I’m in the middle of a two week vacation from the hurriedness of work. The first week was spent celebrating Christmas like crazy, with every possible branch of the family. This week is going to be downright Zen by comparison. I’ve been taking this quiet time to do some long term thinking about my life and how I’d like to spend it and money is part of this thinking. Before some of you get all social justicey on me and say “Trista, you have committed your life to the nonprofit sector and to eliminating economic injustice, money is just a tool of the Man. You don’t need that!” Let me just say, yes I do! I’ll even add yes, you do, too. I do the work that I do because I love it, not because of the paycheck. But if I don’t have my financial house in order it increases the amount of time that I am stressed about money and makes it more likely that I make career and life decisions based on dollars and not based on passion or where I can make the biggest difference.

So I’ve been getting my money right for the last few days. I’ve been using Mvelopes for the last few years for proactive budgeting (you set aside money for specific purposes before you spend it) and I just started using Mint.com to look at the bigger picture of our income and liabilities. Yesterday I took the next step and developed a ten year financial plan for our family. Yes, I know that is so nerdy of me and is making many of your cringe at my over planning, but whatever. Ten years gives me a clearer picture of the big things that we are working towards and makes small steps to reach those goals much more manageable. It also helps me and my husband stay on the same page when it comes to giving up small purchases now for big payoffs in the future.

Our plan includes our top 5 goals for the next 10 years, along with charts that help us track our progress on those goals. Here are the things that make the physical plan work for me:

• It includes accounts and hints on usernames and passwords so I can easily update
• The plan only needs to be pulled out once a year to update and to change our current financial practices to meet the goals (e.g. increase amount we put into 401K)
• It doesn’t just include dollar goals, it also includes things that get us excited like becoming a benefactor to causes that we are passionate about (more on this in different post)
• It includes pictures because it is more likely that I will look at it if it’s pretty (I love Mac Pages software)

I spent a lot of time in the past ignoring my financial state because I thought that the more I knew, the more stressed I would be. I have finally come to a place where I understand that ignorance is not bliss and that how I spend the money that comes into my life is an important part of who I am and how I want to change the world.

What are you tips for getting your money right?

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I’ve been posting most of my links to philanthropy gossip, nonprofit news, and social sector stuff on Twitter at twitter.com/tristaharris. Below are some of my most recent posts.

Click here to follow my Twitter updates.

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Open Society Institute grantees David Miller and Matt Stevens recently told me of a scenario that occurred in September: A 14-year-old boy returns home after 2 am on a school night. He and his mother get into a shouting match. The academic year isn’t a month old, and he’s already been kicked out of two schools and is dealing dope. The mother slaps him in fear she’s lost control. He reels and strikes her back, harder.

After she phones 9-1-1, the police come. So does social services. Her son is arrested. Her other kids are removed from the home. The next morning, the leader of her son’s gang threatens to kill her if she ever phones the police on her son again.

This scenario is reminiscent of numerous phone calls and messages (as many as 40-50) that Miller and Stevens receive per day from single-parent mothers around the country in greater or lesser degrees of peril. Read the rest of this entry »

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There is a lot of time spent by philanthropoids (people who give away money for a living) on stuff that really doesn’t make too much of a difference. There are the piles of paperwork, the endless meeting, and then more paperwork from the meetings. You are left with this subtle and sometimes not so subtle feeling that we aren’t fixing anything. Then, every once in a while, the clouds part and you have the honor in taking part in a project or working with a grantee that you are sure will change the world or your little corner of it.

For me, that project is the African American Leadership Forum.   I’ve been involved with this project, which is designed to bring African American Leaders together to develop a shared policy agenda for the Twin Cities, over the past year. The idea behind this project is that the African American community has all of the resources that it needs to be successful, already present in the community. The issue is that each of us has been hiding our special ingredient (talent, resource, knowledge) in the cabinet and haven’t pulled it out to benefit the larger community. The African American Leadership Forum is a method to pull those ingredients out and develop a promise to each other and the community that we will bring all that we have to lift each other up so that we can all be successful together.

Headwaters has recently taken over the project management of this initiative from the Northwest Area Foundation and I couldn’t be happier. It is one of those special instances in philanthropy where the role of the funders isn’t to write a check and walk away or stay around to dictate the future direction of the project. Our role is to support and learn from over 160 volunteers that are leading this project. That’s the best place for us philanthropids to be, in the background providing the resources for communities to determine their own solutions and their own methods.

Taking a back seat to community is also a sometimes nerve wracking place to be. You don’t get to determine the process from on high; without a centralized place for all information to go through, you sometimes get the telephone effect of mis-understanding and sometimes purposeful misinformation from those who don’t want to see a community-led process succeed; and instead of just being responsive to your board of directors, you report back to a whole community with competing priorities and preferences.

After reading all of those drawbacks, I wouldn’t be surprised if you were relieved to go back to the relative peace and tranquility of your desk. But, the purpose of philanthropy isn’t for us to be comfortable, it’s to make a communities a better place. So let’s jump right in!

What project of your foundation or organization makes you proud to be a part of the sector?

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I had the opportunity to spend some time with Robert Espinoza, Director of Research and Communications for Funders for LGBTQ Issues, at a conference a few weeks ago. I always enjoy meeting people that are passionate about their work and that are committed to making the field of philanthropy better and Robert is one of those people. Funders for LGBTQ Issues recently released a toolkits for funders and below is a post from Robert explaining why the toolkit is so needed in our field. From Robert:

At Funders for LGBTQ Issues, a national philanthropic group that studies US foundation giving to lesbian, gay, bisexual, transgender and queer (LGBTQ) communities, a flash bulb in our annual research shed light on a lingering disparity.

In 2007, our research tracked 71 foundations in the US that gave roughly $3.6 million to organizations explicitly serving LGBTQ people of color. Considering that the broader philanthropic portrait contains more than 72,000 foundations giving nearly $43 billion, support for LGBTQ people of color revealed itself as a blip, an almost invisible pixel.

Sociology teaches us that societal barriers play out through our economy, public and institutional policies, mass media and everyday interactions. They rear their heads as bigotry, stereotypes and unfair representations. They persist from generation to generation, seemingly intractable and often coded in values of individualism. “If the lone, talented public figure can make it,”—goes the myth of meritocracy—“why can’t everyone?”

And yet for decades, studies have emphasized how deeply embedded discrimination, produced across generations, has critically impacted the quality of life and self-advancement of communities of color—despite the same level of individual effort. For LGBTQ people of color, these conditions are exacerbated by attitudes and structures that treat people differently based on their sexualities and their gender identities and expressions.

As evidence, a growing body of research continues to demonstrate this “heightened vulnerability” among LGBTQ people of color—to health risks, verbal and physical violence, and institutional discrimination, among other areas. LGBTQ people of color also face the disregard of institutions; they are relatively unexplored as research topics and rarely considered as constituencies affected by public policies or in need of culturally and linguistically sensitive services.

So what happens when organizations that were set up to reverse these conditions receive little support from philanthropic sources? What becomes of a healthy civil society when its most vulnerable populations remain impoverished? Is this how philanthropy upholds its purpose?

Read the rest here.

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The holiday season has me thinking of family, related and otherwise. Marian Wright Edelman’s Prayer for Our Children from her book Measure of Our Success is one of my favorites.

By MARIAN WRIGHT EDELMAN

We pray for children
Who sneak popsicles before supper,
Who erase holes in math workbooks,
Who can never find their shoes.

And we pray for those
Who stare at photographers from behind barbed wire,
Who can’t bound down the street in a new pair of sneakers,
Who never “counted potatoes,”
Who are born in places we wouldn’t be caught dead,
Who never go to the circus,
Who live in an X-rated world.

We pray for children
Who bring us sticky kisses and fistfuls of dandelions,
Who hug us in a hurry and forget their lunch money.
And we pray for those
Who never get dessert,
Who have no safe blanket to drag behind them,
Who watch their parents watch them die,
Who can’t find any bread to steal,
Who don’t have any rooms to clean up,
Whose pictures aren’t on anybody’s dresser,
Whose monsters are real.

We pray for children
Who spend all their allowance before Tuesday,
Who throw tantrums in the grocery store and pick at their food,
Who like ghost stories,
Who shove dirty clothes under the bed and never rinse out the tub,
Who get visits from the tooth fairy,
Who don’t like to be kissed in front of the carpool,
Who squirm in church or temple and scream in the phone,
Whose tears we sometimes laugh at and whose smiles can make us cry.

And we pray for those
Whose nightmares come in the daytime,
Who will eat anything,
Who have never seen a dentist,
Who aren’t spoiled by anybody,
Who go to bed hungry and cry themselves to sleep,
Who live and move, but have no being.

We pray for children who want to be carried and for those who must,
For those we never give up on and for those who don’t get a second chance.
For those we smother … and for those who will grab the hand of anybody kind enough to offer it.

Please offer your hands to them so that no child is left behind because we did not act.

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This will become one of those posts that gets me in trouble but it won’t be the first or the last post that has done that, so here we go… When I decided to go to a historically Black college, there were a variety of factors behind that decision but the biggest factor was that I was sick of always trying to explain that racism really existed and I felt like I was spending too much time in high school being the “Black representative” on every topic. I developed a strong personal and educational footing at Howard because I wasn’t spending all of my time dealing with the issues of race, class, and privilege, when I should have been studying for a stats test.

So what does this have to do with philanthropy? There are also times in your professional development that you have the choice of spending time with people that are like you in some way. Through affinity groups and your own professional networks, you decide what types of people you spend time with. I have had amazing experiences with the Association of Black Foundation Executives, Emerging Practitioners in Philanthropy, and the Funding Exchange. I’ve been trying to figure out why I feel so connected to those networks and why some of my best thinking about my organization and my own professional development often happens after I have been spending concerted periods of time with peers from those groups. Here’s what I’ve come up with:

1) Diversity is important but it is also hard work. Getting people to understand where you are coming from can take most of the conversation and then you might never get to talk about the action.

2) You can do the deep, intensive work when you are with like-minded or like-experienced people that you don’t have to tell that backstory to.

3) Being with people with similar backgrounds and experiences can be a time of regeneration. You can take down some of your barriers and think about who you are and what to bring to this work.

There is a time and place for spending time with people from backgrounds different than yours. Those experiences stretch your perspective and help you see new solutions to old problems. My point is be purposeful and find times where you can spend some reflection time with people that have similar backgrounds.

How are you supporting your personal and professional growth by spending time in both segregated and diverse environments?

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I am a big Ace of Cakes fan. The most obvious reason is that I like cake and they make cake. But that can’t be the only thing because Cake Boss makes me want to poke myself in the eye. I finally realized that I enjoy Ace of Cakes because it is one of the few examples on television of a happy workplace. Here’s what Duff and his team have taught me about good management:

Give staff parameters but be flexible in process and final result. If a client asks for a cake that looks like a tackle box and it needs to serve 50 people, those are pretty clear parameters. Is the tackle box on a wooden dock made out of fondant? Is there a airbrushed cake fish that looks like it ready to jump back into the water? That’ up to the staff to decide. The client is happy because the cake is better than their expectations and the cake artist is happy because they were able to make something that was their own creation.

Create an environment of teamwork. You have two hours to finish a cake and it’s only halfway decorated. Does everyone say “thank goodness I met my deadlines, good luck to that sucker?” No, they all pitch in to get it done because the organization’s reputation is riding on that completed cake and everyone is equally impacted by that. You also want people to be willing to pitch in when you need help, so you don’t want to be know as the one who left their teammate holding the cake.

Play to people’s strengths but let them stretch. Are you great at making cakes that look like other foods? Fabulous, now create a detailed replica of this apartment building. Stretching yourself and asking your staff to stretch makes sure that people don’t get complacent and bored. It also ensures that you have staff with an expanding skills base.

When things get screwed up don’t spend time worrying about who’s to blame, fix it. Did your co-worker bump into your completed cake and leave an elbow print in the fondant? Great, what a wonderful chance to create a decorative flower to fill that whole. Expending energy on blame just makes it harder to fix the problem and it also takes up a lot of time.

Build’em up. All of the staff on Ace of Cakes spend a lot of time admiring their co-workers creations and the skill that it took to make it. They don’t give this praise behind closed doors, they give it in person and they do it so everyone hears. Duff also works hard to pull together fun activities for the staff to do together. It’s a hot day? Great, ice cream for everyone. We’re working on a cake for cranberry farmers? What a great chance for all of us to get into waders and work in a cranberry bog and have a cranberry fight. These little things lead to a happy staff that are committed to you as a manager and to your organization.

What do you do to create a cake’o'rific working environment for your team?

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Thanks to Dunechaser at Flickr for the image

If you looked at my list of mentors you would probably be shocked. On that list you would see a couple egotistical jerks, someone that overshares to a degree that makes you cringe, some bad parents, terrible bosses, a self-promoting lunatic, and a lot of selfish spouses. These people aren’t my mentors because I have bad taste in mentors. They are my mentors because they have other amazing redeeming qualities and I only look to them for advice in the areas that they excel.

Penelope Trunk gives great advice about how to move ahead in your career, she’s also a great blogger that shows her personality in her writing. I once sent her an email asking for advice and she wrote back and told me that she loved the language in the blog header that you see above. I got so giddy, I felt like a blog groupie. “OMG, she knows I’m alive!!!!” I love all of these things about Penelope and turn to her blog for advice when I need a kick in the butt when it comes to my career but Penelope as a wife and then ex-wife make me cringe. My biggest fear as a career-focused person is that I’ll alienate the people that I care most about, so I don’t go to her for marriage advice.

Tim Ferriss is another mentor from afar that has been so useful as I have been figuring out my career path. He wrote the 4-Hour Workweek and taught me a lot about getting to the most important part of my workday and even more about figuring out what I am working for. He is a shameless self-promoter and it’s been working pretty well for him. I don’t go to his blog for advice about modesty.

I also have a wide-range of more traditional mentors that I actually have met in person, of all crazy things. I usually ask them for more in-depth advice about a problem I am facing because I’ve seen them handle the same thing expertly or because I have heard people talk about them and that issue is something that always comes up as a strength. Most of them are older and have more experience in philanthropy or some other field. Some are younger and are just naturally gifted in that area or have been become an expert on negotiation or networking through pure will. Those are the people I like to talk to the most because they give me hope that I can learn those skills too.

Don’t sit around waiting for you fairy godmentor. Find people around you and far away that have skills that you want to cultivate and ignore the parts of them that you don’t want to emulate. You’ll get more out of the experience and you won’t be disappointed because you can’t find that perfect match.

Who has been a helpful mentor for you and what skills do they have that you want to develop?

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One of my pet peeves is when people and organizations shoot themselves in the foot because the lack the vision to see the big picture. This is especially obvious when it comes to many in the nonprofit sector fighing against a change in the charitable tax deductions of our wealthiest donors to help pay for health reform.

Many of our organizations are serving the uninsured and underinsured. We deal with school children who misbehave because they have an undiagnosed hearing problem or a cavity that hasn’t been filled, we serve families that have gone bankrupt because they have an emergency room bill that they can’t pay, and we suffer the effects of a  weaker economy because people can’t afford the health insurance costs if they left their job to start a small business. We are already paying the price without the benefit of universal care.

I will get off my soapbox now and let E.J. Dionne from the Washington Post say this much more eloquently.  From E.J.

If the uninsured can’t count on the do-gooders to help them, where else can they turn?

The question arises because certain leaders of the sector of our society devoted to civic endeavors moved this week to block a perfectly reasonable way of raising some money to extend health coverage to those who don’t have it.

At issue is a proposal by a number of senators, including Jay Rockefeller and John Kerry, to cap tax deductions taken by the well-to-do. Their suggestion wouldn’t even unsettle existing deductions, and it is far more limited than a sensible idea along the same lines put forward earlier by President Obama.

With the Bush-era tax cuts set to expire in 2011, the marginal rate on the top income bracket is scheduled to rise from 35 percent to 39.6 percent. This affects only families with taxable incomes of roughly $370,000 a year or more.

To help pay for expanded coverage, the senators are proposing that the itemized deductions taken by those with high incomes be capped where they are now. So beginning in 2011, people in the top bracket who made charitable contributions would have them offset against taxes by 35 cents on the dollar, not 39.6 cents. People in the next bracket down, $210,000 to $370,000, would still get a bigger deduction than they do now. The plan is estimated to raise about $90 billion over a decade.

At the beginning of the year, Obama proposed limiting the deduction to 28 cents on the dollar, which would have raised more than $300 billion and solved much of the health-care financing problem.
But Obama’s idea was shot down, and now, a group of charitable leaders — including representatives from the Council on Foundations, the American Association of Museums and, shockingly, the American Institute for Cancer Research — wants to kill the new proposal, too.

 

Read the rest here.

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