect with Jon Dwoskin: Twitter: @jdwoskin Facebook: https://www.facebook.com/jonathan.dwoskin Instagram: https://www.instagram.com/thejondwoskinexperience/ Website: https://jondwoskin.com/LinkedIn: https://www.linkedin.com/in/jondwoskin/ Email: jon@jondwoskin.com Get Jon's Book: The Think Big Movement: Grow your business big. Very Big!   Connect with Jim Niedzinski: Website: www.motivewa.com LinkedIn: linkedin.com/in/jimniedzinski Email: jim@motivewa.com   Connect with Jim Carpenter: Website: www.fmr.com

According to wish dad Bob Dazi, his son Ethan's wish had such a positive impact that “he wanted to be able to support and inspire other children to keep fighting. He wanted to focus on a life of serving people. Unfortunately, Ethan passed from his illness on April 19, 2019 prior to fulfilling his desire here on earth”.EPISODE TIMESTAMPS01:04 – Floyd Mayweather Jr. vs. Connor McGregor 05:52 – From diagnosis to dreaming big 19:14 – Ethan's Dream 25:30 – Wish Your Way, and Fidelity Charitable, giving through Donor Advised Funds 30:55 – Philanthropy and technology 39:18 – Shooting Stars Segment EPISODE LINKSDonateVolunteerEthan's Dream (Wish Your Way)Fidelity CharitableEthan's High Five at the McGregor/Mayweather Fight (Video)Questions? Email us at info@hudson.wish.org----LEARN MOREhttps://hudson.wish.org/FOLLOW US!Instagram: http://instagram.com/makeawishhvTwitter: http://twitter.com/makeawishhvFacebook: http://facebook.com/MakeAWishHV

In this episode of the Fun Money Podcast we conclude a two-part conversation with Brandon O'Neill from Fidelity Charitable about ways to enhance your charitable giving with a few examples and strategies. We hope you'll enjoy this episode and subscribe to automatically receive future episodes.   To connect with Josh visit https://www.insightwp.com/team/josh-hargrove To connect with Ross visit https://www.insightwp.com/team/ross-powellTo connect with Brandon visit: https://www.linkedin.com/in/brandononeill/   https://www.fidelitycharitable.org/ Currently Listening: Paramore- https://open.spotify.com/artist/74XFHRwlV6OrjEM0A2NCMF Secret Life of Walter Mitty - https://open.spotify.com/album/4zSB5nqKVh9jQcRByMUcMG Alan Jackson  https://open.spotify.com/album/5AOdiY7XlBfcv7sfexeEjc

In this episode of the Fun Money Podcast we open a two-part conversation with Brandon O'Neill from Fidelity Charitable about ways to enhance your charitable giving with a few examples and strategies. We hope you'll enjoy this episode and subscribe to automatically receive future episodes.   To connect with Josh visit https://www.insightwp.com/team/josh-hargrove To connect with Ross visit https://www.insightwp.com/team/ross-powellTo connect with Brandon visit: https://www.linkedin.com/in/brandononeill/ https://www.fidelitycharitable.org/  Currently Listening: London Grammar- https://open.spotify.com/artist/3Bd1cgCjtCI32PYvDC3ynO Red Headed Stranger – Willie Nelson https://open.spotify.com/album/5aEtg4dxdBk4pj6SJ3hNsM Michael Jackson – Thriller  https://open.spotify.com/album/2ANVost0y2y52ema1E9xAZ 

Despite the economic downturn, 2020 turned out to be a fantastic year for charitable giving. In this episode, we’ll look at how people chose to give and you’ll learn about the efficiency of giving through donor-advised funds (DAFs).  In the listener questions segment, you’ll learn how to survive a bear market in retirement. We’ll investigate the length of the average bear market and see how you can prepare for the worst in your retirement years.  Outline of This Episode [1:42] 2020 was a banner year for giving [4:48] Planning ahead can help alleviate a hefty tax bill [10:49] What is the average length of recovery from a bear market? [17:04] Look into Guyten’s Guardrails Shwab and Fidelity both showed an increase in giving You would think that with the economic downturn of the last year that people would tighten their bootstraps and cease giving to charities, but it turned out that the opposite was true. The two largest brokerage firms, Schwab and Fidelity, recorded increases in charitable donations.  Donations were made in response to the Covid pandemic and the social justice protests that marked the year. The biggest recipients of these charitable gifts were organizations that provide food and other necessities Donor-advised funds are an important vehicle for charitable giving Fidelity Charitable and Schwab Charitable both use donor-advised funds as a vehicle for charitable giving. Donor-advised funds (DAFs) have become popular since they are simple and make for an easy way to give strategically. These charitable investment accounts allow a donor to make a charitable contribution, receive a tax deduction, and then distribute the money over time. Have you thought of changing the way that you make charitable contributions? What are the benefits of using DAFs? DAFs have become more popular in recent years due to changes in tax laws. The new standard deduction for charitable giving increased to $24,800 for a married couple. By creating a DAF, donors can contribute a lump sum every few years and then administer the funds to the charities they choose over time. Many advisors recommend donor-advised funds as a receptacle for their clients to strategically deduct charitable contributions. Listen in to hear a real-world example of how a DAF can be used.  Planning ahead can create a tax deduction We must all pay our taxes, but we never want to overpay -- no one wants to leave the taxman a tip. If you are charitably minded, a donor-advised fund is an excellent way to implement a multi-year tax strategy and take advantage of the standard deduction. Think about how lump sum giving every few years could change your tax situation. It pays to plan your taxes ahead in retirement. Resources & People Mentioned Investment News article on charitable giving Guyton’s Rules for Withdrawal Rates Guyton’s Guardrails are discussed in - Episode 181, Episode 153, Episode 149, Episode 93 Connect with Benjamin Brandt Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com/ Follow Ben on Twitter: https://twitter.com/retiremeasap Subscribe to the newsletter: https://retirementstartstodayradio.com/newsletter Subscribe to Retirement Starts Today on Apple Podcasts, Stitcher, TuneIn, Podbean, Player FM, iHeart, or Spotify

Today’s blockchain and cryptocurrency news Brought to you by OliveAI.com/careers Bitcoin is down slightly at $52,583 Ethereum is up slightly at $1932 and Binance Coin is up 1% at 269 Top gainers in the last 24 hours: Huobi Token up 21% Iota up 15% Neo up 15% Nvidia unveils new chip for Ethereum mining. Ebang raises $70M in a follow-up public offering. Bill Gates says he's "neutral" on Bitcoin. Fidelity Charitable received 28 million dollars in crypto donations in 2020.

How do we use the knowledge made available to us today, and transform the social sector to deliver social good more effectively?With the virus becoming the new normal, The New Paper reports that non-profit organisations here have seen a dip in the number of volunteers as more people grow wary of gathering in large groups due to the outbreak of the coronavirus.In fact, a study released by Fidelity Charitable, a nonprofit organization created by Fidelity Investments, found that two-thirds of all volunteers had either decreased or stopped their volunteering because of the pandemic. Volunteering has fallen sharply in the pandemic, creating an enormous financial burden on the nonprofit organizations that depended on the free assistance.How do we reinvent the volunteering space to adapt the new normal? What is the significance of volunteering in SEA and how do we further develop the state of volunteering using A.I.?To answer these questions, I speak to Janelle Lee, Co-Founder and Chief Product Officer, Bantu, for her expert insights.

Ed Shill, portfolio manager for the QCI Balanced Fund says in today's Market Call that he is feeling defensive about the market now, putting airbags on portfolios with more cash to insulate against a market he describes as overbought. He is looking into stocks that have been underbought, the names that have been suffering during the pandemic but that stand to benefit as the economy finally moves through the illness and starts to reopen more fully; that means airlines, travel companies and much more. In the Big Interview, however, Ed Confrancesco of International Assets Advisory goes the other way, suggesting that investors ride with the hot work-from-home kind of names that have led the market's rebound from March lows. Also on the show, Amy Pirozzolo of Fidelity Charitable discusses the pandemic's impact on volunteerism and charity, and Kyle Guske of New Constructs revisits some past Danger Zone picks that are no longer on the firm's 'most dangerous list,' some of which were big winners and others that defied gravity and logic. 

Join us and Elaine Martyn of Fidelity Charitable as we explore compassion and presence in the workplace; the need to slow down for ourselves and our teams; and how sometimes, during trying times like these, the best advice is to eat more soup.  

Does your nonprofit have a strategy for engaging Donor Advised fund donors? If you don’t, you’re not alone. Many nonprofits overlook this growing sector of givers. That’s why we teamed up with experts at Fidelity Charitable to bring you the third installment of this three-part series on Donor Advised Funds. In this episode, Amy Pirozzolo, head of donor and nonprofit engagement, lays out 6 ways to incorporate donor advised funds into your fundraising program.

After a short hiatus that we took in order to address the fundraising challenges surrounding COVID-19, we're diving back into our series on Donor Advised Funds with Fidelity Charitable! In this second installment, Karen Heald, vice president philanthropic strategist, unpacks how donors who prefer DAFs think, their typical giving behaviors, and how your nonprofit should approach these types of supporters

Editors Note: We originally broadcast this series before the COVID-19 pandemic demanded we shift our podcast episodes to address the unfolding crisis. Now we're proud to re-introduce this 3-part series in partnership with Fidelity Charitable. Donor Advised Funds are an increasingly popular giving method, but many nonprofits struggle to cultivate and steward donors who utilize these funds. We teamed up with Fidelity Charitable to create a three-part series breaking down what Donor Advise Funds are, the types of donors who prefer to give through them, and why your nonprofit should be engaging this subset of supporters. In this first episode, Elaine Martyn breaks down exactly what donor advised funds are, and why they are becoming more common in the giving landscape.

Amy Pirozzolo from Fidelity Charitable sat down with us to discuss Donor Advised Funds and how they provide stability at an unstable time. As a rapidly growing channel through which donors are choosing to give, this is an area of fundraising that nonprofits need to craft a strategy around — quickly. Visit Pursuant.com/covid-19 for more free resources on this topic.

The following is a conversation between Pam Norley, President of Fidelity Charitable, and Denver Frederick, the host of The Business of Giving. In this interview, Pam Norley, President of Fidelity Charitable, shares the following: • A framework to think about your Giving to fight this pandemic. • DAF's are proving to be Rainy Day Funds and are providing vital capital reserve in communities all across the United States. • The series of Webinars they're sponsoring to inform Donors

Donor Advised Funds are an increasingly popular giving method, but many nonprofits struggle to cultivate and steward donors who utilize these funds. We teamed up with Fidelity Charitable to create a three-part series breaking down what Donor Advise Funds are, the types of donors who prefer to give through them, and why your nonprofit should be engaging this subset of supporters. In this first episode, Elaine Martyn breaks down exactly what donor advised funds are, and why they are becoming more common in the giving landscape. Get the free resource discussed in this episode here: https://page.pursuant.com/podcast-resources/

In 2020, we’re focused on giving back to our communities and donating time and resources to the causes that we care about the most. In this episode, we’re joined by one of our associates in Fidelity Charitable to help demystify philanthropy for us, talk about her personal experiences with charitable giving and making an impact.

In 2020, we're focused on giving back to our communities and donating time and resources to the causes that we care about the most. In this episode, we're joined by one of our associates in Fidelity Charitable to help demystify philanthropy for us, talk about her personal experiences with charitable giving and making an impact.

In 2020, we’re focused on giving back to our communities and donating time and resources to the causes that we care about the most. In this episode, we’re joined by one of our associates in Fidelity Charitable to help demystify philanthropy for us, talk about her personal experiences with charitable giving and making an impact.

What are some ways you can get involved in charitable giving while maintaining a busy work and home schedule? Lisa talks with Harrison Miller, CAP®, Vice President, Charitable Planning Consultant at Fidelity Charitable and Marissa Greider, Senior Director of Major and Planned Gifts at Atlanta Ronald McDonald House Charities.

CEO of Giving Compass, Stephanie Gillis, joins Alberto Lidji to discuss how combining philanthropy and technology can help a broad audience learn, connect and take action.   Giving Compass is a philanthropy knowledge hub.  Its origins were driven to a great extent by Jeff and Tricia Raikes – two early Microsoft employees who were fortunate to accumulate considerable wealth.  As Jeff and Tricia were exploring how best to give away their wealth, they realised there was a lot to learn about philanthropy.   Jeff subsequently became CEO of the Bill & Melinda Gates Foundation (2008-2014) – a period which Stephanie light-heartedly describes as Jeff getting his PhD in philanthropy.    As they embarked on their own philanthropic journey, they noticed many people were approaching them for advice.  However, they realised that this approach was not scalable and that maybe there was an unmet need for philanthropy expertise and content to be disseminated through innovative technology.   As they were researching what such a solution could look like, they interviewed nearly 200 individual donors and they realised that many people simply didn’t know where to go for philanthropy information and, when they did find some information, they didn’t know whether that information could be trusted.   Giving Compass was essentially a content aggregator in its early stages.  Today, it’s a website that aggregates and curates high quality content for donors who want to give with impact; it’s also a community of people who care about leaning into their giving and learning and growing as donors. Information-sharing happens in all forms, from Giving Compass disseminating outward, to their incorporating third party information, to encouraging bilateral and multilateral knowledge-sharing among donors and networks.   They set out to blend the best of technology with the knowledge of philanthropy, and to support donors on their journey – helping individuals learn, connect and take action   Giving Compass users tend to be people who spend a lot of time trying to learn and improve how they go about philanthropy.  Giving Compass works mainly with individuals but, also, works with staff at family offices and others who are trying to support donors.   While their presence has traditionally been US-based, they are increasingly building significant audiences outside the US, which now includes the UK, India, Canada and the Philippines, for instance.   When asked about what exactly ‘impact’ is, Stephanie recognises the word can take on many different meanings and definitions. She notes that they used to say that impact is in the eye of the beholder.   For Stephanie, much has to do with the ‘how’ and the best practices of how people give.  She believes it’s important to approach philanthropy with humility and with a beginner’s mind. Collaborating and working with others matters, too. Indeed, one should never stop learning – giving is a journey and philanthropy is a joy.   The team at Giving Compass is growing. They initially started with just 4 staff; then 6; now 10. This growth trend continues.  Stephanie is heartened by the fact the team has experts from both the philanthropy and technology sectors.    Besides their philanthropy expertise, the technology side matters. Indeed, in terms of exciting initiatives, Stephanie is keen to note the significant opportunities to personalise and customise according to individual users’ thematic areas of interest and degrees of philanthropic sophistication.    They’re creating a knowledge hub and aim to ensure information is targeted and delivered intelligently – they’ve already aggregated over 25,000 pieces of content.   At Giving Compass, they want to help users learn, connect and take action. They aim to achieve this through the provision of a multi-faceted offering where information flows are multi-directional, where users’ engagement can take many different forms, and where partners engage in diverse ways, too.   Users can learn from each other and, equally, they can avail themselves of Giving Compass’ content to identify issue funds, intermediaries, collaboratives – diverse platforms helping donors enhance how they give, and facilitating giving through innovative channels.   Even for someone who has never been involved in philanthropy, Stephanie mentions that subscribing to their newsletter is a useful exercise. It’s a first step to finding out about different causes and gradually home in on what resonates most to a particular individual.   While Stephanie referenced some of their existing partnerships – such as Fidelity Charitable, Stanford Center for Philanthropy and Civil Society and the UN Foundation – she encourages potential partners to get in touch and underscores the point that there are many different ways for partnering up.   Stephanie’s key takeaway: Giving with impact can happen regardless of how much you’re giving – it’s a mindset and it doesn’t have to feel daunting.  There are a lot of networks and resources out there that can help you. It’s up to you to take the initiative!   Visit Lidji.org for guest bios, useful links and episode notes. Please subscribe and share if you enjoy the podcast – thank you!  

The National Philanthropic Trust calls donor-advised funds the most popular method of charitable giving—nearly a half-million accounts hold $110 billion in assets. Now a court fight between a wealthy family and a fund to which they donated stock may offer a look into how these funds work. Universities and community foundations run their own charitable funds, but big-name investment managers like JP Morgan, Vanguard, and Fidelity operate them, too. They often convert complex donations—art, stock, or cryptocurrency, for example—into cash that can be given to charities over a period of years, often with tax advantages. The Fairbairns sued Fidelity Charitable, saying the fund violated contract law by promising a sophisticated liquidation and then selling their donated stock too quickly. That caused the value of the stock to plunge, lowering the value of their $100 million donation and the tax deduction they had hoped to receive along with it. Ohio State University professor Brian Mittendorf has been researching donor-advised funds. He spoke with Bloomberg Tax reporter Aysha Bagchi about the Fairbairn case and the tax and policy ramifications of these funds. Listen and subscribe to Talking Tax from your mobile device: Via Apple Podcasts | Via Stitcher | Via Overcast | Via Spotify  

Founding Executive Director of the Center for High Impact Philanthropy, Kat Rosqueta, joins Alberto Lidji to discuss social impact, strengthening democracy through philanthropy and knowledge sharing in philanthropy.   Kat speaks passionately about the power of philanthropy and notes that high impact philanthropy is not about how much you give but, rather, it’s about how you give.    She sheds light on her career trajectory and the origins of the Center for High Impact Philanthropy, at the University of Pennsylvania’s School of Social Policy & Practice.    Her team at the Center is highly multi-disciplinary, which Kat notes is essential.  You need the best thinking from diverse actors and disciplines to improve and change the world.   At the Center, they focus on different thematic areas. An interesting – and highly topical – area of research they’re currently pursuing looks at how philanthropy can strengthen democracy.   At the Center, they decide which thematic areas to focus on by determining whether there’s a high potential for social impact; whether they have the funding; whether they think they can quickly assemble a team that can generate answers quickly and well; and whether there is clear funder interest globally for such research.    She adds that it’s essential to have clarity of thought on what, exactly, is the social impact goal you’re trying to achieve; ensuring decisions are informed by the best available evidence out there (both academic and practical); embracing an attitude of learning, measuring and managing progress; and ensuring there is value for money.   The Center is keen to provide guidance on philanthropy to a wide audience and to ensure research can be accessed freely, across diverse platforms. They publish the ‘High Impact Giving Guide’, which provides tips, examples and useful resources for donors.   Moreover, the Center has partnerships with the likes of Fidelity Charitable – the largest Donor Advised Fund (DAF) – who mirror some of the Center’s guidance on giving, and also with Giving Compass, who add some of the Center’s guidance content on their own website.    Kat is clear that one can be a philanthropist without having to be a high-net-worth individual (HNWI). She lightheartedly distinguishes between ‘high input’ philanthropy where you do need a lot of money and ‘high impact’ philanthropy where it’s not about how much you give but, rather, how you give.   Kat also introduces the concept of a ‘social impact portfolio’, which is a useful way for individuals to balance out how much they may want to give philanthropically, or allocate towards impact investing or, indeed, spend by making sustainable purchasing decisions through conscious consumerism.   The conversation then moves into a policy exploration on philanthropy itself; its accountability (or lack thereof); its freedom to take on risk; its track record and ability to tackle social issues where for some reason neither government nor the business sector have mobilised.   An interesting point to keep in mind is that the pools of philanthropic funds available globally are still relatively small – despite all the media coverage on the topic. Kat notes that even the Gates Foundation’s endowment – the largest foundation out there – wouldn’t be able to pay for two years’ worth of public education in even one state alone, in the USA.    Kat’s key takeaway for listeners: now, more than ever, any individual can practice high impact philanthropy. High impact philanthropy is not about how much you give but, rather, it’s about how you give. If you’re unsure of where to start your philanthropic journey, you should simply just start and take the first step. Use the wealth of resources available at the Center and elsewhere that are publicly available and get excited about the impact you can make over a lifetime.   Full episode notes, guest bios and useful links are available at Lidji.org  - Please subscribe to the podcast if you enjoy it. Thank you!

We begin with a disturbing revelation about Chad’s private life. Yes, it’s true, he owns an essential oil diffuser. Please don’t judge. Billionaires in the News this week is a response to the NYT asking most of the Democratic presidential candidates whether they thought “anyone deserves to have a billion dollars.” It’s not a great question to begin with. It points the candidates toward making a moral judgment about what individuals “deserve” and away from a critique of the ways that wealth concentration promotes social forces that are incompatible with democracy. Our first billionaire is Edward “Ned” Johnson III. His daughter Abigail is also on our list, so we covered her too. Ned’s father started Fidelity Investments, the largest provider of retirement investment accounts in the US. There’s a lot one could say about Fidelity, but Chad focuses in on Donor-Advised Funds (DAFs). DAFs are vehicles for charitable giving. Fidelity started the whole DAF game, and it turns out (surprise!) that they are ripe for abuse and misuse. Fidelity Charitable recently became the largest recipient of charitable contributions in the US, surpassing the United Way. However, there is no evidence that DAFs actually increase the overall amount of charitable donations. They introduce a disincentive to give out money, they are able to be used by the super-wealthy to avoid taxes, and they allow people to anonymize their giving to hide donations to hate groups and “think tanks.” Very bad stuff. Joe introduces us to Maggie Knox (formerly Maggie Magerko), the heiress to the 84 Lumber fortune. This segment is a journey through three short films. First, we discuss 84 Lumber’s baffling 2017 Super Bowl ad that…tries to say something about immigration and walls? I’m not sure we ever get to the bottom of it. Then, we watch a terrifying ad for the family fun resort / tactical assault training camp at Nemacolin Woodlands. Last, we discuss Maggie Knox’s son PJ’s short film Beyond the Back Yard. I…can’t really describe it…you’ll have to see for yourself (links to all of these below). 84 Lumber Super Bowl ad: https://youtu.be/nPo2B-vjZ28 Nemacolin Woodlands: https://youtu.be/N9DujLpyRSU Beyond the Back Yard: http://beyondthebackyardfilm.com/ Candidates on billionaires in NYT interviews: https://www.nytimes.com/interactive/2019/us/politics/billionaires-democratic-candidates.html NYT exposé on DAFs: https://www.nytimes.com/2018/08/03/business/donor-advised-funds-tech-tax.html

Christopher Reichert, MOT '04, sits down with Kristen Robinson Darcy, EMBA '13, who is currently the SVP Service and Marketing at Fidelity Charitable, and discussed taking time to understand the behavior of individuals and what matters to individuals in business.Support the show (https://giving.mit.edu/sloan/)

Purpose matters, particularly to younger generations. In a recent survey of millennials by Deloitte, almost 87% of them said: The success of business should be measured in terms of more than just its financial performance, and when asked what the primary purpose of businesses should be - 63% more of them said improving society than said generating profit. Younger generations are putting their money where their beliefs are. In its report “Impact Investing: at a Tipping Point? ” independent public charity, Fidelity Charitable found in its survey of affluent philanthropic individuals that 77% of millennials and 72% of Gen-Xers have made some sort of impact investments, that means in companies deemed socially responsible. Doing good has become a global movement. Philanthropy expert Pamela Norley and Corporate Social Responsibility consultant Toby Usnik describe the new civic age. WEALTHTRACK #1536 broadcast on February 22, 2019. --- Support this podcast: https://anchor.fm/wealthtrack/support

As community professionals, we have more tools than ever to help us do our jobs. That said, the qualities that make an online community and an online community professional successful are likely largely the same today as they were 10, 20, or even 30 years ago. This episode of Community Signal focuses on those exact qualities and opportunities to delight. If you’re applying for a job in community, Patrick and our guest, Angela Connor, have some tips on standing out [00:30:13]: Point to specific communities that you’ve worked in If you don’t have direct experience in community, start one! Skills from other fields translate, but you should still be eager to learn and grow And if you’ve been working in community for a while, but are looking to refresh (or rewind) your approach, Patrick and Angela suggest [00:37:48 and throughout]: Revisiting how you talk to your community Leaving room in macros and canned responses for customization Approaching each conversation as an opportunity to invite in new community members Visiting outside communities where your members might be talking about you In addition to these qualities and skills, Angela also surfaces the topic of knowing her worth and the value of the communications skills that she brings to the table. This worth translates to a certain salary, but as with all roles, it also requires internal buy-in and the right resources to make sure you can get the job done. There are many companies that think they can’t afford someone at this skill level, but that doesn’t mean they don’t need someone at this skill level. Our Podcast is Made Possible By… If you enjoy our show, please know that it’s only possible with the generous support of our sponsor: Higher Logic. Big Quotes On the value of community management skills: “[When it comes to hiring community professionals,] there’s a fine line between what [companies] can afford and want to afford. … It’s not very difficult for me to step into a social media crisis and help a client, figure out what to say and what to do because I understand social communications. I understand how you talk to people online and then the digital space. I don’t think that people really understand that that’s a unique value proposition.” –@communitygirl On the importance of effort and personalization: “[With community management,] you get what you give. If you are mediocre, then you get mediocre results. If you do the same thing over and over again, [deliver] the same canned responses [without] nuance. It’s what you get if you see community management as something that can be automated. If you think that an algorithm can do all that for you without a human touch, then what you get is poor comments and a poor community and you don’t get anything out of it. Meaning, you don’t get to lift anything out of that section and bring it into other things that you were doing.” –@patrickokeefe About Angela Connor Since 2010, Angela Connor has been the driving force behind the success of marketing and community managers, directors of social media and digital directors at companies of all sizes and across many industries including Blue Cross and Blue Shield of North Carolina, Deloitte, South State Bank, Duke Energy, UNC Health Care, Fidelity Charitable, Carolina Biological Supply Company and many more. Angela mastered the ugliness of internet and community trolls as the managing editor of user-generated content at the top news outlet in North Carolina – WRAL.com. She grew their first online community from zero to 14,000 members and chronicled that experience in her 2009 book, 18 Rules of Community Engagement. Angela recently founded Change Agent Communications, which serves companies looking to reach audiences in new ways, capitalize on an emerging trend, head down a different path strategically, reimagine their business model or reinvent themselves. Related Links Sponsor: Higher Logic, the community platform for community managers Angela Connor on Twitter Angela on LinkedIn Angela’s website WRAL.com Change Agent Communications The Social Rewind 18 Rules of Community Engagement Maria Ogneva, director of online customer experience and community at FinancialForce, on Community Signal Patrick’s post on Donald Trump’s threat to section 230 of the Communications Decency Act Section 230 of the Communications Decency Act Jay Rosen, journalism professor at NYU, on Community Signal Goodbye, GOLO; Hello, SHARE Angela mentions Goodreads, CafeMom, Nextdoor, and myFICO Forums as thriving communities Hug Your Haters by Jay Baer Niche communities are still popular Venessa Paech, co-founder of Australian Community Managers, on Community Signal Howard Rheingold, writer and early member of the WELL, on Community Signal Transcript View transcript on our website Your Thoughts If you have any thoughts on this episode that you’d like to share, please leave me a comment, send me an email or a tweet. If you enjoy the show, we would be so grateful if you spread the word and supported Community Signal on Patreon.

sources of stories from today: https://www.one-tab.com/page/4RfPv7UnTP2W88gy1fwpbQ ↓↓↓timestamps↓↓↓ 2:49 - Security: Lazarus Rises Again with Aggressive Bitcoin-Stealing Campaign 5:21 - Security: Zero-day vulnerability in Telegram 7:52 - Dubai: Gold Trading Company Launches ‘World's First' Cold Storage Vault For Crypto 10:49 - Let There Be Lite – Litecoin ‘Game Changer' LitePay to be Released February 26 12:50 - Viewer Question: Do forks with huge airdrops like $BCH dilute the wealth in crypto? 14:19 - Ripple Partners With Saudi Arabian Monetary Authority To Offer Pilot Program For Banks 20:53 - South Africa's Central Bank Eyes JPMorgan Blockchain Tech 26:54 - CFTC Creates Subcommittees On Distributed Ledger Technology And Virtual Currencies 29:14 - Bitcoin Luges Its Way Into Winter Olympics 32:22 - Salon Offers Readers Choice Between Ads and Mining Monero 34:57 - Crypto Is Now Fastest Growing Donation for Fidelity Charitable 36:26 - Bitcoin market talk If you want more, connect with us online at the following places: Website: https://krbecrypto.com/ Shop: https://shopkrbecrypto.com/ Services: https://krbecrypto.com/services/ About Us: https://krbecrypto.com/about/ Subscribe to our YouTube: https://www.youtube.com/krbecrypto KRBE Twitter: https://twitter.com/krbecrypto KRBE Facebook: https://www.facebook.com/krbecrypto/ KRBE Instagram: https://www.instagram.com/krbecrypto/ King Twitter: https://twitter.com/KingBlessDotCom Bitcoin Zay Twitter: https://twitter.com/bitcoinzay Business Inquiries: krbe@krbecrypto.com   Donations Welcome: Bitcoin: 1NTnWaGowHEh9VRWMXWTiqWpQT9vjP5Ukd Litecoin: LSc2bEAMEbGSHKx54GUt4xi1eZQqtscv8i   Thanks for listening and remember to subscribe for daily content where we give away free Bitcoin!

Anticipation of tax reform is affecting charitable giving. Consequences, strategies & overcoming barriers.   The latest from Fidelity Charitable’s Pamela Norley. WEALTHTRACK #1424 published on December 01, 2017. --- Support this podcast: https://anchor.fm/wealthtrack/support

Elaine Martyn from Fidelity Charitable explains how donor advised funds can help others and reduce your 2017 taxes. Retirement jitters, a retirement crisis, and 7 ways to teach your kids the value of saving for retirement to help them avoid both the jitters and the crisis. Plus, is there any way to undo rolling a 401(k) into a 403(b) annuity? And can Joe explain why a 60/40 mix of stocks and bonds isn’t necessarily the best way to go - without snapping?

In the aftermath of natural disasters at home and abroad, Elaine Martyn from Fidelity Charitable explains how donor-advised funds can make for tax efficient, high impact giving. Plus, how to protect yourself from identity theft following the Equifax security breach, financial tips for the five stages of your relationship, soap opera estate planning, Joe and Big Al’s beer tastes, and biker fashion.

"Its not how much we give but how much love we put into giving."-- Mother Teresa DEFINITION of 'Charitable Donation' A gift made by an individual or an organization to a nonprofit organization, charity or private foundation. Charitable donations are commonly in the form of cash, but can also take the form of real estate, motor vehicles, appreciated securities, clothing and other assets or services. We were joined today by Jeff Gerold who is a Vice President and Charitable Planning Consultant with Fidelity Charitable. Jeff Geroldis a vice president and charitable planning consultant for Fidelity Charitable®, an independent public charity with a donor-advised fund program. In his current role, Mr. Gerold is a resource on charitable planning for advisors and their clients in Texas, Oklahoma, Arkansas and Louisiana. He helps advisors understand and stay abreast of charitable planning strategies and ways to incorporate charitable giving into overall financial and wealth management plans. Prior to joining Fidelity Charitable in 2007, Mr. Gerold spent three years at Fidelity Investments Life Insurance Company. He began his career at Fidelity Investments in 1998. Mr. Gerold is a graduate of the University of North Texas and a Certified Financial Planner® (CFP). He has participated in charity events sponsored by A Little Helping Hand, a nonprofit organization working to better children's lives. About Fidelity Charitable Fidelity Charitable is an independent public charity that has helped donors support more than 190,000 nonprofit organizations with nearly $19 billion in grants. Established in 1991, Fidelity Charitable launched the first national donor-advised fund program. The mission of the organization is to further the American tradition of philanthropy by providing programs that make charitable giving simple and effective. For more information about Fidelity Charitable, visit http://www.fidelitycharitable.org.   Personal Finance Cheat Sheet Article: http://www.cheatsheet.com/personal-finance/how-schools-can-improve-their-personal-finance-education.html/ You can listen live by going to www.kpft.org and clicking on the HD3 tab. You can also listen to this episode and others by podcast at: http://directory.libsyn.com/shows/view/id/moneymatters or www.moneymatterspodcast.com ‪#‎kpft‬ ‪