Scott Storick on The Next Generation Revolutionizing Giving

Philanthropists donating money has been around for quite some time. That being said, according to some, the way that money is being donated by philanthropists is beginning to change. There are, of course, questions that naturally arise out of this statement. Why is giving being revolutionized in the first place, and how exactly is it being revolutionized? Below are some answers to these questions that will help illuminate how next generation donors will revolutionize giving.

Why is Giving Being Changed?

According to Bruce DeBoskey's article in the Denver Post on the book “Generation Impact: How Next Gen Donors Are Revolutionizing Giving,” written by Sharna Goldseker and Michael Moody, one reason as to why charity work is being revolutionized is that this new generation of givers recognizes the urgency of the demands of the world around them. This is not limited to societal needs such as poverty or civil rights, but also includes environmental needs and issues. Because of the felt urgency of these needs, according to the article, the next generation of donors want to act now, rather then waiting until they are older to be involved in philanthropic pursuits. Thus, a sense of urgency seems to be one of the factors that is driving younger donors to be involved now.

How is Giving Being Changed?

This is an important question in many ways. According to the same article linked above, there are a variety of ways that landscape of philanthropy is changing. One of the reasons for this is how inter-connected society is due to the Internet. Thus, the next generation of givers are leveraging their networks in order to help. According to the article, younger donors want to go beyond just giving money in helping organizations. They are looking to invest their time and connections into endeavors. They are also looking to invest beyond simple grants and are using things like crowdfundng, impact investing and advocacy to give. According to the article, the types of movements they are giving to are changing as well, with more focus on civil rights and environmental issues, among others.

As can be seen, how giving is being done is changing. The urgency of the needs presented in the world is pushing the next generation of givers to be involved now rather then later. This next generation is going beyond the traditional methods of giving, as well as looking into different issues to help fund. How these changes will effect society will be seen in the coming years.

Scott Storick is currently working as a Financial Representative at Storick & Associates in Boca Raton, Florida. Outside of work, Scott is highly involved in philanthropy and is constantly striving to find new ways that he can benefit his community. Scott Storick believes in the power of people coming together to effect change, so he's always trying to help others in his neighboring areas throughout South Florida get involved. He also enjoys food and particularly loves trying the new and delicious meals he can find in South Florida, one of the Foodie capitals in the United States. On top of his love for food, Scott also has a passion for wine and likes visiting some of the many wineries that Florida has to offer on his time off. For more about Scott Storick and his interests, check him out online or visit his website!