In this piece, Missing: The Power of Peer Networks, I elaborate on comments I made earlier regarding the Magazine's feature section on the future of philanthropy advising. This piece emphasizes the roles of peers as a source of advice.
Legacy Venture, a Palo Alto based peer network of philanthropists, is one of the most interesting models I know. It is a venture capital fund of funds. The original concept was to give donors access to some of the highest performing venture capital funds. In return, the donors use their financial gains to support their philanthropic goals. Over time, LV has nurtured several overlapping circles of donors who rely on their peers' expertise and interests far more often than the original model anticipated. One LV partner even coined a term - "Return on Relationship." The aim of ROR is to understand and maximize the value of both peer relationships and funder/nonprofit relationships.
The March issue of Alliance also includes a review of my most recent publication, Philanthropy and Social Investing: Blueprint 2011. Thank you Marta Rey-Garcia for your kind words. Anyone interested in the seminars that accompany the book should check this information.
Subscribers can read both articles at Alliance.