Who should attend
The Advising for Impact program is designed to lay the foundation for professionals seeking to incorporate social and philanthropic impact into their wealth advising practice. Program participants should manage client resources and serve in a strategic advisory capacity to their clients. Wealth advisors, staff at family offices, and philanthropic services professionals at private banks are examples of the types of professionals for whom this program has been designed.
About the course
Delivered in a convenient online format, this program teaches the fundamental principles of high impact philanthropy and how you can support your clients’ aspirations to achieve greater social impact. The curriculum is designed around the core components of CHIP’s Funder Education Program, adapted for those who are in an advisory role.
- Strengthen your knowledge and confidence to advise client families and Next-Gen members on their giving goals and strategies.
- Gain tools to help clients clarify their philanthropic identity, values, and vision to drive their social impact decision-making.
- Understand philanthropic and impact investing vehicles and how to help clients build a philanthropic portfolio that better deploys resources for their social impact goals.
- Distinguish your practice with meaningful high impact philanthropic advising skills taught by an Ivy League university.
- Create meaningful and measurable impact for your clients by using a high impact advising lens to lead clients to the most impactful funding opportunities.
SOCIAL IMPACT AND THE WEALTH ADVISOR
What factors influence clients’ philanthropic goals and how do these goals intersect with personal and financial goals. To ensure advisors are prepared to support clients in their philanthropic goals, we will cover what every advisor needs to know about the current language and structure of the nonprofit and philanthropic ecosystems in the U.S., the largest nonprofit and philanthropic systems in the world. Through case examples and tools developed through the Center for High Impact Philanthropy’s Funder Education Program and Talent for Giving, participants will leave the kickoff better prepared for early conversations to support each client’s unique path to greater social impact.
MOTIVATIONS FOR PHILANTHROPY
What makes a person give, anyway? Beyond legal and tax considerations, donors actually choose to be philanthropic for a variety of reasons. This session examines motivations for giving and the values that inform those motivations. Participants will learn about the most common giving profiles and tools such as a ‘giving inventory’ that can help engage clients in discussing their past motivations and begin clarifying their future philanthropic goals.
FACTORS THAT SHAPE GIVING
As the saying goes, no man is an island, and philanthropy is shaped by a number of factors beyond the individual motivations explored in the previous module. Family dynamics and the intergenerational transfer of wealth are powerful forces influencing philanthropy in our time. In addition, overlooked ethical implications and new philanthropic structures shape how principals choose to give. Participants will examine these factors and evaluate how each influences their clients’ philanthropic decision-making.
PATHS TO IMPACT
Who doesn’t want to generate “high impact”? But what does “high impact” in the context of philanthropy really mean? And how do you apply the principles of high impact philanthropy to the diversity of causes and interests clients may have? This module builds on the Center for High Impact Philanthropy’s 13 years of applied research and teaching on how to achieve greater social impact. Participants will learn CHIP’s definition of high impact philanthropy and common myths regarding achieving high impact. We will explore how a variety of program models and opportunities to give can fit into a high impact philanthropic portfolio. Most importantly, we will discuss the ways advisors can support the creation of such portfolios.
IMPACT PERFORMANCE MEASURES
How can you and your clients assess the performance of their philanthropic and social impact activities? Program evaluation is a powerful tool for gaining insight into needs, improving programs, and demonstrating impact. But much like work towards achieving financial goals, in order to reap these benefits, you need to know what you want and how to get it from your performance assessment activities. What is the difference between monitoring and evaluation? Is establishing metrics the only way to get actionable data? When is the right time to start evaluating? This session of the course will equip participants with a high-level framework to support clients’ philanthropic goals.
PREPARING TO APPLY WHAT YOU’VE LEARNED
Helping clients apply the principles of high impact philanthropy is new territory for many advisors. As with any new endeavor, participants will face challenges as they introduce social impact considerations into the work of supporting their clients’ philanthropic goals. By encouraging participants to define success on their own terms, this session will help mitigate the anxiety of trying something new. We will identify common pitfalls, share best-practice solutions, and generate suggestions from peer participants to begin building a community of practice beyond the formal conclusion of the program.
Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.
We are happy to help you find a suitable online alternative.