Siebert Lutheran Basis makes use of auction-style funding mannequin to match donors with the appropriate causes

Paul Miles, President of the We Raise Foundation; Avana Kelly, an 8th grade graduate of St. Marcus; Donte Edwards, an 8th class graduate of St. Marcus; Ronna Kelly, a St. Marcus Scholar; and Charlotte John-Gomez, President of the Siebert Lutheran Foundation.

The Milwaukee based Siebert Lutheran Foundation has developed a new auction-style funding model to connect local philanthropists with causes they care about.

Recently, the foundation, which administers the legacy of Milwaukee Electric Tool Co. founder Albert F. Siebert, accepted donations for the first time. Until three years ago, all funds of the foundation came from Siebert, who died in 1960.

Operating as an independent foundation under a trust deed since 1976, it has provided approximately $135 million to support causes related to education, Lutheran service and leadership, and poverty alleviation. Albert Siebert did not set an expiry date for the foundation and the directors decided to make it permanent, which means it has been courting new funders in recent years.

“Our board said, ‘We have so much experience working in the Lutheran congregation, and we have this bird’s eye view of the really good work that Lutheran organizations are doing. Why not see if we can find other people who have similar passions and interests so we can do more?” said Charlotte John-Gómez, President of the Foundation.

As part of this effort, Siebert launched a new strategy called Collaborators’ Event in 2020, aimed at connecting philanthropists with like-minded organizations.

Modeled on a similar event developed by the Arizona Community Foundation of Flagstaff, the event allows donors to screen organizations and projects in need of funding before participating in an auction-style event that brings them together. A few years ago, Siebert employees flew to Flagstaff to see the financing model in action.

“There were about 12 organizations (including individual donors, families and other foundations) sitting at this table, and they had a big table on the wall … and they just walked around the room and said, ‘OK, who wants to fund this organization? ‘ And the donors said loudly, ‘I’m going to fund this for $100,000.’ After two hours, they had raised over $2 million. And we were just blown away by this type of model,” said John-Gómez.

Siebert hosted his first Collaborators’ Event in 2020, practically because of the pandemic, and raised over $130,000. It recently hosted its second annual event in a hybrid format, raising over $172,000, attended by 27 donors.

In both years, the foundation has matched those dollars with $100,000 of its own.

“It’s a way of bringing people together with similar visions. They have resources and they want to share their resources with the community, but they may not know about the different organizations, especially the smaller organizations that are doing such a good job,” John-Gómez said. “It was a way of introducing them to these organizations.”

All of the Board members of the foundation — including local executives Thomas Kammerait von Briesen, retired UWM Vice Chancellor Joan Prince and Cathy Jacobsen, CEO of Froedtert Heath — attended the event, John-Gómez said.

The event has also attracted entire families who have attended virtually from across the country.

“We had a family that was scattered across the country, but they were still able to participate via Zoom and chat with each other and make decisions as a family about where to put their philanthropic dollars. It was a really good way to teach the next generation what it means to give back to the community,” she said.

Cash, not flour – donors flip to money help programmes – World

When you think of humanitarian aid, you tend to think of distributing tents and flour, but often other things are also needed – children’s shoes or mattresses. Germany is therefore increasingly relying on cash payments to strengthen local markets and give people more freedom.

How does the cash assistance work?

Over 230 million people worldwide are dependent on humanitarian aid. This is due to disasters or conflicts that lead to crises when the national authorities are unable or unwilling to provide the necessary assistance. In order to be able to provide quick and efficient aid, donors, including Germany, are increasingly concentrating on cash-based humanitarian aid. These can be physical cash spend, prepaid card payments, or mobile money transfers that can be stored on devices such as smartphones. There are significant advantages to this approach.

On the one hand, the recipients can buy what they need most urgently – food, clothing, medication – in their area. Second, it gives the recipients decisive freedom of choice and restores their ability to act and saves them long waiting times at overcrowded distribution points.

In recent years it has been shown that cash-based humanitarian aid is also particularly efficient. The procurement of bulky goods, which then have to be transported and distributed and cause additional costs, is no longer necessary. Donations in kind can also often have a negative impact on local market prices, for example if grain or grain products suddenly become available in large quantities free of charge. Cash payments, on the other hand, can do a lot to maintain the local economy or give it new impetus.

For this form of humanitarian aid to be possible, the markets in the affected regions must of course function and sufficient goods must be available. This is checked in advance before cash payments are made.

More than 200 studies have now observed the remarkable efficiency and positive effects of cash-based humanitarian aid; this is an example Impact assessment of multipurpose cash assistance to Syrian refugees in Lebanon.

Another specific example is Somalia. Six million people in the country are dependent on humanitarian aid – a third of the population. The 2017 drought pushed many smallholders and ranchers into poverty. The Norwegian Refugee Council (NRC) currently provides many families there with cash. This includes Ayan Mohamed Said’s family of four. For the equivalent of 70 euros a month, she can buy bread, milk, vegetables, medicines and clothing for herself and her children.

Germany will continue to expand cash aid

In 2016, Germany joined other donors and aid organizations to volunteer Huge bargain to support a major international reform process aimed at making humanitarian aid more effective overall. A central pillar of this process is the targeted use of cash assistance. The Federal Foreign Office currently provides 20 percent of its humanitarian aid in the form of cash payments and plans to increase this proportion further in the coming years.

Pelosi, McCarthy big-money marketing campaign donors giving early, with Home up for grabs

Nancy Pelosi and Kevin McCarthy

Reuters

With the midterm elections more than a year away, wealthy donors have already begun giving massive checks to committees linked to Democratic House spokeswoman Nancy Pelosi and Republican minority leader Kevin McCarthy, according to new records.

The Federal Election Commission’s second quarter record of fundraisers related to Pelosi, McCarthy, and House leadership paints a picture of party officials and funders realizing the need to fund these campaign committees heavily, with the House of Representatives Chamber in 2022 to Choice is available. The Democrats, who hold the majority, lost seats in the 2020 election and the Republicans are trying to capitalize on it.

The Associated press reported that the Republican campaign arm, the National Republican Congressional Committee [NRCC], trumped his rival for the Democrats in the House of Representatives, the Democratic Congress campaign committee [DCCC], in the second quarter.

McCarthy and Pelosi campaigners did not respond to requests for comment.

Take Back the House 2022, a joint fundraising committee for the NRCC, McCarthy and other House Republicans, posted over $ 8 million in profit from April through June. This was due to donations from influential donors, including those on Wall Street like Nelson Peltz, the CEO of investment firm Trian Partners, who donated $ 50,000 to the committee in June.

Citadel CEO Ken Griffin donated over $ 500,000 to the committee that month. Steven Roth, the CEO of Vornado Realty and an ally of former President Donald Trump, gave $ 250,000 in May. Robert Day, the CEO of investment real estate firm Oakmont Corp., gave the group $ 100,000 in the same month. Howard Lutnick, the CEO of financial services firm Cantor Fitzgerald, donated over $ 700,000 to the committee in June, records show.

McCarthy’s leadership PAC, which also raises money for the NRCC and Take Back the House, also saw large donations from big donors last quarter as the GOP seeks to recapture the majority. The committee, the McCarthy Victory Fund, has raised just over $ 2.3 million in the past three months.

Peter Thiel, an investor billionaire who had previous alliances with Trump and recently increased his contributions to GOP candidates, donated just over $ 47,000 to the McCarthy Victory Fund in April. Doug Leone, an executive with venture capital firm Sequoia Capital, donated $ 125,000 to the committee in May. Leone renounced his support for Trump following the deadly January 6 riot on Capitol Hill. David Urban, a longtime Trump confidante and now a senior executive at Chinese tech company ByteDance, gave the committee $ 5,000 in June.

Pelosi also saw how much money flowed into their joint donation account. The Nancy Pelosi Victory Fund, which raises funds for the DCCC, raised over $ 4 million in the second quarter.

Legendary film producer Steven Spielberg donated $ 150,000 to the Fundraising Committee in April. In the same month, his film colleague Jeffrey Katzenberg donated $ 100,000. Eric Schmidt, the former CEO of Google, donated over $ 44,000 to the committee in June. Real estate giant George Marcus contributed over $ 260,000 that same month.