Inclusivity in Philanthropy: How Fintech Can Help
The spirit of generosity.
At its very heart, that’s what philanthropy should encompass and celebrate.
But as we know, “philanthropy” is often associated with the perception of great wealth rather than representing noble acts of any able and willing person.
The reality is the rules of philanthropy are changing. Philanthropy is no longer limited to those with the most financial resources to spare, but instead, expanding its reach to allow philanthropists of all types to achieve their goals of giving back.
As philanthropy takes on a more inclusive look, it has the potential to also reshape society. A more democratized approach to fundraising will encourage and promote greater participation in giving. It’s a movement in which fintech will play a vital role.
Here’s why:
Expanded Scope
Taking a step back to look at philanthropy as a whole can help us better understand its broader impact on society. While we may focus our attention in terms of charitable giving, the reality is philanthropy takes on multiple forms, including volunteerism, which is an attractive engagement option for younger generations of philanthropists in particular.
These younger donors are also more likely to give in smaller amounts, which makes financial technology even more attractive. Longer term, providing this audience with an option to easily give now and pay later will also pay dividends down the line as it helps to foster continuous giving, which is key to establishing a strong foundation with donors.
Philanthropy is no longer limited to those with the most financial resources to spare, but instead, expanding its reach to allow philanthropists of all types to achieve their goals of giving back.
Breaking Down Barriers
People want to give. Yet, oftentimes financial barriers get in the way. Fintech aids nonprofit organizations by removing this barrier to ensure donors can give without feeling the financial pinch.
It can break down other barriers as well. With the power to invigorate the everyday giver and make their financial donations feel worthy, no matter the amount, fintech opens the door to philanthropy being seen as an inclusive and engaging opportunity.
Learn how the Social Good's sector's first "Give Now, Pay Later" AI-enabled fintech solution can revolutionize the way you fundraise.