SRQ MEDIA hosted the SB2: Transformation in Philanthropy at the Hyatt Regency Sarasota on Thursday, July 25, 2019. The SB2: Transformation in Philanthropy luncheon and panel discussion explored new practices that are changing the face of the nonprofit world through innovative approaches, strategic mission development and groundbreaking initiatives that strengthen impact.
Above: Debbie Devito, Director of Sales and Marketing, Hyatt Regency Sarasota, Series Host Sponsor.
Above: Heidi Brown, CEO and President of Season Sponsor JFCS.
Above: Event Sponsor, CoolToday Video Presentation
SB2: Transformation in Philanthropy began with a welcome from SB2 Series Sponsors Debbie Devito of the Hyatt Regency Sarasota and Heidi Brown, President and CEO of JFCS of the Suncoast as well as an opening video courtesy of SB2 Event Sponsor, Cool Today.
SRQ MEDIA was pleased to introduce the SB2: Transformation in Philanthropy panel: David Moore, Founder and President of Moore Strategic Consulting; Sabeen Perwaiz, Executive Director of the Florida Nonprofit Alliance and Lilly Weinberg, Program Director of Community and National Initiatives for the Knight Foundation.
Moderated by SRQ MEDIA Executive Publisher and Vice-President, Wes Roberts, the SB2: Transformation in Philanthropy panel explored how nonprofits can maximize their capacity to realize their mission. David Moore voiced concern that nonprofits often underinvest in themselves. “This sector is under-resourced,” David Moore explained, “The folks who are doing the most for us are actually paying themselves the least, and it’s actually a really serious capacity problem.”
“We forget that nonprofits are also businesses in the sense that they have overhead expenses,” noted Sabeen Perwaiz. The panel explained that overhead is always determined by each nonprofit’s unique budget and the typical percentage allotted for operational overhead ranges between 10 and 20% of an organization’s overall budget.
The group also discussed strategies for creating an effective and diverse board of directors. The panel suggested that nonprofits search for board members who can bring different skill sets to an organization. Lilly Weinberg stressed the importance of choosing the right board members. “You must be extra intentional about who you invite to your board,” said Weinberg. “A good measure of board diversity is: Does my board look like my own community.” Dave Moore added, “Board members must always be in love with your organization.”
As the conversation continued, the SB2 panelists addressed how to catalyze donor engagement in an evolving market and also discussed regional challenges faced by nonprofits in the Sarasota-Bradenton area.
David Moore urged that, “The role of the donor is not just to give money. They should bring capacity, knowledge and energy to an organization.” Engagement with donors and building trust is key. Perwaiz, Weinberg and Moore also emphasized the importance of building community relationships, collaboration, and advocacy.
“As an advocacy based organization, it’s baffling to me how reluctant and resistant nonprofits are to advocate, which is absolutely their right on issues that are important to the work that they’re doing,” said Perwaiz. “They are the experts in their local communities and they don’t leverage that voice enough.”
SRQ MEDIA extends to thanks the SB2: Transformation in Philanthropy panel for the constructive, thoughtful conversation.
Thank you to the SB2: Transformation in Philanthropy event sponsor CoolToday and to the 2019-2020 SB2 Series sponsors: Merrill Lynch Mariash Lowther Wealth Management, JFCS of the Suncoast, The Hyatt Regency Sarasota and PSAV for their support for this community program.
Photos from SB2: Transformation in Philanthropy can be viewed on CLICKSRQ.
The next SB2 Program, SB2: Philanthropic Agenda, which will include a panel discussion led by community leaders in the nonprofit sectors followed by a presentation of the 2019 Good Hero Philanthropic Awards will take place on Monday, December 9, 2019 at the Hyatt Regency Sarasota. For more information visit SRQSB2.com.