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How frequently do we question our assumptions about giving? What ‘core beliefs’ do funders sometimes hold that might constrain their impact? This insightful webinar explores the seven most common philanthropic funder misconceptions that can derail even the most well-intentioned giving. Hosted by Kate Stone, Head of Philanthropic Giving at Australian Philanthropic Services (APS), you’ll hear from Jon Stretch, Chair Blueshore Charitable Trust and Lucy Steggles, Head of Major Gifts & Philanthropy, batyr and Executive Officer, Nexus Australia as they discuss 'limiting beliefs’ often held by givers and strategies for avoiding them. For more insights and help with your philanthropy, contact us at australianphilanthropicservices.com.au. Some of the assumptions we’ll explore: 1. Size of donation is what matters most Impact is affected by a constellation of other factors, including: the size and stage of the charity being supported the nature of core activities or services being delivered the innovation and/or disruption occurring as a result the availability and/or diversity of other funding sources for this work 2. It’s arrogant to talk about my giving Many givers worry that if they ‘go public’ with their giving, they’ll be perceived as arrogant, have their motivations interrogated, or be quietly disparaged. In our years of operation, APS has never seen these fears come to pass 3. If the charity’s communication is poor, I’m out the door There are some simple yet effective techniques to prevent miscommunication from your charitable partners. 4. Cash is king in the social economy If you ask charities about barriers to growth, the general consensus is: a lack of funding. So yes, cash really is king for charities! When APS givers get to know a charity partner well, they often begin considering ‘how else can I help with the issues presenting here?’ 5. If they can't measure it they can't manage it While some charities can readily analyse the ‘return on investment’ they offer to donors, much value generated by the charitable sector can be intangible, unmeasurable or even unattributable in its impact. 6. I only fund direct service delivery Indirect costs or ‘overhead’ are necessary for any entity’s operations and health, pivotal for direct product development and service delivery. While it’s prudent to review a charity’s financial statements, understand their cost structure and how particular expenses add value to a charity’s activities, refusing to support indirect costs may inadvertently perpetuate lower capability and effectiveness in the not-for-profit sector. 7. Setting up a charity is a good way for me to give APS receives dozens of enquiries annually from members of the public considering establishing a charity to address a perceived gap in community delivery. Most lead to APS introducing them to one or more existing charities whose purposes mimic their own aspirations.