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Empower Millennials to Become Effective Philanthropic Leaders

The social sector is all too aware of the transfer of wealth and decision-making power that will happen in the next few decades. We often discuss how this transfer will affect philanthropy, particularly nonprofits’ board leadership and sustainability, but we need to focus more attention on how millennials can effectively fill the gaps it will create. These young philanthropists are looking to learn how to be effective stewards in ways that reflect what they value most: passion, commitment to outcomes, and deep involvement. Experienced philanthropists and nonprofit board leaders can play a crucial role in ensuring that the next generation of philanthropic leaders sustain—and potentially increase—these organizations’ impact by introducing them to good governance practices.
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