Microfinance and Micro-entrepreneurs

By: Julia
Julia is a participant in Allowance for Good's Fall 2015 Emerging Leaders in Philanthropy class in the Elmhurst location.
"I am a Catalyst for Good because...
I can be the change I want to see in the world."
Micro finance is a form of philanthropy, that is also a bit like charity. Micro finance has to do with giving money to someone in need. That person is called a micro-entrepreneur. They may want to start a business or keep theirs running. Giving them this money will help boost them up. But, the interesting part about micro finance is that the entrepreneur pays you back. This creates a connection between you and this other person all the way across the world. You communicate to keep checking up on them, and once they pay you back, you can use that same amount of money to loan to someone else. It's a very self sustaining system. I really like micro finance for that reason.

I think this is a very good idea. It's self sustaining, and easy to give too. You don't need to give a large amount of money to make a huge impact. It also creates a connection between two people from different parts of the world. This helps create awareness and a sense of oneness. It impacts not only the person receiving the money, but the giver as well.

Since the money is paid back after the entrepreneur is able too, you can keep on giving that same donation. It also helps make it seem like the entrepreneur is a business partner, rather than a helpless victim. I believe this will help people not be so scared or feel so disconnected from people in need of financial aid. 


Lessons in Corporate Philanthropy

By: Tim
Tim is a participant in Allowance for Good's Fall 2015 Emerging Leaders in Philanthropy class in the Elmhurst location. 


"I am a catalyst for good because...
I want to improve the world"
Tim, at the ELP Elmhurst class.
Corporate philanthropy is the giving of profits or resources from a corporation to a charitable cause. When asked about philanthropy, most people think about cash.  However, facilities, services, and time are also considered types of philanthropy.

Certain employers offer matching gifts programs.  With matching gifts, a company will match an employee’s cash donation to an eligible nonprofit organization at some set ratio. With grants, the company provides a nonprofit with money to accomplish an agreed-upon purpose.  The company can also provide volunteer grants, in which the time of the corporation’s employees is also donated.

Reasons for corporate philanthropy could come from a commitment to the common good, a sense that the company is making a community investment, or even that it is a good marketing tool. Whatever the reason, research has shown that corporations with sound corporate philanthropy perform better than those without it. Emily taught me that corporations should have a social responsibility toward philanthropy.  She taught me that employees of a corporation play a significant role in corporate philanthropy.  Using matching gifts, employees can make a larger donation to their charity.

Employees can also donate their time and expertise, which can be as valuable as money. If a corporation doesn’t currently have a philanthropy program, the employee can be instrumental in providing rationale as to why corporate philanthropy is important and then assisting the company in setting one up. When I am in the working world, I can see myself becoming involved in philanthropy by providing donations of both time and money. I enjoy working with other people towards a common goal, and employing our unique abilities to accomplish it.



Free and Equal: Working towards Equal Human Rights for All

By: Danny
Danny is a participant in Allowance for Good's Fall 2015 Emerging Leaders in Philanthropy class in the Elmhurst location. 


"I am a Catalyst for Good because...
I want everyone to have a chance to follow their dreams"
Danny pictured at the ELP Elmhurst class.
During our discussion about human rights and the sustainable development goals, I was introduced to the Universal Declaration of Human Rights that was written by the United Nations. I realized that many countries do not have the same rights as we are so fortunate to have in the United States, despite the fact that everyone is entitled to the rights. I feel these human rights are important because everyone should have the opportunity to be independent, to make decisions for themselves, and yet in numerous regions across the world, only a few or a small group of these rights are followed, which calls for a need for change. I feel that the most important right is the first right, which is: We Are All Born Free & Equal. It explains the reasoning, stating, “We are all born free. We all have our own thoughts and ideas. We should all be treated in the same way.” I feel that treating people equally has been the one of the most prevalent issues over time, which ties into the second right, which states: Don’t Discriminate. Throughout history, many issues have been caused by people not being treated equally. While many bad things have emerged from discrimination, such as the Holocaust and slavery, there are a few good things that have come from this. The good things stream from activists who have stood up to ensure equality, which is actually the root of our country, as the colonists stood up to England after unequal treatment.

While Malala is passionate about the right of education for women, I am passionate about no unfair detainment. People have the right to move as they wish, and yet many countries do not allow their citizens to leave the country. Many people, for example in North Korea, are placed in labor camps for suspicion of being a rebel despite the fact that they have no direct evidence. This ties to the right to fair trial. I could raise awareness about this issue by exposing that North Korea and other countries have labor camps, because many people are unaware of this issue. The issue with North Korea is that they do not let anyone in or out of the country. Through a Global Awareness Project, I could send materials such as clothes, shoes, and food to Syrian refugees, which is another example of people who have nowhere to go. The Syrian refugees are living in very poor conditions, and they need help.

Understanding How We Spend Money

By: Charles
Charles is a participant in Allowance for Good's 2015 Emerging Leaders in Philanthropy class in the Elmhurst location

"I am a Catalyst for Good because....I want to make a change"
Charles at AfG's ELP class in Elmhurst this week. 


I learned how every little thing I buy really adds up. Almost all the things I am spending my money on is something that is not necessary and I can live without. I was really surprised tracking my spending because I spent a lot more than I even realized. I will definitely spend my money differently now that I realize that I don't need to spend as much money and use it to donate because I know how much farther the money goes in third world countries than it does here. Financial literacy is very important to philanthropy because if everyone realized how unnecessary a lot of the things they are buying then we could use it to change the world.