Shearman & Sterling’s Fintech Foundry and Women’s Inclusion Network Host “Leaders in Blockchain” Panel

Shearman & Sterling LLP’s women’s inclusion network, known as WISER, and the firm’s FinTech Foundry, recently joined forces with The Collective Future, a global collective of leaders in blockchain and cryptocurrency, to host a panel discussion in New York City on recent developments in blockchain technology, including its wide-ranging impact and its evolving legal and regulatory landscape.

Donna Parisi, Partner and Co-Head of Financial Services and FinTech at Shearman & Sterling, moderated the panel. Rupa Briggs and Mary Pennisi, co-chairs of WISER and members of the FinTech Foundry, planned and opened the panel with welcoming remarks. Joining them were a panel of female experts on blockchain and law, including Emma Channing, CEO and General Counsel of Satis Group; Wendy Callaghan, Chief Innovation Legal Officer and Associate General Counsel at AIG; Joyce Lai, Law and Technology Officer at ConsenSys; and Cathy Yoon, General Counsel of Genesis Block and GB Capital Markets. Joshua Ashley Klayman, Chair of Wall Street Blockchain Alliance’s Legal Working group and CEO and Founder of Klayman LLC and Inflection Point Blockchain Advisors, offered opening remarks and creatively introduced the concept of blockchain technology with a visualization exercise.

The panel demonstrated that women are making strides in becoming experts in this emerging field, and highlighted the speakers’ expertise through a lively discussion about recent regulatory developments in blockchain, use cases in various industries, privacy issues, smart contracts, and challenges ahead in developing the law applicable to this evolving technology.

In the U.S. especially, the legal and regulatory frameworks surrounding initial coin offerings, for instance, are not being established quickly enough, creating uncertainty that leads many entrepreneurs to seek other countries in which to do business. This is a topic that is echoed by the industry as a whole. In late September, executives from the cryptocurrency industry, financial institutions and venture capital firms met in Washington, D.C. for a discussion with Ohio Representative Warren Davidson, who plans to introduce a bill that will aim to update regulations surrounding cryptocurrency offerings.

Another challenge to the growth of blockchain and cryptocurrency is the European Union’s General Data Protection Regulation (GDPR). According to the panelists, it is still unclear how exactly the data privacy provisions of GDPR will impact how personal data is distributed on public blockchains in particular. The panelists noted that there is still no set definition of “erasure of data,” an important part of GDPR’s “right to be forgotten.” Without clear definitions, blockchain companies will face difficulty in maintaining compliance with GDPR.

Despite the challenges, the panelists were confident that there is ample room for growth for blockchain and cryptocurrency on a global scale. They recognized blockchain as offering new seats at the table and also discussed why blockchain appeals to women and led them to assume leadership roles in the space.

Ms. Parisi offered the theory that women are attracted to the field because they are not satisfied with the status quo and are driven to innovate. All agreed that diversity is an important objective and ingredient for success in technology in the future. Two of the panelists recalled meeting and learning from each other through a diversity mentorship program.

With events such as this one and the incredible examples set by the accomplished panelists, there is hope that more women will be motivated to take leadership positions in the blockchain and cryptocurrency industry, and become recognized for their expertise.

This article is part of Theglasshammer.com’s annual women in technology celebration and we are recognizing women in technology with coverage from Oct 22nd to Nov. 22nd. Enjoy profiles and related articles!

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Workplaces that Work for Women: Experiences Matter – The 2018 Catalyst Awards

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By Nicki Gilmour, CEO of theglasshammer

My takeaway from the 2018 Catalyst Awards and Dinner is that owning your experiences is the first step and the second step is to not let them negate other people’s experiences if you are truly going to be a man or a woman who is going to see progress in our lifetime for gender equity.

Catalyst, the oldest and leading research and advisory nonprofit organization for advancing women at work, has a conference that is second to none for translating theory and research into practice with CEOs of major companies and theglasshammer.com was honored to attend the annual conference.

‘Workplaces that work for women, are workplaces that work for everyone’ was the theme and mantra of the day, with great companies getting to share some of the best practices that they have implemented to understand results beyond the rhetoric. And, the sub theme of the day was how to be a male ally or gender champion as men in the room spoke of how they wanted to see change. A stunningly sincere and impactful dinner speech by Carnival Corporation (Cruise Lines) CEO Arnold W. Donald, the dinner chair of the gala, created a genuine sense that some men really get it. Quoting Maya Angelou saying “When you know better, you do better” regarding gender equality and diversity. Mr. Donald spoke of his own experiences as a man of color while acknowledging humbly and implicitly that he knows experience does not in itself equal enlightenment; although for me, he was the most enlightened man of the day. It is so important to hear people and more importantly men to acknowledge that other people may individually or systemically due to their social identity (gender, ethnicity, orientation, nationality) have experiences that are not yours and that does not invalidate yours or theirs. I heard this man recognize his male privilege in a way which showed me real commitment to being an ally because his foundation was one of acceptance, not denial around his own gender’s historic position at work.

Deborah Gillis, President and CEO of Catalyst spoke at lunch regarding this topic of “how to” be a male ally or champion of women, advising the confrontation of the fact the level playing field has not always been there, and how men can “call it out” when everyone’s voices are not being heard.

She stated that Catalyst wanted to send out a beacon of hope in this watershed moment of #Metoo. She asked rhetorically, “How can we focus (on work), if we don’t feel safe?” and later in breakout sessions, Hilton panelist Laura Fuentes, SVP, Talent & Rewards, and People Analytics reiterated the need for psychological safety. Fuentes commented that behaviorial data was part of the ongoing evaluation and development process for managers which created an accountability to those who they lead and to the values and culture of the firm.

This method of actually measuring opinion and perception was also discussed by panelists from West Monroe Partners who took steps to formalize policy and communicate it in their firm. They did this so that perceived cultural norms such as time off and flexibility could be used positively and inclusively for all and equally implicit negative norms could be addressed also. Betsy Bagley, Senior Director and Consultant, Advisory Services, Catalyst and Katherine Giscombe, PhD, Vice President and Women of Color Practitioner, Advisory Services, Catalyst skillfully moderated this discussion around what actually can be done to create better workplaces for women with an organizational model worth checking out in Catalyst resource section.

Carla Harris, Vice Chairman, Managing Director and Senior Client Advisor at Morgan Stanley led a superb closing session with her usual candid and engaging style, opening with, “we cannot manage, the way we were managed”.

Harris explained first how to get to management and the important difference between performance and relationship currency. In her “pearls” (of wisdom) session, she explained how sponsors do not need to know the good, the bad and ugly, but rather, “the good, the good and the good”. She advised women and men in the audience to understand that performance currency has diminishing returns, as the baseline is always to do a great job but to understand that over time people come to expect excellence from you. She stressed the importance of relationship currency in the advancement formula. She also stressed the importance of improvement via feedback saying, “data is your friend, you cannot fix it, if you don’t know its broken.”

Regarding leadership and change regarding diversity, Harris stated, “I cannot believe that three decades later, we are still talking about the business case for diversity. If you still aren’t clear,” she quipped, “I will tell you right now” and went on to explain that it’s about innovation and to innovate you need a lot of perspectives and that comes from multiple experiences and that experiences are born from having different people in your team.

Harris explained that people need to be courageous in soliciting other people’s opinion and that the trait of courageousness is needed for intentionality to happen for change with accountability and consistency present.

The initiatives that were recognized this year were The Boston Consulting Group with their Women@BCG, IBM with Leading the Cognitive Era Powered by the Global Advancement of Women, Nationwide with Our Associates’ Success Drives Business Success and Northrop Grumman Corporation with Building the Best Culture, Leveraging the Power of Women.

Great work, Catalyst! And good luck to Deborah Gillis in her new role.

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Happy Thanksgiving Week!

Happy Thanksgiving week to our readers in the US and to our readers in the UK and elsewhere happy getting ready to sprint to wrap up the year.Thanksgiving

We are taking a publishing break this week but wanted to unveil our new sister company Evolved People Coaching.

Evolved People Coaching is a firm exclusively dedicated to executive coaching and we have coaches who are ready to work with women and men to help you formulate and execute on goals, change things and get the life you want inside and outside of work. We can coach in English , Spanish and French and all coaches are certified by Columbia University’s highly respected program. Our coaches have experience being senior executives themselves and have attended top universities worldwide to ensure we work with you cognitively, emotionally and practically. So whether you are thinking of changing jobs, want to be promoted or want to have better relationships at work, we can help you find your answers

Check out the new website

We coach individuals and groups.

Thank you for reading theglasshammer and see you next week for more profiles and career articles and advice.

Best Wishes

theglasshammer team
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Hispanic Heritage Month

This month we have celebrated Hispanic Heritage Month in the US. We have profiled senior Latina women and discussed how corporate America needs to shake up how boardrooms are filled.

Take a look at the following articles published during previous Hispanic Heritage celebrations.Latina

Latina Leadership: Will Companies Ever Catch On?

If you scan Fortune’s 50 Most Powerful Women in 2016, you will be hard-pressed to find a Latina executive, amidst an overall drop in female CEOs to 4% in the Fortune 500 in 2016.

According to a 2016 report from the American Association of University Women (AAUW), Hispanic women make up 6% of the workforce but only 1.3% of senior-level executive roles in the private sector.

 Hispanic Heritage: Latina Women are Ready to Lead. Are Companies Ready?

As we celebrate Hispanic Heritage Month 2015, Latina executives remain scarce in the corporate landscape. But ambition to lead, and ability to bring leadership advantages, are not scarce.

Walmart’s EVP and COO Debra Ruiz ranks 28 in Fortune’s current 50 Most Powerful Women in Business 2014 list. Latina Style celebrated ten executives in February, with Calline Sanchez, VP of IBM Enterprise, taking Corporate Executive of the Year 2014. Ana Dutra made history when she was appointed the first Latina president and CEO of the Executives’ Club of Chicago.

Hispanic Heritage Update: Where are the Latina Leaders in Corporate America?

Where are the Latina Leaders in financial services, in technology and in the Fortune 500 at large in the United States?

At first glance, it is easy to think they are almost entirely absent from the top echelons of business since only 35 women sit in the most senior executive management positions in the whole of the Fortune 1000. The 2012 Fortune 50 Most Powerful Women list includes only Gisele Ruiz, COO of Wal-Mart US.

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Spotlight on Asia

During the month of August, The Glass Hammer will be focusing on Asia, featuring profiles of senior level women who are showing up to challenge the gender gap in Asia with their own journeys to leadership.

Take a look at the following articles that take a wider look at the gender dynamics of business in Asia.

Via Shutterstock

Spotlight on Asia: Gender Diversity is Both Catching Up and Leading

When it comes to women representation in business leadership, Asia is at once behind and ahead. For all the societal factors holding women back, marketplace and cultural dynamics are also pulling women into leadership and the C-Suite.

Update: Spotlight on Asia – China and Singapore: Baby Steps Towards Improving Gender Diversity

The Opportunity is Great but the Journey may be Long
McKinsey’s June 2013 report, Women Matter: An Asia Perspective, noted, “women hold very few of the top jobs in Asia. On average, they hold 6% of the seats on corporate boards and 8% of those on executive committees. Moreover, although elements of a gender diversity program are in place in some Asian companies, the issue is not yet high on the strategic agenda of most.”

Update: Spotlight on Asia 2: Japan Continues to Lag in Diversity Rankings

For all of its years as a global economic power, cultural issues and possibly a protracted economic downturn have limited gender diversity in the Japanese workplace. Japan consistently falls near the bottom of the rankings for gender diversity in the workplace. Women hold 2% of board positions (GMI) and 9% of senior management roles (Grant Thorton) according to recent studies.

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The Simmons Leadership Conference 2017

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The Simmons Leadership Conference was held on April 13, 2017 in  Boston and afterwards we caught up with three of the speakers on career topics. Josh Levs, award-winning broadcaster and journalist, and Barbara Fedida, Senior Vice President for Talent and Business, ABC News, The Walt Disney Company all shared their stories around leading with purpose, how passion matters and what insights on leadership they have learned.

conference

Image via Shutterstock

 

The Wage Gap is Real

Josh Levs gave a presentation at the conference called “Gender Equity: Leveling the Playing Field.” Josh says that he has witnessed first-hand the discrepancies of gender-based office policies that obstruct the development of any workplace. As a father and husband, shortly after his wife delivered, he was not approved by his employer at the time, to take time off to care for his child and wife. It became a case he took to court, and won. Josh is a pioneer in advocating for both women and men to have paid parental time off, and for women to have equal pay. Josh states, 

“The wage-gap is real. And ultimately, it also hurts men because their wives are under paid, and families need money.”

As a former fact-checker journalist, Josh provides evidence in his book, “All in,” on why men need to be actively involved in the conversation of pursuing equality for women. He is also active on endorsing the Family Act; funded through employee-paid payroll taxes and administered through their respective disability programs. Functioning as an insurance coverage, it is able to fund time off during Parental/Family leave.

Josh is not only passionate about what he does, he’s genuine and joyful about it!

Nurturing Talent

Barbara Fedida, Head of Talent and Business at ABC News, The Walt Disney Company who sat on the morning panel themed “Leading with Purpose”, commented on the importance of mentoring. She shares:

“There’s no secret sauce or formula to identifying talent, or at least not one that I can sum up in a few sentences. I think all the great journalists of our time share some common traits – passion, hard work, insatiable curiosity, a feeling that good is never good enough, drive, and, perhaps most importantly, a feeling that nothing is impossible.”

Barbara believes that the role of the mentor and boss is key because if you as a mentor can nurture these traits, she states, “Together you can be unstoppable.”

When asked what role a mentor has in nurturing talent, she refers to her own experience,

“I have always felt that I have done my best work when my bosses or mentors (and I have been blessed to have had some of the best in the business) encouraged me, had my back and made me feel like together we could conquer the world.”

And when it comes to keeping a team engaged and motivated, Barbara says, “Give people credit for their ideas and tell the bosses of their contributions. In fact, don’t just tell them – scream it from the rooftops.”

Whether a famous actress or an accomplished business leader, the speakers at the conference have all had to overcome doors closed in their faces, negative thinking and other obstacles. But they were driven by a purpose larger than themselves. They persevered. They blazed trails for others. They openly shared their experiences, to motivate and inspire us and we look forward to attending the 2018 conference scheduled for April 5 in Boston, MA.

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Happy Martin Luther King Day

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martin luther king
Martin Luther King Day is a public holiday here in the US that we always acknowledge. For our US readers, enjoy the day off and use it wisely.

For our readers all over the world outside this part of the Americas, I want to talk about what is means as I came to the United States many years ago with zero reference to this day off work but am now consider it to the most important of all non religious holidays.

Dr King, as far as I can see, asked for the American people to honor the code they proclaimed was the basis of law when the country was set up. Basic civil rights and a fairness to exist on an equitable footing as the next person. You know, liberty and all that.

I think the work is not done yet and we are in a place where progress was made and resented by some and therefore we had three policy steps forward and one to four steps back depending on how it all shakes out. I think we all need to think long and hard about how to ensure that there is liberty and equality and equitable practices in place for all members of society in all countries to thrive not just survive. Dig deep and act. Good people care and the awareness around equity rather than the concept of equality is at its highest now which means that meritocracy can be honored and conundrums removed in everyone’s minds.

I ask everyone who reads theglasshammer to reflect how in action and in thoughts you can be a person who levels the playing field and works for fairness. Change starts here.

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The Top 10 Graduate Employers For Women

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The top 10 graduate employers for women

Image via Shutterstock

Despite continuing advances in gender equality in the workplace and beyond, there’s a reason conversations about the issue continue: female graduates still face some disadvantages in the jobs market.

Recent reports have revealed the extent to which the gender pay gap still exists, and the difference can be seen between male and female graduates’ starting salaries. Data published in 2015 showed that twice as many men earn between £30,000-£40,000 than women, and that the median salary for female graduates was £1,000 less than that of males. And the level of women in senior management positions and on company boards is still proportionally lower across the workforce than that of men.

So there are plenty of reasons to apply to a company that is taking active steps to achieve true gender equality and diversity in the workplace, but which of them also offer good opportunities at graduate level?

We’ve put together this list by cross-referencing the most recent editions of The Times Top 100 Graduate Employers and The Times Top 50 Employers for Women. And as there are 30 employers that make both lists, we narrowed it down by looking at where they placed on the Guardian’s UK 300 – a ranking of which employers graduates most want to work for.

The Big Four (professional services)

It may be a cheat to include 4 employers in one, but all of the UK’s leading professional services firms – Deloitte, KPMG, PwC, and EY – performed well in the rankings, and between them planned to hire around 5,100 graduates in 2016.

The 2015-16 Graduate Employers list saw PwC top the table for the twelfth year in a row. Its graduate scheme is built upon strong foundations of mentoring, training, development, and support. And though it’s biggest base is in London, there are 29 locations across the UK that graduates can join. The firm also runs a high potential female development programme, Breakthrough, and sets gender and ethnicity targets for each grade pool.

Deloitte, KPMG, and EY also all rank within the top ten graduate employers, and have been recognised for their commitment to gender equality in the workplace, and for running a variety of schemes and programmes to help women maximise their potential. EY’s Managing Partner for Talent in the UK and Ireland, Liz Bingham, stressed the importance of an approach that encompasses the entire workforce, improving diversity ‘from graduate entry to the boardroom’.

Deloitte has also chosen to publically engage with the problem of the gender pay gap, reporting its own average wage gaps across the company and at each grade; the firm is determined to balance the numbers and has set new targets for women in senior positions.

MI5 (public service)

A far cry from the popular media image of the gentleman spy – white, male, private school and Oxbridge educated – the Secret Service is actually well recognised for its commitment to diversity.

As well as establishing itself as a top employer for women and taking strides in employing Black, Asian, and Minority Ethnic staff, MI5 was named Employer of the Year 2016 in Stonewall’s list of best employers for LGBT staff. Staff of all gender identities and sexual orientations are recruited and work in every area of the organisation.

The Service recruits around 80 graduates, who can expect to earn between £28,500-£30,000 at entry level, who join graduate programmes for Intelligence Officers and Intelligence Data Analysts.

Unilever (consumer goods)

Unilever UK has 40 brands covering a variety of commodities, from soup to soap. The employer recruits 50 graduates at starting salaries of £30,000 to its Management and Development programme. It also employs another 50 or so students on industrial or summer placements.

The company demonstrates internal commitment to and external promotion of gender equality; at the Business in the Community Workplace Gender Equality Awards it received the Female FTSE 100 Award, which recognises the affiliate organisation with the most women on its board.

JP Morgan (financial services)

Rising to 14th place in the Top Graduate Employers list, JP Morgan is the first global finance firm to achieve such a high ranking. Although it has no set graduate recruitment targets, the bank hires several graduate analysts on competitive salaries each year, and many of these are recruited straight out of its competitive internship programmes. Developing junior talent is considered vital.

Globally, the firm is dedicated to creating a positive culture for people from diverse backgrounds, and in the USA 55% of representatives are female. As well as promoting equality in the workplace, JP Morgan has also contributed to external projects aimed at helping women. For instance, the bank partnered with the Cherie Blair Foundation for Women in 2014 to help female entrepreneurs in the United Arab Emirates, and hosted a discussion panel during Women’s History Month.

Goldman Sachs (financial services)

Goldman Sachs recruits around 400 graduates to join its New Analyst and New Associate Programmes. The programmes aim at helping graduates develop and become integrated members of the team, with access to several mentoring and training opportunities.

Amongst the bank’s policies promoting equality are its efforts to reach out to female undergraduates and sixth-formers in an attempt to encourage more women to go into what is still sometimes stereotyped as a male dominated culture. Efforts are also being made to promote more women into senior roles, both to further their careers and to create a greater number of female role models for entry-level women to look up to.

The bank also launched ‘10,000 Women’ in 2008, an initiative aimed at helping female entrepreneurs worldwide.

IBM UK (IT and telecommunications)

The IT company makes a concerted effort to reach out to girls at every stage of their education, running a Schools’ Outreach Programme, and even holding an annual ‘Take Our Daughters to Work’ day. There are also several initiatives aimed at supporting women in the company; globally, the firm has over 220 networking groups and over 50 of these are for women. In fact, the company’s website includes a section dedicated to the women of IBM.

It planned an intake of over 300 graduates, at salaries of £30,000 or more. Graduate hires also have access to the company’s generous benefits packages, ranging from travel insurance to a discount bicycle scheme.

Shell (oil and gas)

Shell’s recruitment target was between 80-100 graduates, on salaries of £32,500. Graduates can join the Commercial, Technical, or Corporate Function areas, and receive full training to ready them for on-going advancement in the company.

Shell aims to support equality and diversity at each stage of the employee life-cycle. Its recruitment programme looks to hire graduates from diverse backgrounds. The company has introduced a shared parental leave policy that matches their maternity leave policy. It also boasts several employee led diversity and inclusion networks, as well as development and mentoring schemes.

However, given the company layoffs that occurred early in 2016 in the face of weakened oil prices, this may not be the most secure industry to go into at the moment.

Procter and Gamble (consumer goods)

P&G onboards around 100 graduates in the UK at salaries of £30,000. Although the focus is on-the-job training – with graduates given responsibility from the start – the company encourages graduates to take training courses that are developed with external partners.

A driven approach to staff development has led P&G to achieve gender neutrality in the areas of sales, finance, and marketing. Most importantly, the UK leadership team is also balanced, with 8 men and 7 women in the most senior positions.

Microsoft (technology)

Recruiting 36 graduates on salaries of £34,700, roles at the tech giant are highly sought after. Graduates join the Microsoft Academy for College Hires (MACH) scheme, developing skills for a career in marketing, technology, or sales.

As well as seeking to encourage women to pursue careers in technology, and promoting women’s networks through such features as their separate women’s Facebook page, Microsoft has also launched an innovative internal strategy to drive inclusion. All employees are expected to complete a course on Unconscious Bias Training, encouraging both men and women to break down traditional gender barriers.

By expecting everybody to change their behaviours and to create an inclusive culture, Microsoft aims to build a truly equal workplace.

BAE Systems (engineering and industrial)

The 350 or more graduates joining BAE Systems can look forwards to salaries of £25,000 and up, and benefits that can include a £2,000 welcome bonus. Schemes include the Graduate Framework Programme (2 years), the Finance Leader Development Programme (5 years), and the Sigma Leadership Programme (3 years).

BAE Systems has taken a stand against all forms of bullying and inappropriate behaviour in the workplace, signing the ‘No Bystanders’ pledge to take action against all such behaviours. It also uses a Diversity and Inclusion Matrix to track their progress in this matter – from a business that meets regulatory requirements to one that recognises diversity as a boost to their performance levels.

Claire Kilroy is a content writer for the UK’s leading graduate recruitment agency, Inspiring Interns. Check out their website if you’re on the hunt for internships or graduate jobs London.

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Giving Season: Make Your Donation Dollars Go Further

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money talks

By Aimee Hansen

As #GivingTuesday approaches on November 29th and Giving Season kicks off, are you making the most of your donation dollars?

During the last six weeks of the year, up to 40% of all charitable donations are made ($373 billion in 2015). Individuals are reported to contribute 72% of all total giving that nonprofit organizations receive.

Though strategy is a big part of our professional lives, when it comes to giving, many of us tend to be far more reactive than strategic.

“Most people spend more time researching a new recipe online than they do a charity to give to,” say Eileen Heisman, CEO of National Philanthropic Trust. We spoke with Heisman about how to make your giving dollars go further this year.

Set A Giving Budget

It’s helpful to set a general giving budget – for example 1%-12% of income, although any donation is significant.

“One of the many benefits to a budget,” Heisman notes, “is that it empowers you to decline impulsive requests from co-workers and friends now and throughout the year.”

If you’re serious about philanthropy, she recommends to go beyond only reacting to asks and get invested: “take stock of what you think is important in your life.”

Find Out What Matters to You

“You need to make it manageable: what are the three causes that are really important to me in my life?” Do you want to make impact on a national, local, or international level? What causes matter most to you? Girls’ education? Supporting local initiatives in impoverished countries? Inner city opportunities?

One idea is to involve your children in this discussion, asking them to research and propose charity ideas to you, while increasing their own social awareness.

Select Organizations Active In That Area

Heisman advises that for each area you wish to support, “You can find three or four organizations and then narrow it down and pick one.” Some people prefer start-ups, others prefer big organizations. “You have to know who you are as a donor.”

One insider tip is to look at which organizations have big institutional funders (Gates, Rockefeller, Ford), because these entities have been carefully vetted, which is akin to a credibility endorsement.

You are also able to access an organizations 990, read newspaper articles, look at annual reports, and check out the board. Avoid scams by donating online (never on phone), such as at the charity’s website, and/or confirming the organization is a registered 501c3 at IRS.gov.

If it’s important to you, be aware that “just because it’s on GoFundMe doesn’t mean it’s a charitable gift.” Not all donations are tax-deductive, so confirm if it matters.

Check Your Overhead Bias

“I think there’s been a demonization of overhead that’s been really unfortunate in the sector over the past decade.” says Heisman. “You need overhead.”

She points out that overhead includes staff training and development, technology and resources, program strategy and development, impact evaluation – collecting data, crunching numbers, generating reports.

“Research and development, which most charities don’t have, is a normal part of overhead in most for-profit organizations. Most professional women would realize,” says Heisman, “when they see the categories that fall under overhead, that those are things that need to thrive to have a healthy organization.”

“If you really love an organization and think it’s well run,” she recommends, “give them an unrestricted gift and allow them to spend it on what they think is the most important thing for them, because you’re also investing in leadership.”

When you give an earmarked gift, it can keep a charity from being able to optimize their resources to meet their needs. Giving an unrestricted donation demonstrates that you are behind the mission and the leadership.

Build A Relationship

“If you have $1000 to give away, instead of giving it away to ten charities for $100, pick four charities and give $250 each,” advises Heisman. “Larger gifts to fewer charities creates bigger impact.”

Heisman suggests to pick three focus areas and one charitable organization in each area. Also, it’s expensive for a charity to find donors, so it’s better to build continuity.

“Stick with those entities for a while. Number one, it will save you time. But also, it takes a while to achieve goals in the social sector. They can’t turn a problem around in a year.”

Many charities have excellent dashboards and general reports available about their program impact. If you are a high value donor (eg. $5,000 or more), only then should you ask for a special report.

“I think donors are usually driven by the heart and emotional reasons,” says Heisman,“ but what often keeps donors connected is knowing the nonprofit is doing a good job at trying to address that issue.”

Leverage Giving Technology To Make It Easy

These sites can be very helpful in easily navigating the giving landscape:

Global Giving – This site is “the first and largest global crowdfunding community that connects nonprofits, donors, and companies in nearly every country around the world,” helping resources reach locally-based nonprofits.

Network for Good – Find charities easily, keep a track record of your donations, and make last minute (literally) giving for year-end deductions.

Small Token – Easily and quickly give a gift to a friend or family member by making a donation on their behalf.

Kiva – Through this micro-lending site, provide a loan to your choice of many domestic and global projects, and you can choose to re-gift your loan when you receive repayment.

Donors Choose – Choose a public school project and help teachers to bring their classroom dreams to life.

Heisman says of the last two, “If you’re somebody who has no idea of where you want to start, these are two great places to start.”

What if women’s career opportunities are your passion?

Education Fund – Support women 35 years and older to return to education after adversity with the charitable arm of the Women’s Forum of New York.

No matter your giving interests, with both intention and attention, your giving dollars can go further.

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To Pioneer or Not to Pioneer? Being the First Female President of the USA

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hillary-clinton-featuredBy Nicki Gilmour, Executive Coach and Organizational Pyschologist

It has been quite difficult to avoid the US election season this year, even if you do not live in the United States. I have avoided writing about it for many reasons including general fatigue with the whole topic and not wanting to further burden people who want to see some other topic discussed in the media. But, today is election day so how can we avoid it? Today is the day to talk about how it matters and how it should not matter that the potential next President of the USA is female.

Like her or loathe her, Hillary Clinton is doing it. She is determined, smart and driven. You should admire her ambition and her sheer stamina in trying to fulfil it. Equally, we should all understand our immediate blind spot that we have as we would never think about a man’s ambition level. We expect them to be ambitious whether they are or not, just as we expect them to be leader-like in their natural born traits whether they are or not. I have written about this many times and Virginia Schein has pioneered this research for 40 years in her “Think Manager, Think Male” work since the early 1970s.

Many countries including countries that do not have clean drinking water have had female premiers, so again no matter what your politics are or personal sentiments are towards Hillary; she is pioneering and going where no woman has gone before in the USA.

Why does it matter that she is a woman? And why does it matter that you are a woman at work?

Sexism is real. I want to thank Trump for helping us see the real and ugly effects of talk and actions that for too long have been described as innocuous. If he wins today, then we know the road ahead for what it is. The issue is on the table at last, a discussion that can be addressed, as it is most dangerous when subverted and it had lurked under the table pretending that we had already sorted it out when we clearly had not.

If Hillary wins today, then we know that she as one person has a lot of work as President and we should be careful that we do not project all our fears and hopes onto her. One woman in charge does not gender parity make and it will be fascinating to see what happens as research has shown that often a woman in charge is not necessarily great for the talent pipeline.

Asking her to run the free world and change gender inequity without help is a disaster waiting to happen. So, many will relish her being judged about the topic just as so many are questioning why Obama did not fix racism. Sometimes it is easier to not be the identity in question. Asking him to fix racism and asking Hillary to fix sexism is in fact racist and sexist and impossible without everyone doing behavior change yet this is pretty much what we ask diversity managers to do every single day at work.

We have written about assimilation and we have talked about the Queen Bee syndrome. Clinton has been given narrow behavioral parameters during the campaign battles from which she can operate, as all women are. The most encouraging element of this game show competition to be President, is that we can see that women are not going to put up with the sexist nonsense anymore and those who do are exposed for the role they play in what was previously covert collusion with the patriarchical status quo. Equally good men, truly good guys are also going to bat for women in their actions. Discussions can be had and progress can be made, as soon as we get out of the messy middle!

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