Last month I blogged about three graduate students at Rutgers University that made a life-long pledge to give a significant portion of their incomes to those less fortunate. A common response I got to the post was similar to what the three themselves have heard: “How admirable. But I wonder how long they’ll maintain that pledge once they start having families and facing the everyday responsibilities of a mortgage and car payments? But must these commitments be mutually exclusive? Can’t one still give generously without negatively impacting one’s lifestyle? There are those that would answer a resounding “no” to the first question and “yes” to the second.
After posting that last blog, I heard back almost immediately from a colleague, Dr. Donna Goldstein. She wanted to share what she does to make a difference in others’ lives that take little more from her than her time. One idea she presented is that when she goes to the grocery store she takes liberal advantage of the frequent two for one offers, even though she rarely needs the second item. She keeps the one she needs and donates the second to her local food bank. She also haunts the second-hand stores, often finding just the perfect item for her wardrobe or home. She takes the money she saves by not buying new and donates it. On top of the good feeling she gets from that, she enjoys the pleasure of the hunt.
My brother, Dr. Larry Temkin, is a Professor II in the Philosophy Department at Rutgers. A moral philosopher internationally recognized for his work on inequality, he lectures on this topic regularly. He tells his students that while some, like Donna, may actually prefer finding something unique at the second-hand store, they can still buy new and make philanthropic contributions, all without necessarily affecting their desired lifestyle. As an example he might suggest that perhaps they have been lusting over a special pair of jeans that cost $150. They are going to buy the jeans, but they just haven’t gotten around to it. Then one day, the jeans go on sale. They pick them up for half off. They were perfectly willing to buy the jeans at $150, but only had to spend $75. They could take the $75 they saved and donate that to charity without taking a dime from the pocket they know they should be designating for charitable giving.
On a smaller scale – that does add up – they can become coupon shoppers. Fifty cents here, two dollars there… If they put aside their savings, in short order they will have a full piggy-bank to share with someone less fortunate. Again, it’s all out of money they have mentally already spent, so it seems less onerous than having to come up with “extra” money that they can donate. And, of course, if they are among those that empties the change from their pockets each night and throws it into a can to sit for years and years, they have a ready source of cash that will never be missed.
I’d love to hear your suggestions for painless giving.
Showing posts with label saving money. Show all posts
Showing posts with label saving money. Show all posts
Saturday, January 29, 2011
Monday, December 7, 2009
Reducing Organization Clutter

Do you have 97 t-shirts from last year’s walk-a-thon in your attic? Or, 223 cookbooks that a past fundraising committee insisted would fly off the shelves, but now gather dust in your office? How about those 2,712 planned giving brochures you bought because of the volume discount?
Does your organization use clutter to avoid reality?
Brooks Palmer new book, Clutter Busting, while aimed at individuals, can help your organization shed items, like these, in the way of making progress toward achieving your mission.
Labels:
effectiveness,
innovation,
Karen Eber Davis,
saving money,
saving time,
vision
Monday, October 19, 2009
Nonprofit What If: Back Office Consolidation
Last spring, the Lodestar Foundation announced the semi-finalist for the Collaboration Prize. This new award is designed to inspire cooperation among nonprofits. From over 600 nominations, the semi-finalist included the Chattanooga Museums Collaboration. The Collaboration formed as a result of three Chattanooga museums successfully consolidating their human resources, technology, finance, marketing and retail operations to function more effectively and efficiently. Prior to the consolidation, two of the partners, the Creative Discovery Museum and the Hunter Museum of American Art lacked the capacity to fund their own administration. On the other hand, the Tennessee Aquarium possessed excess capacity. In the collaboration, the Aquarium provides a fee-based services to the two other museums, saving the Creative Discovery Museum and the Hunter Museum over $1.5 million each annually, plus creating a yearly $1.1 million revenue stream for the Aquarium.
This example provides us another opportunity to play another round of Nonprofit What If. Remember the rules of >Nonprofit What If? Take a successful concept used elsewhere and consider how you can apply it at your nonprofit for fun, profit and mission enhancement. Consider the benefits. If you are inspired, find others using the model to learn more.
This example provides us another opportunity to play another round of Nonprofit What If. Remember the rules of >Nonprofit What If? Take a successful concept used elsewhere and consider how you can apply it at your nonprofit for fun, profit and mission enhancement. Consider the benefits. If you are inspired, find others using the model to learn more.
Round #3: What if you worked with one or two other nonprofits to consolidate your back office procedures?
Benefits:
- You will do more with less resources
- Collectively, you can hire one expert to staff each function and less expensive personnel to support them (instead of each organization hiring a semi-expert)
- Economies of scale provide additional cost savings
- Staff members focus on what they do best, instead of performing scattered tasks in cross-functional areas
- Donors love collaboration
- Opportunity for positive media exposure
- Once you work together, new program collaborative opportunities will become visible
Intrigued? Want to explore the concept further? Google these Chattanooga organizations to check out their “back office consolidation models.” And check out articles on our website www.kedconsult.com about developing partnerships under Articles and Resources and then Team Building.
Tuesday, October 13, 2009
Shopping Update
This month I’ve added a new article to my website, called More than Money Shopping: Get the Correct Price. It’s designed to help you develop budgets. I already have the following updates for the article:
Under Real Estate: I recommended a site called Zillow. Yesterday, Terri Thacker (Realtor with Michael Saunders Sarasota) shared that Zillow’s pricing of the property’s market value is considered accurate by plus or minus 6 percent. To be conservative, adjust your budget up or down by this amount.
Add to Discount Opportunities: From a recent podcast, I learned about Grassroots.org. Grassroots.org provides nonprofit organizations with free valuable technologies and resources to increase their efficiency and productivity, i.e., website development.
Under Real Estate: I recommended a site called Zillow. Yesterday, Terri Thacker (Realtor with Michael Saunders Sarasota) shared that Zillow’s pricing of the property’s market value is considered accurate by plus or minus 6 percent. To be conservative, adjust your budget up or down by this amount.
Add to Discount Opportunities: From a recent podcast, I learned about Grassroots.org. Grassroots.org provides nonprofit organizations with free valuable technologies and resources to increase their efficiency and productivity, i.e., website development.
Tuesday, May 12, 2009
Tell Me What’s Good About Tough Times: #2, Savings Because We Looked
This morning the local newspaper was published 1.5 inches smaller –with the same news. Last month, instead of it all being tossed each week, the bulletin for Sunday worship was re-organized into two parts: half to reuse for the liturgical season and half to recycle with the day’s event. And this quarter, a client’s newsletter is being produced in-house at a cost savings of over 75 cents per page.
After this, when we find economic good times once again, we’ll keep some of these savings and continue to use them for services that improve peoples lives. Many organizations in many ways are finding ways to save money because the times require it. The essence of our work doesn’t always take lots and lots of resources, but lots of creative ideas combined with the right resources. Success is trying them out and keeping the best. Where are you finding savings now—that you will continue?
After this, when we find economic good times once again, we’ll keep some of these savings and continue to use them for services that improve peoples lives. Many organizations in many ways are finding ways to save money because the times require it. The essence of our work doesn’t always take lots and lots of resources, but lots of creative ideas combined with the right resources. Success is trying them out and keeping the best. Where are you finding savings now—that you will continue?
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