Transforming Philanthropy: Moving Beyond Misguided Frugality To Achieve Real Change [Forbes]
The J.M. Smucker Company (SJM)
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Source: Forbes
Many philanthropists, in their earnest attempt to maximize the impact of every dollar, fall into the trap of what I term "Delusional Altruism." This occurs when donors are so focused on minimizing overhead and operational expenses that they inadvertently hinder their ability to make a real impact. The concept is simple yet profound: by excessively cutting costs in areas like strategy development, talent, technology, succession planning , and advisement, donors and foundation leaders can actually limit their effectiveness and the effectiveness of the organizations they wish to help. Let's explore how this mindset can be transformed to empower true, systemic change in philanthropy. The Pitfall of Misguided Frugality One of the most common missteps in philanthropy is the undue emphasis on minimizing overhead costs. This misguided frugality in philanthropy is typically well-intentioned. Philanthropists often believe that by cutting back on administrative expenses, more funds can be di
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News
- Guiding Generosity: Overcoming Family Office Challenges In UHNW Philanthropy [Forbes]Forbes
- EnsembleIQ BrandLab Custom Marketing and Creative Solutions Win Six AVA Digital Awards [Yahoo! Finance]Yahoo! Finance
- The J.M. Smucker Co. Declares Dividend and Announces Annual Shareholder Meeting DatePR Newswire
- Harry + Meghan = bad deal [Business Insider]Business Insider
- Conquering Fear To Unleash Generosity In Philanthropy [Forbes]Forbes
SJM
Earnings
- 2/27/24 - Beat
SJM
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 3/28/24 - Form 4
- SJM's page on the SEC website