Framing charitable donations as exceptional expenses increases giving.

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Philanthropy 2.0: What the Evolution of For-Profit Investment Tells Us About the Future of Giving

Gaps in philanthropic funding for era-defining science and discovery demand a new approach. In this piece, we look at how learning from venture capital is a game changer for catalytic philanthropy.

Philanthropy 2.0: What the Evolution of For-Profit Investment Tells Us About the Future of Giving

Gaps in philanthropic funding for era-defining science and discovery demand a new approach. In this piece, we look at how learning from venture capital is a game changer for catalytic philanthropy.

The Smart Family Fund provides angel philanthropy funding to early-stage nonprofit organizations with the potential for positive, scalable impact that have not yet built the evidence base or… | Shawnta Jackson, MPH | 36 comments

The Smart Family Fund provides angel philanthropy funding to early-stage nonprofit organizations with the potential for positive, scalable impact that have not yet built the evidence base or sustainability model needed for larger growth funding. Eligible applicants must be U.S.-based 501(c)(3) organizations in good standing with the IRS that can clearly explain how they will measure effectiveness, quantify impact, and demonstrate how their approach is distinct from other organizations in the field. Applications are submitted through the “Send Us a Pitch” portal and require organizational information and a one-page elevator pitch aligned with the fund’s mission. Funding amounts are not publicly listed. Applications are accepted on a rolling basis. Learn more at https://lnkd.in/eYNhqsVB | 36 comments on LinkedIn

Can One Donation a Day Keep Depression Away? Three Randomized Controlled Trials of an Online Micro-Charitable Giving Intervention

Prosocial interventions grounded in social interactions have shown limited effectiveness in alleviating depressive symptoms, possibly because of the discomfort and unease that depressed individuals experience during such interactions. We developed and examined an innovative prosocial intervention—an online micro-charitable giving intervention, in which individuals voluntarily donated at least one Chinese cent (¥0.01, or about $0.0014) daily. We conducted three preregistered, 2-month randomized controlled trials with depressed individuals (Sample 1: N = 125, Sample 2: N = 296, Sample 3: N = 462). Results showed that, compared with the waitlist group, the intervention group exhibited significantly greater improvements in both depressive symptoms (Cohen’s d s = −0.19 to −0.46) and emotional positivity (Cohen’s d s = 0.22 to 0.49), and that emotional positivity mediated the intervention’s effect on the reduction of depressive symptoms. Exploratory analysis found a slightly larger intervention effect for generous donors than for minimal donors. This low-cost, easily accessible prosocial intervention holds potential for the prevention of depression. Statement of Relevance Can donating one cent (specifically one Chinese cent, or about $0.0014) alleviate depressive symptoms? We have developed a practical and effective intervention—donating at least one cent daily on an online charity platform—and have discovered that this intervention effectively mitigates depressive symptoms in depressed individuals. Despite the nominal purchasing power of one cent in contemporary society, this act of giving has been shown to significantly enhance mental health. Our findings could be relevant to everyone in society; charitable donations promote societal harmony and, in addition, offer a cost-effective way to alleviate depressive symptoms. As the intervention instruction asserts, “Charity encompasses love, regardless of its size, as even one cent holds value.”

The Exception Is the Rule: Underestimating and Overspending on Exceptional Expenses

Abstract Purchases fall along a continuum from ordinary (common or frequent) to exceptional (unusual or infrequent), with many of the largest expenses (e.g., electronics, celebrations) being the most exceptional. Across seven studies, we show that, while people are fairly adept at budgeting and predicting how much they will spend on ordinary items, they both underestimate their spending on exceptional purchases overall and overspend on each individual purchase. Based on the principles of mental accounting and choice bracketing, we show that this discrepancy arises in part because consumers categorize exceptional expenses too narrowly, construing each as a unique occurrence and consequently overspending across a series of discretely exceptional expenses. We conclude by proposing an intervention that diminishes this tendency by helping consumers consider their spending on exceptional items as part of a larger set of purchases.

Psychological ownership interventions increase interest in claiming government benefits

Significance Most government benefits programs exhibit a sizable participation gap, with eligible individuals forgoing billions of dollars in government benefits each year. Many policymakers have focused on addressing this participation gap, as receiving government benefits has been shown to reduce poverty, childhood hunger, educational gaps, and physical and mental illness. The current work presents psychological ownership framing as a behavioral science intervention, and we show that it can help address this benefits participation gap. These interventions are subtle, simple to implement, and cheaper to execute relative to logistical interventions. Moreover, the data show that psychological ownership interventions can be more efficacious than other common psychological interventions such as social norms and urgency. , Each year, eligible individuals forgo billions of dollars in financial assistance in the form of government benefits. To address this participation gap, we identify psychological ownership of government benefits as a factor that significantly influences individuals’ interest in applying for government benefits. Psychological ownership refers to how much an individual feels that a target is their own. We propose that the more individuals feel that government benefits are their own, the less likely they are to perceive applying for them as an aversive ask for help, and thus, the more likely they are to pursue them. Three large-scale field experiments among low-income individuals demonstrate that higher psychological ownership framing of government benefits significantly increases participants’ pursuit of benefits and outperforms other common psychological interventions. An additional experiment shows that this effect occurs because greater psychological ownership reduces people’s general aversion to asking for assistance. Relative to control messages, these psychological ownership interventions increased interest in claiming government benefits by 20% to 128%. These results suggest that psychological ownership framing is an effective tool in the portfolio of potential behavioral science interventions and a simple way to stimulate interest in claiming benefits.

The Race to Allocate One Trillion Dollars in Philanthropic Capital

Frontier Lab IPOs are coming, and philanthropy isn’t ready

Money for mutual resilience: Introducing Blacksky Cash

Mutual aid has always been about more than money. But money, shared intentionally, can be a powerful expression of solidarity. This is us building toward that future.

Unconditional cash transfers reduce homelessness

Homelessness is an economic and social crisis. In a cluster-randomized controlled trial, we address a core cause of homelessness—lack of money—by providing a one-time unconditional cash transfer of CAD$7,500 to each of 50 individuals experiencing homelessness, with another 65 as controls in Vancouver, BC. Exploratory analyses showed that over 1 y, cash recipients spent fewer days homeless, increased savings and spending with no increase in temptation goods spending, and generated societal net savings of $777 per recipient via reduced time in shelters. Additional experiments revealed public mistrust toward the ability of homeless individuals to manage money and demonstrated interventions to increase public support for a cash transfer policy using counter-stereotypical or utilitarian messaging. Together, this research offers a new approach to address homelessness and provides insights into homelessness reduction policies.

GiveTrack™ - The future of philanthropy built upon Bitcoin and Blockchain

Funding and Framing Impact in the Neuro Frontier

Representations 04: Philanthropy, FRO, Connectomes, ARIA