​​“We can create a future where hope and history rhyme. But we have a problem.” - Katherine Fulton in her TED talk, describes how definition of philanthropy is shifting in the modern world and how the modern world can prepare for it. 

She further elaborates, “Our experience to date, both individually and collectively, hasn't prepared us for what we're going to need to do, or who we're going to need to be. We are going to need a new generation of citizen leaders willing to commit ourselves to growing and changing and learning as rapidly as possible.”
Philanthropy, in its core essence, denotes the act of giving back to the society that nurtures a person. It stems from an altruistic concern for humanity, which manifests in the form of donations of money, time, or talent. However, as outlined by Katherine Fulton, preconceived misconceptions about philanthropy and philanthropic outcomes often dilute the impact it can have on society and mankind. This ideology denotes the importance of picking the right non-profit to support and materialize the vision they hold, rather than being swayed by the predetermined parameters used to categorize them.
Philanthropy in modern world holds considerable significance and manifests in the form of 32 types of non-profits, as listed by Forbes. Under a broader spectrum, non-profit organizations can be classified into five major types, which include charitable, religious, church, private foundations and political organizations. With diverse causes, choices and advices as to who to donate to, people new to philanthropy often find themselves at the juncture of multiple paths. Giving the right way requires research, understanding and defining the emotions, effects and outcomes of the cause one is committing to. Picking the right non-profit requires multiple considerations and actions, which are denoted below.

1. Defining the type of donation
While monetary donations are the most common, philanthropy also includes devoting time and talent to support a non-profit or any social cause. Hence, defining what you want to give is crucial.

2. Understanding the “why” and “what”
Self-reflection and a sound realization of why one wants to engage with a non-profit organization are important. Defining why you are driven to philanthropy and what social causes you feel strongly for will enable you to narrow down the potential organizations and streamline your search in a better manner.

3. Defining the criteria
With the “why” and “what” answered, determine the criteria of your philanthropic work. This includes some relevant considerations such as your budget, kind of organization, duration of commitment and kind of relationship. These will help you pinpoint the right type of organization.

4. Researching online
The internet is one of the best places to look for organizations in your vicinity or worldwide that work for the cause you are looking for. Websites such as GuideStar.org and GreatNonProfits.org can be good starting points to navigate the world of non-profits.
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5. Connecting with the organizations
While considering parameters such as net impact and overhead costs is crucial, these should not be the defining parameters for selecting a non-profit. Connecting with the organizations and understanding their vision, goals and strategies will give a clearer picture of their actual impact and how they align with your vision.

Ultimately, one should decide on the non-profit organization one feels connected to in terms of cause, strategy and impact. The noble cause of philanthropy and its impact can be intensified if empowered by the right education and motivation. As urged by Dan Palotta, shifting the focus of philanthropy from the size of overheads to the size of dreams fosters recognizing the vision, dedication, and innovative solutions of non-profit organizations and ultimately redefining the approach to philanthropy and the way it shapes the future of the world.