INSIGHTS

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Outstanding Impact from the 2020 Satell Institute Nonprofit-Business Leadership Summit

November 20, 2020

More than 120 Members of the Satell Institute—Business, Foundation and overwhelmingly Nonprofit—participated in the 2020 Nonprofit-Business Leadership Summit. With its compelling theme—Gaining and Keeping Business-Nonprofit Partnerships and its strong focus on strategies for effective RECOVERY, the event was timelier than ever.

Tuesday was an outstanding example of grace under pressure. Although many of the nonprofit CEOs were reeling from news of the city’s shut-down of nonprofit venues and more, they eagerly participated in the Summit. Larry Dubinski, the Institute’s Vice Chair for Nonprofits, was again the perfect partner to host our 2020 Summit. His leadership, enthusiasm and pragmatism were invaluable, and his opening remarks set the stage for candid explorations of strategies for partnering to sustain the region, in spite of the increasing challenges.

Beloved Co-Chair Lorina Marshall-Blake, President of the IBX Foundation and a lifelong champion of nonprofits, welcomed everyone from just in front of the marble feet of Ben Franklin with a pertinent quote: “Tough times never last, but tough people do. When you come to the end of your rope, tie a knot and hang on”. Keynote speaker Pedro Ramos, CEO of the Philadelphia Foundation, first thanked Ed Satell for his vision and steadfastness in advancing the benefits to economic and social prosperity made possible when institutions and their leaders from business and social sectors collaborate and partner. He urged the audience to connect with those individuals and corporations whose values align with their mission, activate those relationships through meaningful engagement opportunities, and then accelerate the impact in the community.

These comments set the stage for a series of takeaways attendees are raving about—including three ideas, even during this difficult time, expressed time and time again by the Panelists: Jim Dever, Market President of Bank of America, Romona Riscoe Benson, Director of Corporate and Community Relations at PECO, Michael J. Van Wagner, Vice President of Public Affairs, NJM Insurance; and Dan Koval, Global Corporate Initiatives Manager From Bentley Systems.

During the discussion skillfully moderated by Sharmain Matlock-Turner, CEO of the Urban Affairs Coalition, the panelists shared insights about key points vital to creating successful private nonprofit partnerships: the partnerships needed to be mutually beneficial, with an alignment of values and include consistent and open communication.

Other key comments included: “CSR really means community, sustaining relationships”; “with many companies looking to strategically manage limited resources, they need to have more impact with their giving. That means knowing what a company has determined to be, its areas of focus become more important for nonprofits to understand” and “We’re looking to support the communities that we serve on the insurance side. So community runs through all of this.”

Nonprofit attendees were thrilled with the networking and idea sharing offered by the Institute’s hallmark, peer discussion groups.  Many cited valuable new relationships going forward, as well as important takeaways.  And the business and foundation executives who moderated and participated in the discussion tables were also strongly impressed with what they heard.  One of the most inspiring impacts created directly by the Summit is shared by Table 3 Moderator Morey Goldberg, Principal of Rose Glen LLC.  Just minutes after the Summit, Morey sent the email at the end of this Insight throughout his company.

We thank the outstanding Summit Committee, our Co-Chairs, Keynote Speaker, Panels and Moderator, and all who participated in the 2020 Summit.

Email sent to his employees by Summit attendee, Morey Goldberg, following and inspired by, the Summit.

Sent: Tuesday, November 17, 2020 12:56 PM
To: Rose Glen
Subject: Our Community is in Need and I wanted to give us an opportunity to respond

As in prior crises, we have gathered funds to help the needy.  We are fortunate to all be able to stay employed and tend to our families.  Unfortunately, based on a seminar I attended for Non-profits this morning, the needs in our community are great and getting worse.  Below is some information shared with me from the head of Philabundance.

Food Insecurity 2018

635,240 people or 11.7%

Food Insecurity 2020, Projected Post-COVID

892,150 or 16.5%

I have decided to ask if you will join me in raising some funds to give out to a few charities to help make a difference.  As I want this to be meaningful, I am prepared to match you dollar for dollar up to $12,500 so that we can have a pot possibly as high as $25,000 with the thought of dispersing $5,000 in charitable donations.  Please email me by Monday your confidential interest level, and I will tabulate the pool and share it with you, and we can vote on a few charities next week.

Those of you that asked, thank you for encouraging me to do this.

All the Best,
Morey

The Satell Institute Welcomes
New Member Harvest Seasonal Grill and Wine Bar

Satell is honored to welcome the Harvest Seasonal Grill and Wine Bar as our newest member. We salute Founder and CEO Dr. Dave Magrogan for his commitment to offer healthy and locally grown food as well as inspiration to others who wish to achieve their big goals. His 4-year substantial commitment to the Brandywine SPCA is indicative of his dedication to contributing actively to our community. Founded in 1929, the Brandywine Valley SPCA exists to end animal suffering and to involve the entire community in the welfare and well-being of animals. Its mission is to put the “human” back in humane animal treatment and advocate on their behalf. Brandywine SPCA’s vision is to be the recognized leader in animal welfare that empowers communities to treat life with respect and dignity.

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