Exploring the True Definition of Philanthropy with Ryan Ponsford

In this episode of the Nonprofit Counsel Podcast, May L. Harris, Esq., M.A., engages in a thought-provoking discussion with Ryan Ponsford, the founder of Main Street Philanthropy. Their conversation delves into the essence of giving, the impact of philanthropy on families, and the practical steps individuals and communities can take to foster meaningful connections.

The True Meaning of Philanthropy

Ryan and May start by examining the term "philanthropy" and its connotations. May points out that philanthropy often carries a sense of elitism, associated with large foundations and wealthy individuals. Ryan agrees but offers a refreshing perspective: instead of shying away from the term, Main Street Philanthropy embraces it to challenge misconceptions and make giving accessible to everyone. The organization's mission is to bring philanthropy to everyday people, making it a part of their daily lives.

A Decade of Impact and Innovation

Ryan reflects on the journey of Main Street Philanthropy, which began with a pilot program in 2012 and officially launched in 2013. Over the past decade, the organization has conducted over 100 classes nationwide, adapting to challenges like COVID-19 by digitizing their curriculum. These digital tools, including the Social Fingerprint Index, help individuals identify their personal giving strengths and discover causes they are passionate about. This approach allows people to engage in philanthropy, even without financial resources.

Philanthropy and Family Wealth: A Critical Dialogue

Ryan and May bring up an essential aspect of philanthropy: its role in family wealth management. May shares her personal experience of dealing with inherited wealth and the conflicts that can arise within families. Ryan, who also runs a wealth consulting firm in addition to Main Street Philanthropy, agrees and highlights the importance of discussing philanthropic goals within families. His firm focuses on wealth transition and uses philanthropic strategies to strengthen family bonds and ensure that wealth is used in alignment with family values.

Ryan’s work extends beyond financial planning; it involves addressing the emotional and relational aspects of wealth management. He shares a story about a family concerned about how their wealth would impact their child. Through a combination of financial and philanthropic strategies, Ryan helps families prepare for the future while aligning their resources with their core values.

The Power of Action and Empathy

Towards the end of the conversation, Ryan offers practical advice for fostering connections and empathy in a divided world. He emphasizes the importance of taking action, even when it feels challenging. Using the analogy of going to the gym, Ryan explains that feelings often follow actions. By doing something kind for others, we can cultivate empathy and build stronger relationships.

Final Thoughts

These insights into philanthropy and family wealth management provide a valuable perspective on how to create meaningful impact in our lives and communities. Ryan’s message is clear: understanding and aligning with what truly matters can bridge divides and foster genuine connections.