Next-generation impact investing; with Molly Bolthouse Cipiti and Parker Samelson

In this episode, Parker Samelson and Molly Cipiti join Eric and Laurie for a discussion on next-gen involvement in philanthropy and investing. They also share their backgrounds, faith journeys, and the impact of generosity in their lives. The conversation highlights the unique characteristics of the Zillennial generation and their interest in impact investing. They discuss the shift towards project-based giving and the potential for nonprofits to adapt to this changing landscape. The survey results reveal a high level of next-gen involvement and expectations of receiving early inheritances, indicating the ongoing wealth transfer. The conversation explores the influence of the next generation in financial decision-making and the importance of giving them agency. It also delves into the dynamics of healthy and unhealthy family relationships with money. The podcast Ascendance is highlighted as a resource for young adults navigating their own legacy. The discussion emphasizes the need for open dialogue and respect for different opinions. The role of impact investing and the importance of community and support are also explored. The conversation concludes with a focus on gaining an international perspective and the value of learning and growing together.

 

About our guests

 

Parker Samelson co founded Ivywild Capital with Daniel after finding success as part of a general partnership developing a storage facility in Colorado Springs, Colorado. Previously, Parker worked at his family's company Contrarian Holdings and worked as a real estate broker.  Parker received a double major from Wheaton College in Business and Bible.

 

Molly Bolthouse Cipiti does a lot of different things but at the core of it all she loves to execute strategically and create meaningful connections that bring about human flourishing and beauty. 

 

 

Takeaways

• The Zillennial generation is interested in impact investing and co-giving, seeking both financial and social returns.
• Nonprofits may need to shift their approach to attract the generosity of the younger generation, focusing on special programs and different seasons of giving.
• Impact investing offers an opportunity for sustainable solutions to social problems, reducing the need for repeated solicitations.
• Next-gen individuals are highly involved in their families' philanthropy and investing, with many expecting to receive early inheritances.
• The great wealth transfer is already happening, with young adults making significant decisions about the economy, investing, and philanthropy. The next generation is increasingly involved in financial decision-making, and it is important to give them agency and a voice.
• Family relationships with money can range from healthy to unhealthy, and it is crucial to understand the dynamics and address any issues.
• The Ascendance podcast is a valuable resource for young adults navigating their own legacy.
• Respecting different opinions and fostering open dialogue is essential when involving the next generation in financial matters.
• Impact investing can be a powerful tool for creating positive change, and finding community and support is crucial for personal and collective growth.