{"id":36888,"date":"2024-02-05T01:00:11","date_gmt":"2024-02-05T06:00:11","guid":{"rendered":"https:\/\/fgmtl.org\/?p=36888"},"modified":"2024-02-02T12:38:40","modified_gmt":"2024-02-02T17:38:40","slug":"giving-circles-taking-things-to-the-next-level","status":"publish","type":"post","link":"https:\/\/fgmtl.org\/copieprod\/en\/news\/blog-post\/giving-circles-taking-things-to-the-next-level\/","title":{"rendered":"Giving circles: taking things to the next level"},"content":{"rendered":"<h4>A word from FGM &#8211; February 2024<\/h4>\n<p>Philanthropy is a major economic driver in Quebec. According to <a href=\"https:\/\/www.imaginecanada.ca\/en\/About-the-sector\" target=\"_blank\" rel=\"noopener\">Imagine Canada<\/a>, the nonprofit sector accounts for more than 10% of the province\u2019s GDP, with $43.2 billion in economic impact annually.\u00a0In 2021, 46% of Quebecers made a least one donation to a charitable organization. And philanthropy\u2019s power goes beyond its economic impact, of course, since it provides support for initiatives and causes that we all care about.<\/p>\n<p>In immigrant and cultural communities, the tradition of giving is deeply rooted, as <a href=\"https:\/\/fgmtl.org\/copieprod\/en\/news\/blog-post\/rethinking-philanthropy-within-racialized-communities\/\">we pointed out in a previous post<\/a>. The average donation made by Quebecers born abroad, or whose parents were born abroad, is in fact a bit higher than the provincial average<sup><strong>1<\/strong><\/sup>. But what is missing is the leveraging effect that would allow these donors to maximize the impact of their generosity. All too often, the philanthropic infrastructure is inadequate, or is not suited to their needs.<\/p>\n<p>Giving circles overcome this problem by bringing together around a common project or specific cause a number of people who share the same values and goals. This approach offers several advantages, the first being the pooling of resources, which multiplies the positive impacts generated by individual donations. The Foundation of Greater Montr\u00e9al\u2019s <a href=\"https:\/\/fgmtl.org\/copieprod\/en\/contribute\/fgm-collective-funds\/the-womens-impact-montreal-collective-fund-at-fgm\/\">WIM Fund<\/a> (Fonds FAM) is one example, as is <a href=\"https:\/\/www.100womenwhocaremtl.com\/\" target=\"_blank\" rel=\"noopener\">100 Women Who Care<\/a>. Our colleagues at the <a href=\"https:\/\/www.hamiltoncommunityfoundation.ca\/giving\/collective-giving\/\" target=\"_blank\" rel=\"noopener\">Hamilton Community Foundation<\/a> also facilitate several giving circles.<\/p>\n<p>As well, this philanthropic strategy enables networking, learning, skills development and the emergence of a collective and strategic intelligence that supports informed decision-making. New ideas and new leaders may come forward as well. Thus, giving circles turn out to be virtuous circles too!<\/p>\n<h5>Band together to give better<\/h5>\n<p>Through their collective and democratic ways, these tools also serve as an antidote to traditional philanthropy\u2019s vertical approaches. Groups and communities long marginalized or neglected can use them to grow in synergy with their identity and their values. The flexibility of giving circles allows these groups to respond more easily and rapidly to the needs they have identified, and thus make a real difference.<\/p>\n<p>This kind of structure allows for a division of labour according to the strengths, interests and expertises of the donors. Through the pooling of resources, it also enables reductions in management costs. Community foundations like FGM exist precisely in order to support donors as they embark on such an adventure. By taking on the administrative aspects, we allow them to focus on making their projects succeed.<\/p>\n<p>In philanthropy, it is often said that \u00ab\u00a0there is no such thing as a small gift\u201d. That is true, but when we collaborate with others, then we can dream bigger. Or, to put it another way: you go faster by yourself\u2026but you go further with others. If this way of doing things speaks to you, <a href=\"mailto:philanthropie@fgmtl.org\">get in touch with us<\/a>!<\/p>\n<p><strong><sup>1<\/sup><\/strong> <em><a href=\"https:\/\/www.tendancesphilanthropie.ca\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 10pt;\">Mise au point philanthropique Qu\u00e9bec<\/span><\/a><\/em><span style=\"font-size: 10pt;\">, \u00c9pisode philanthropie &amp; investissement communautaire, 2021.<\/span><\/p>\n<h5>Linda Tchomb\u00e9<br \/>\nDirector of Philanthropic Development<br \/>\nFoundation of Greater Montr\u00e9al<\/h5>\n<div class=\"su-spacer\" style=\"height:20px\"><\/div>\n\n     <\/div> \n    <\/div> \n    <div class=\"sc-wrapper-dark spacing clear\">    \n        <div class=\"wrapper wrap-content\">\n            <div class=\"wrap-770 clear\">\n                \n<h3>FGM&rsquo;s Stories of the Month<\/h3>\n<h4><em>February 2024<\/em><\/h4>\n[scNewWrapperQuatuor ]\n[scSubBlockQuatuor bgimg=\"\/wp-content\/uploads\/2024\/02\/photo-ruben-antoine-pour-page-web.png\"]\n<h4>The Fonds Fondation Ruben Antoine pour l&rsquo;\u00e9l\u00e9vation financi\u00e8re<\/h4>\n<p>This fund promotes the creation of wealth in disadvantaged communities.<\/p>\n<p><span class=\"cta full red cta-page\"><a href=\"https:\/\/fgmtl.org\/copieprod\/en\/our-impact\/stories-that-inspire\/the-fonds-ruben-antoine-pour-lelevation-financiere\/\" target=\"_blank\" rel=\"noopener\">Read on<\/a><\/span><\/p>\n[\/scSubBlockQuatuor]\n[scSubBlockQuatuor bgimg=\"\/wp-content\/uploads\/2024\/01\/Photo-association-hispano-quebecoise-de-la-monteregie.jpg\"]\n<h4>The Association hispano-qu\u00e9b\u00e9coise de la Mont\u00e9r\u00e9gie<\/h4>\n<p>The AHQM is a meeting place where Quebec and Latino cultures blend.<\/p>\n<p><span class=\"cta full red cta-page\"><a href=\"https:\/\/fgmtl.org\/copieprod\/en\/our-impact\/stories-that-inspire\/the-association-hispano-quebecoise-de-la-monteregie-ahqm\/\" target=\"_blank\" rel=\"noopener\">Read on<\/a><\/span><\/p>\n[\/scSubBlockQuatuor]\n[scSubBlockQuatuor bgimg=\"\/wp-content\/uploads\/2023\/11\/technology-2125547_1280.jpg\"]\n<h4>Webinar on community philanthropy<\/h4>\n<p>For the Rendez-vous de la FGM, a talk about philanthropy among racialized communities (in French).<\/p>\n<p><span class=\"cta full red cta-page\"><a href=\"https:\/\/fgmtl.org\/copieprod\/nouvelles\/billet-de-blogue\/webinaire-la-philanthropie-communautaire-et-les-cercles-de-donateurs-et-donatrices\/\" target=\"_blank\" rel=\"noopener\">Read on<\/a><\/span><\/p>\n[\/scSubBlockQuatuor]\n[scSubBlockQuatuor bgimg=\"\/wp-content\/uploads\/2024\/02\/Linda-CIBL.jpg\"]\n<h4>Making philanthropy accessible to everyone<\/h4>\n<p>An interview on the N\u00e9oQu\u00e9bec radio show (in French) to demystify community philanthropy.<\/p>\n<p><span class=\"cta full red cta-page\"><a href=\"https:\/\/www.cibl1015.ca\/neoquebec\" target=\"_blank\" rel=\"noopener\">Listen to the Dec. 10 interview<\/a><\/span><\/p>\n[\/scSubBlockQuatuor]\n[\/scNewWrapperQuatuor]\n\n            <\/div> \n        <\/div> \n    <\/div>\n    <div id=\"content\" class=\"wrapper wrap-content spacing clear\" role=\"main\">    \n        <div class=\"wrap-770 main clear\">\n","protected":false},"excerpt":{"rendered":"<p>Giving circles are tools aimed at creating leverage and allowing donors to dream bigger and take things to the next level.<\/p>\n","protected":false},"author":6,"featured_media":1638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,61],"tags":[],"class_list":["post-36888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-blog-post"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - 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