We understand that active philanthropy may be a new concept to many. Below are some common questions InterAct for Change hears from our clients and partners. Call us at (513) 458-6680 for more information or for answers to your specific questions.
How is InterAct for Change different from other philanthropic organizations?
First of all, InterAct for Change is interested in your goals and objectives; we are here to serve and support you, not to carry out a community agenda. You can keep your philanthropy as private as you wish or you can be out frontit’s up to you. Our Board of Directors does not have a “top-down” issue-based agenda; their vision is to offer InterAct for Change as a community service. We are a high-quality, customized and personalized philanthropic organization for people with a passion to make their giving count.
Secondly, while we work with all kinds of clients and partners, our specialty is on active and high-engagement givingdefined as a "hands-on" approach, blending intellectual capital and financial contributions to achieve measurable outcomes. By searching for and developing innovative solutions, we inspire, lead, and support our clients and partners in strategic, active, and collaborative giving. We don't just hope for change; we make it happen.
Thirdly, our culture is entrepreneurial and innovative, yet we are serious about accountability, transparency, and stewardship of your trust and your resources.
What will an InterAct client or partner experience?
There are several characteristics that make InterAct for Change a 21st century model of philanthropy:
Whom does InterAct for Change serve?
InterAct for Change works with anyone who is interested in making a real impact through active giving, including:
What is active philanthropy?
Active philanthropy invites people to experience new ideas, new energy, and fresh solutions for their charitable giving activities. It is a “hands-on” approach to giving, involving more than writing a check.
What's the end result of active philanthropy?
Through our strategic and innovative processes, clients become engaged and satisfied philanthropists. In short, InterAct for Change is the organization people can go to when they want to make a real impact with their givingAND see the results.
What is a giving collaborative?
Giving collaboratives provide a peer-driven philanthropic experience to formal and informal groups of people who come together around a cause or a mission. Education and fun are combined with giving to achieve mutually agreed on goals and results. InterAct provides staff support and administrative and financial services as needed to facilitate the process.
What is a Partner-Advised Philanthropic Fund?
A Partner-Advised Philanthropic Fund (sometimes called a donor-advised fund) is a convenient tax-exempt vehicle for people who wish to control their charitable giving decisions over time without the formality of a private foundation.
How did InterAct for Change begin?
In 2002, The Health Foundation of Greater Cincinnati established the Health Foundation Fund. In 2007, BeneFactors, LLC, a consulting and management firm in the field of philanthropy, joined with the Health Foundation Fund to create a full-service philanthropic enterprise. InterAct for Change builds on the strengths of these two organizations to offer a 21st-century model of superlative products and services.
How do I know what kind of philanthropy is right for me?
InterAct for Change Advisors work closely with you to uncover your passions for giving, as well any financial goals you may want to achieve through philanthropy. We help you design just the right solution so that you engage in a form of philanthropy that is meaningful and rewarding for you.
What is venture philanthropy and social entrepreneurship?
Both venture philanthropy and social entrepreneurship have been around for several years, but have become more popular in recent years, especially in some parts of the country. (In fact, some foundations have practiced venture philanthropy for decades.) While definitions vary, venture philanthropy typically is characterized by the giving of time, business skills, and money over a sustained period to achieve systemic change and measurable results. Social entrepreneurship usually involves helping nonprofits develop profit-generating activities.
What is Social Venture Partners?
Social Venture Partners International is a public charity with affiliates in 26 cities around the world. Using specific program guidelines and practices, this diverse network of engaged donors pool their financial contributions and business skills to learn from each other and build the capacity of nonprofit organizations for positive, sustained community impact. InterAct for Change is the regional affiliate of SVPI.