In giving circles, donors raise money collectively and then vote to disburse it to mission-aligned recipients. The money involved is modest, but it is growing. A 2017 study estimated that giving circles may have disbursed as much as $1.29 billion in their entire history, but, naturally, this pales compared to last year’s one-year giving total of $410 billion.
Still, giving circles can be important—both as revenue for local causes too small for philanthropy to notice, as well as for the donors. In fact, for members, the experience can be identity-changing.
Read more from NPQ's article here.