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Grace Nicolette

👤 Person
138 total appearances

Appearances Over Time

Podcast Appearances

NerdWallet's Smart Money Podcast
Travel Smart, Give Smart: Southwest Companion Pass and Charitable Giving Strategies

Thanks for having me.

NerdWallet's Smart Money Podcast
Travel Smart, Give Smart: Southwest Companion Pass and Charitable Giving Strategies

Thanks for having me.

NerdWallet's Smart Money Podcast
Travel Smart, Give Smart: Southwest Companion Pass and Charitable Giving Strategies

Thanks for having me.

NerdWallet's Smart Money Podcast
Travel Smart, Give Smart: Southwest Companion Pass and Charitable Giving Strategies

I think that effectiveness really has many dimensions. One major dimension is, is the money that you are giving having its intended effect? Is it being well used by the nonprofit that you're giving it to?

NerdWallet's Smart Money Podcast
Travel Smart, Give Smart: Southwest Companion Pass and Charitable Giving Strategies

I think that effectiveness really has many dimensions. One major dimension is, is the money that you are giving having its intended effect? Is it being well used by the nonprofit that you're giving it to?

NerdWallet's Smart Money Podcast
Travel Smart, Give Smart: Southwest Companion Pass and Charitable Giving Strategies

I think that effectiveness really has many dimensions. One major dimension is, is the money that you are giving having its intended effect? Is it being well used by the nonprofit that you're giving it to?

NerdWallet's Smart Money Podcast
Travel Smart, Give Smart: Southwest Companion Pass and Charitable Giving Strategies

And I think that here is an area where, without realizing it, donors actually pick up a lot of quote-unquote conventional wisdom that actually may not serve their goals very well in giving effectively. You want to be as generous as possible to nonprofits. You want to do your homework in advance. and then give so that you can kind of unleash the nonprofits to do their best work.

NerdWallet's Smart Money Podcast
Travel Smart, Give Smart: Southwest Companion Pass and Charitable Giving Strategies

And I think that here is an area where, without realizing it, donors actually pick up a lot of quote-unquote conventional wisdom that actually may not serve their goals very well in giving effectively. You want to be as generous as possible to nonprofits. You want to do your homework in advance. and then give so that you can kind of unleash the nonprofits to do their best work.

NerdWallet's Smart Money Podcast
Travel Smart, Give Smart: Southwest Companion Pass and Charitable Giving Strategies

And I think that here is an area where, without realizing it, donors actually pick up a lot of quote-unquote conventional wisdom that actually may not serve their goals very well in giving effectively. You want to be as generous as possible to nonprofits. You want to do your homework in advance. and then give so that you can kind of unleash the nonprofits to do their best work.

NerdWallet's Smart Money Podcast
Travel Smart, Give Smart: Southwest Companion Pass and Charitable Giving Strategies

That means, you know, if you can, research nonprofits in advance. It's hard to make a really big gift to a group that you don't know very much about and you don't know whether their goals and strategies align with yours.

NerdWallet's Smart Money Podcast
Travel Smart, Give Smart: Southwest Companion Pass and Charitable Giving Strategies

That means, you know, if you can, research nonprofits in advance. It's hard to make a really big gift to a group that you don't know very much about and you don't know whether their goals and strategies align with yours.

NerdWallet's Smart Money Podcast
Travel Smart, Give Smart: Southwest Companion Pass and Charitable Giving Strategies

That means, you know, if you can, research nonprofits in advance. It's hard to make a really big gift to a group that you don't know very much about and you don't know whether their goals and strategies align with yours.

NerdWallet's Smart Money Podcast
Travel Smart, Give Smart: Southwest Companion Pass and Charitable Giving Strategies

But the biggest one that we see is that donors really over focus on overhead administrative cost ratios of nonprofits. There's a sense in which nonprofits should have some sort of percentage of their operating costs that should be as low as possible. we think about it, I know where that comes from, but actually it doesn't really serve a nonprofit well, right?

NerdWallet's Smart Money Podcast
Travel Smart, Give Smart: Southwest Companion Pass and Charitable Giving Strategies

But the biggest one that we see is that donors really over focus on overhead administrative cost ratios of nonprofits. There's a sense in which nonprofits should have some sort of percentage of their operating costs that should be as low as possible. we think about it, I know where that comes from, but actually it doesn't really serve a nonprofit well, right?

NerdWallet's Smart Money Podcast
Travel Smart, Give Smart: Southwest Companion Pass and Charitable Giving Strategies

But the biggest one that we see is that donors really over focus on overhead administrative cost ratios of nonprofits. There's a sense in which nonprofits should have some sort of percentage of their operating costs that should be as low as possible. we think about it, I know where that comes from, but actually it doesn't really serve a nonprofit well, right?

NerdWallet's Smart Money Podcast
Travel Smart, Give Smart: Southwest Companion Pass and Charitable Giving Strategies

You want to make sure a nonprofit has all the resources that it needs to attract the best talent, to have up-to-date systems, to be able to do their best work. And it's really hard to also just have one metric across multiple nonprofits, right? Like if you're comparing a school versus like a animal shelter, those numbers are going to be really different. So instead of

NerdWallet's Smart Money Podcast
Travel Smart, Give Smart: Southwest Companion Pass and Charitable Giving Strategies

You want to make sure a nonprofit has all the resources that it needs to attract the best talent, to have up-to-date systems, to be able to do their best work. And it's really hard to also just have one metric across multiple nonprofits, right? Like if you're comparing a school versus like a animal shelter, those numbers are going to be really different. So instead of

NerdWallet's Smart Money Podcast
Travel Smart, Give Smart: Southwest Companion Pass and Charitable Giving Strategies

You want to make sure a nonprofit has all the resources that it needs to attract the best talent, to have up-to-date systems, to be able to do their best work. And it's really hard to also just have one metric across multiple nonprofits, right? Like if you're comparing a school versus like a animal shelter, those numbers are going to be really different. So instead of

NerdWallet's Smart Money Podcast
Travel Smart, Give Smart: Southwest Companion Pass and Charitable Giving Strategies

Looking at that one thing, because I think donors are often looking for like profit for a business. What is that one thing that I can look at that can just tell me whether a nonprofit is good or not? And I think that it requires a lot more nuance and a lot more education to say, no, there actually isn't one thing you have to really fully understand.

NerdWallet's Smart Money Podcast
Travel Smart, Give Smart: Southwest Companion Pass and Charitable Giving Strategies

Looking at that one thing, because I think donors are often looking for like profit for a business. What is that one thing that I can look at that can just tell me whether a nonprofit is good or not? And I think that it requires a lot more nuance and a lot more education to say, no, there actually isn't one thing you have to really fully understand.

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