generating social capital
DESCRIPTION
Generating Social Capital. Family and Small Businesses Impacting in Big Ways. Canada’s Business Sector. Quick Facts 80% of all business in Canada is a SME 87% of those are owned and operated by families - PowerPoint PPT PresentationTRANSCRIPT
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Generating Social Capital
Family and Small Businesses Impacting in Big Ways
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Canada’s Business Sector
• Quick Facts– 80% of all business in Canada is a SME– 87% of those are owned and operated by
families– In the next 5-10 years there will be $1 Trillion
transferred between generations in North America
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How are you preparing for the wealth transfer???
• Buying a new company?
• Providing for your retirement?
• Setting up an inheritance for your children/ grandchildren?
• Investing in community?
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The Business of Philanthropy
Measuring Value
Realizing Value
Enhancing Value/Creating Value
Generating Social Capital
Social Return on Investment Audit
Strategic Philanthropic Plan
Howard Johnson – Corporate Valuation
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An Investment in Community
• Gaining new clients
• Retaining current customers
• Attracting innovative personnel
• Leaving a legacy for your children
• Diversification/ Adaptation/Growth
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What Makes a Successful Company?
• Winning the HEARTS of clients
• Winning the HEARTS of employees
• Engaging the MIND of employees & vendors
• Interfacing your values with those of your company
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Strategic Philanthropic Plan
You/Your Company
Your Family
Your Vendors
Your Clients
Your Community
Your Values
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Identifying Values
• Questions to ask:– What are your reasons for making an
investment in community? – Is it your affinity towards the organization? – Perhaps it is the person who is asking you for
the donation? – Did you volunteer your time with them at
some point? – Did you seek their services and this is a way
of "paying back"?
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Your Household Questions
• Who lives in your home?• What are your family
connections? How have you defined family?
• Think about everyone in your home (including your pet!) - Does your current giving reflect them?
• Is your family in the same city as you? Is where you reside, the same place as where you call home? Does your current giving reflect this geographical distinction?
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Your Community Questions• What does your community look
like? • Is it religiously or ethnically
based? • How do political parties play into
your charitable giving? • Have you considered how some of
your donations might be in conflict with each other?
• In ranking your priorities, does community play a larger role in your philanthropic activities than your family philanthropy? Is this intentional?
• Has direct interaction with a community agency influenced your philanthropic priorities?
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Global Connections
• In what way do you actively participate with the global community?
• What are your consumer choices? • Do you travel? How do you travel?• Do you engage in cultural exchanges?
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Setting Priorities
• What is my purpose for engaging in community?
• How much time should I commit to this endeavour?
• Who can I enlist to help?
• How do I ensure that I see a return on my investment?
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Role Models and Resources
• Ryan Gill, CEO Suitcase Interactive www.thinksuitcase.com
• Purdy’s Chocolates• Asper Foundation• Wexner Foundation
(USA)• Karen Sherbut, CEO
Safe Haven Foundation www.newsafehaven.com
• Alberta Business Family Institute www.abfi.com
• Scott Fithian, Values Based Estate Planning
• Canadian Association for Family Enterprise www.cafe.org