Transactional Giver or Transformational Giver: Which One Are You?

In this month’s Waccamaw Wisdom, Karen Minogue discusses two key types of giving (from this Forbes article on the topic.) Suggestions for future topics are always welcome at communications@mywcf.org.

According to Kris Putnam-Walkerly, global philanthropy advisor and author of Confident Giving, Sage Advice for Funders, “Giving happens in many different ways.” Two of those ways are transactional giving and transformational giving. Both types are satisfying, but which type of giving is more impactful?

The Challenge

Images of horrific damage brought on by natural disasters, the likes of which caused hundreds of billions of dollars of loss in the United States, Puerto Rico and the Caribbean, Florida, and Texas in the past 12 months moved many to send money in response. These contributions helped address an immediate need. The same is true when we support a local food pantry to provide meals for hungry families, or make a donation to a domestic violence agency to help battered women escape abuse. This type of transactional philanthropy is important and necessary to help those in immediate danger or crisis.

For many givers, that’s satisfaction enough. However, Putnam-Walkerly asks the question: “But what happens when we think more strategically about the needs in question? What if we think not about making transactions to help meet needs, but about changing the conditions that create the needs in the first place?” She calls this: Transformational Giving.

Transformational v. Transactional

Philanthropy that changes the donor and/or the recipient

Transformational Giving is a term that has lots of other names. Maybe you have heard a few of these terms:  funding upstream, addressing root causes, funding proactively moving the needle. They all mean basically the same thing. The idea is that Transformational Givers are focused on creating change for the better by transforming current practices and policies to improve conditions for entire populations or communities, not just for individuals in need or in crisis. Transformational Giving does not happen in a vacuum.

Transformational Givers:

  • Work with a host of partners. Even the largest funder or giver in the world cannot transform a system or policy on his or her own. Transformational Giving requires the work of many like-minded people, aligned for a common purposes.
  • Identify actions other than money, such as advocacy or research, to achieve their ultimate goals.
  • Communicate openly and often. For people to be willing to change systems and practices, they need to feel informed, heard and included in the process.
  • Leverage all assets available. Money is just one asset that funders can lend to address a systemic problem. In addition, they can lend their reputations, intellects, voices and connections.
  • Commit for the long term. The problems that currently plague society did not spring up overnight, and their solutions won’t either. Funders and transformational givers must be willing to commit to a targeted focus for years, if not decades. Of course this runs counter to the notion that grantmaking from major funders must deliver demonstrated results with a year or two or three in order to be considered a success.
  • Are clear about long-term goals and learn constantly. They understand that transformations are complex undertakings and take time, where long-term goals may be adjusted or modified along the way.

Whatever way you care to give, Waccamaw Community Foundation is here to help.

  • We take a proactive approach to working with donors. We want to build a strong relationship with you so we can help connect you with causes you care about.
  • There are many ways for individuals, businesses, and organization to get involved with Waccamaw Community Foundation, like joining our Community Partnership Program or by giving with us through the Waccamaw Community Trust Fund which works to address the needs of our community.
  • In the past 10 years, we have awarded more than $18 million in grants through competitive programs, impact investing and donor-directed funding.

Community foundations have one thing in common – uniting people from all walks of life who have the desire to make a difference in their community. At Waccamaw Community Foundation, we are dedicated to building relationships so we can better connect our donors with nonprofits working on causes they care about. Whether your income is fixed, average or above the norm, you can give back to your community, leave a legacy and direct dollars to your interest through a charitable fund that you can establish now during your lifetime or later. We offer the following types of charitable funds for your consideration:

Donor Advised Funds              Field of Interest Funds

Unrestricted Funds                  Designated Funds

Organization Funds                 Scholarship Funds

Always consult with your independent attorney, tax advisor, investment manager and insurance agent for final recommendations and before changing or implementing any financial, tax or estate planning strategy.

Karen Minogue is poised to help you set up a charitable fund in as little as one day to support the causes you care about. Call Karen at 843-357-4483 or e-mail her at Karenm@mywcf.org to find out more. 

3655 S. Hwy. 17 Business, Murrells Inlet, SC 29576

843-357-GIVE (4483)

Info@mywcf.org

Our business hours are 8:30 a.m.–5:00 p.m. Monday through Thursday and 8:30 a.m.-3:00 p.m. on Friday.

Waccamaw Community Foundation is an affiliate of Coastal Community Foundation.

Copyright © 2022 Waccamaw Community Foundation

Fundholder Alert

To guarantee that your grants are distributed by the end of the year, please submit your requests by Friday, December 9th at 3:00p.m.

If you have any questions, please contact Shawna Mosley-Foster at 843-357-4483 or shawna@mywcf.org

12/09/2022
3:00pm

Dennis L Wade

Dennis Wade is a native of Lancaster, SC and a graduate of the University of South Carolina. Mr. Wade has been President and Chief Executive Officer of The Jackson Companies since 2001. The Jackson Companies is a diversified tourism, hospitality and real estate development company located in the South Strand of Myrtle Beach. For more than five decades, the Jackson family has instilled philanthropy and community service into their multifaceted group of businesses. Dennis is a graduate of Leadership Grand Strand XIX and a Waccamaw American Leadership Forum Senior Fellow. He currently serves on the Coastal Educational Foundation Board of Directors, the Board of Visitors for the Wall College of Business at Coastal Carolina University, and the Conway Medical Center Board of Trustees. He is also chairman of the Board of Directors of Coastal Carolina Bancshares, Inc. and a director of Coastal Carolina National Bank. Dennis and his wife, Marie, have two children, Erica and Taylor, and have called the Grand Strand home since 1997.

Allen Jeffcoat

Allen Jeffcoat has been practicing law in Myrtle Beach since 1977. His areas of practice include real estate, estate planning, probate administration, environmental law, corporate and business law, and bankruptcy.  He serves as an expert witness in cases in these areas of practice. He is licensed to practice law in SC and NC. He has served as chair of the Real Estate Practices Section of the SC Bar.

Allen’s relationship with Waccamaw Community Foundation began many years ago, when he would advise his estate planning clients to invest their funds to benefit their philanthropic interests, such as education, the arts, and environmental protection. After working alongside his clients and WCF, Allen joined the Foundation’s board of directors in 2007 and served as director until 2016.

In addition to his professional to his professional interests and his involvement with WCF, Allen has a history of supporting coastal and statewide conservation efforts. In 1985, Allen joined the South Carolina Nature Conservancy board of trustees, and fulfilled a variety of leadership roles- including a stint a chairman— from 1987-1989. Allen also served on Governor Carroll Campbell’s Freshwater Wetlands Forum, and continues to apply his experience in environmental and real estate law to help preserve and protect natural resources and ecosystems vital to the local community.

Allen is also a founder and first president of the YMCA of Coastal Carolina.

Allen has resided in the Grand Strand since 1977 with his wife, Mary. They have two grown children and a granddaughter.

Tim Whitten

Tim@mywcf.org

843-357-4483

A native of Alabama, Tim received his bachelor’s degree in business administration from Auburn University and a master’s degree in religion from Lenoir-Rhyne University. He brings to WCF a background in grant writing and in disaster recovery most recently serving the South Carolina Conference of The United Methodist Church.

Tim resides in Galivants Ferry with his wife Julie and their four children.

Phillip Anderson

Director

Phillip Anderson is a Senior Vice President & Senior Lending Officer for Asheville, North Carolina-based HomeTrust Bank, serving the coast of South Carolina. Throughout his 22-year banking career, he has served in commercial banking, trust administration, retail banking, and market leadership roles with mid-size and regional banks in South Carolina and Georgia. He has always embodied the community banking model of building strong local relationships and being active in numerous non-profits and promoting their causes.
 
He is a graduate of Mercer University in Macon, GA, the Cannon Financial Institute’s Trust School, The Stonier Graduate School of Banking and Wharton Leadership program. He is also a graduate of several Chamber of Commerce Leadership programs over his career.
 
Phillip resides in Pawleys Island, South Carolina, with his wife Mary Beth and daughter Carolina. In his free time, he enjoys spending time with his family, reading, and playing golf.

Ellen Barney Sycks

Stewardship & Communications Officer

ellen@mywcf.org
614-893-7998

Ellen serves the Foundation as its Stewardship and Communications Officer, responsible for communicating with fund holders on a regular basis and providing advice when needed, particularly around fund development as well as relevant field of interest information.

A native of Hillsboro, Ohio, Ellen provides more than three decades of non-profit leadership experience, focusing on creating major gift and planned giving opportunities to support organizations’ programs, special projects and capital campaigns. Ellen received her B.A. in National Security Policy from The Ohio State University. She lives in Murrells Inlet with her husband Jay and their two cats, Mabel and Murray.

Chris Hanna

Director

Chris Hanna is a Senior Broker Associate with Coldwell Banker Sea Coast Advantage. Born and raised in Myrtle Beach, he started in the real estate business in 1993. Chris is a member of the Coastal Carolinas, South Carolina and National Associations of REALTORS and is an active local community member as well, having served on various boards such as the Horry County Zoning Board of Appeals, the Coastal Carolina Athletic Foundation, and Horry County school district Carolina Forest Advisory Board. He is a member of the Myrtle Beach Area Chamber of Commerce, Myrtle Beach Area Hospitality and Oceanview Baptist Church. Chris is a graduate of Socastee High School in Myrtle Beach, and he received his Bachelor of Arts from the University of South Carolina at Coastal Carolina in 1992.

Rick Elliott

Director

Rick Elliott is president of his family business, Elliott Realty, one of the most prominent real estate companies in North Myrtle Beach. As a native of Horry County, he has always made giving back to the community a part of his approach to business. Each guest who stays with Elliott Realty is given the option to add an additional $1 per night to their bill to be donated to the Elliott Realty Charitable Community Fund at Waccamaw Community Foundation, which invests in causes throughout the surrounding community. Rick brings this commitment to community philanthropy to his service on the Waccamaw Community Foundation Board of Directors. He has also served as the chairman of the North Myrtle Beach Chamber of Commerce.



Tyler Easterling

Director

Tyler Easterling is a native of Marietta, Georgia and has resided in Georgetown County since moving to the area in 2002. Tyler is the president and COO of The Brandon Agency, an integrated marketing agency headquartered in Myrtle Beach. She is the current board chair for Coastal Montessori Charter School and serves on the boards of Helping Hands of Georgetown and Young Presidents’ Organization Southern 7 Chapter. She is a member of the 2018 Liberty Fellowship class.

Tyler holds an undergraduate degree in Journalism from the University of Mississippi and a Masters of Mass Communication from the University of South Carolina. She is an active member of Duncan Memorial United Methodist Church and enjoys spending time with her husband, Marshall, and two daughters, Julia and Anne Marshall.



Terri DeCenzo

Director

Terri serves as executive director of Women in Philanthropy and Leadership for Coastal Carolina University (WIPL). She is married to Coastal Carolina University President David A. DeCenzo, and when he joined the university in 2002, she became passionately involved with the life of the university, taking an active role in issues relating to student government and NCAA athletics, among others. Previously Terri has served on the boards of the American Red Cross and the Foundation for Georgetown Hospital System and was an adviser to the Safe Families Initiative that established Family Justice Center of Horry and Georgetown Counties. In 2016, Terri was awarded the Order of the Silver Crescent by South Carolina Governor Nikki Haley. A graduate of St. Joseph Hospital School of Nursing and Towson University, she spent most of her career practicing in critical care. The DeCenzo’s have four children: Mark (his wife Jen), Meredith (and her husband Ryan Daley), Gabriella and Natalie; and one beautiful grandson, William Mason Evans.


Executive Director, Women in Philanthropy and Leadership for Coastal Carolina University (WIPL)

Dr. Tracy Bailey

Director

Dr. Tracy Bailey earned a Ph.D. in Education with a specialization in Language and Literacy at the University of South Carolina in May of 2013. She is a Teaching Associate with Coastal Carolina University teaching Intermediate Literacy Development and Instructional Practices for Early Literacy.

Dr. Bailey began her career in education as a high school English instructor and has worked in both rural and urban educational settings. After realizing the impact professional development and community literacy had on her personal and professional growth, she wanted others to experience this. She is the founder and executive director of Freedom Readers, Inc., a nonprofit company dedicated to promoting literacy. Tracy seeks to instill in teachers, students, and the community at large the belief that every student can learn and every learner has the responsibility to pass on new knowledge to another.

Dr. Bailey earned her BA from The College of Charleston- majoring in English Education- and a Masters in Secondary Education from Coastal Carolina University. She is married to award-winning writer, Issac J. Bailey, and is the mother of two wonderful children, Kyle and Lyric.



Brent Groome

Chair

A 1987 graduate of UNC Chapel Hill, Brent came to the Grand Strand area in 1989. After a 31 year career with HTC (Horry Telephone Cooperative), he retired in 2021.  In addition to his current role with WCF, he also serves as a member of the Board of Commissioners for HGTC. He is also active with his church; serving as a Sunday School teacher and congregational song leader.  He and his wife, Dana, live in the Conway area.

Shawna Mosley-Foster

Service and Operations Officer

shawna@mywcf.org
843-357-4483 x200

Shawna, a native of Jamaica, NY, has more than 15 years of experience working in the hospitality and tourism field. Since relocating to South Carolina in 2004, she spent a few more years working with a local hospitality company before joining WCF’s staff.  While a native New Yorker, Shawna has a rich heritage right here in the Waccamaw area. Her mother was born and raised on Sandy Island, and her father is from Bucksport. She enjoys cooking, stargazing with her family, cruising and once retired….RVing! Shawna and her husband are empty nesters and resides in Myrtle Beach. 

Mike Mancuso

Executive Director

mike@mywcf.org
843-357-4483


Mike is a veteran business leader with more than 30 years of experience as an innovative problem solver and change agent for nonprofit, banking and small business organizations. Mike is a skilled economic developer with background in community development, downtown redevelopment, industrial development and strategic planning. His passion is helping Communities and Businesses thrive and grow. Most recently Mike served as the President and CEO of the Triangle East Chamber of Commerce & Economic Development Foundation in Johnston County, NC and as Executive Director for the Sustainable Opportunity Development Center, Inc in Salem, OH. Mike and his wife Christine make their home in Little River, SC. They have 3 children and 5 grandchildren living in Charleston, SC, Atlanta, GA, & Austin TX. Mike enjoys boating on the ICW, tinkering in his workshop/garage and spending time with family and friends.