Board Members and Hyper-Philanthropy™️
Board members play a crucial role in the success of the non-profits they serve and we at THG are in continuous awe of the level of engagement and expertise these volunteers lend on behalf of the missions they are passionate about. Recently, we had the opportunity to recruit membership for a board and we deliberately assigned our trademarked methodology of Hyper-Philanthropy™️ to the process.
Strategic Vision: Your strategic vision provides a roadmap towards a solution instead of just identifying a problem. It often may seem a feasibility study or capital campaign will solve a current problem. Yet, without a shared vision toward the application of the solution and beyond, it can actually be disruptive to your mission delivery. Effective boards think strategically and contribute to the development of the organization's long-term goals holistically by inviting input from the executive staff and other stakeholders.
Culture: Board culture defines an organization’s success or failure. Board members not only need to have passion and commitment to an organization’s mission but they need to foster an environment of teamwork and collaboration with each other as well as with executive leadership. The most effective boards are made up of diverse backgrounds, they are inclusive to any extent possible of the stakeholders they serve, and they encourage the participation of every member.
Behavioral Economics: Behavioral economics studies the effects of psychological, cognitive, emotional, cultural, and social factors in the decisions of individuals. To be effective, board members need to stay informed not only about trends in philanthropy but changes in their organization and the community. This will ensure decisions are well-informed and in the best interest of those being served. Whether conducting a feasibility study or facilitating a strategic plan, THG is always cognizant of centering the voices of a community when issuing recommendations.
Communication: Ultimately, success depends upon the ability of the board (and executive leadership) to communicate. Open, honest communication about goals, strategies, obstacles, etc. will enable the voices of everyone to be heard, hold each individual accountable, and in the long run, strengthen the organization.