Join host Rebecca Moffett on today’s episode of The Value in Giving podcast as she chats with Corrine O’Connell, the Chief Executive Officer of Habitat for Humanity Philadelphia. Corrine brings a wealth of knowledge and extensive background to this enlightening conversation as she and Rebecca delve into trust-based philanthropy and unrestricted giving.
The podcast highlights the unique approach that donors can take to make an impact on organizations like Habitat for Humanity, and how flexibility in giving is essential for organizations to fulfill their missions. Don’t miss out on this week’s episode. Be sure to tune in to learn more!
Summary:
0:00 - The podcast episode begins with Rebecca Moffitt, president of Vanguard Charitable, introducing Habitat for Humanity, Philadelphia. She mentions that Habitat for Humanity has been the largest nonprofit homebuilder worldwide since 1985.
1:53 - Habitat for Humanity Philadelphia operates as an independently run franchise model and is one of 1,100 Habitat chapters across the United States. It serves the geographic service area of Philadelphia County, having built 246 homes and currently working on 27 homes. Their mission is to empower first-time homebuyers with a 30-year mortgage.
4:43 - Discusses the significant increase in the use of unrestricted grants by Habitat for Humanity Philadelphia. This shift reflects a trend in donors moving toward trust-based philanthropy. Unrestricted gifts are seen as an indication that the organization has strong leadership, is making an impact within their cause area, has a strategic roadmap, and displays overall trustworthiness.
8:09 - The importance of flexibility in an ever-changing environment is highlighted. Habitat for Humanity Philadelphia recently received a generous $5 million unrestricted gift from Mackenzie Scott, emphasizing the value of such transformative donations.
10:21 - Explores the impact of Mackenzie Scott's donation on Habitat for Humanity Philadelphia. It discusses how Mackenzie and her team learned about the organization and how her approach to trust-based philanthropy sets her apart.
13:28 - Mackenzie Scott is regarded as an outlier in the donor base of Habitat for Humanity Philadelphia. Her longstanding loyalty to the organization is emphasized, and the podcast provides guidance for donors on how to build trust with organizations similar to Habitat for Humanity. Vanguard Charitable offers tools to support this process.
16:24 - Volunteer engagement is highlighted as a great way to get involved with Habitat for Humanity Philadelphia. Vanguard Charitable encourages its donors to participate in volunteer opportunities to gain hands-on experience and a deeper understanding of an organization's impact.
19:05 - Discusses the diverse approaches donors take in measuring impact and emphasizes the importance of combining quantitative and qualitative methods. Trust-based philanthropy is recognized as a powerful way to make a significant impact.