How Data and AI Are Revolutionizing Philanthropy for Nonprofits and Donors
In this episode, the conversation focused on the intersection of data intelligence, artificial intelligence, and philanthropy. A key theme that emerged was the growing importance of data-driven decision making in the nonprofit sector, which, despite representing 5% of the GDP and employing 10% of the American workforce, has lagged behind other industries in the adoption of technology and data practices.
The discussion explored how organizations like Impala are aiming to transform the philanthropic landscape by providing robust data platforms and AI-driven tools to empower both large foundations and small nonprofits. Several points were raised, including the unique challenges philanthropy faces in measuring impact versus the traditional business focus on ROI, the rise of a new generation of data-savvy philanthropists, and how collaborative giving and customized data solutions are shaping a more transparent, effective, and innovative sector.
Tune in as we examine how technology is not just changing the way give, but also who gives, why, and with what outcome—pushing philanthropy into a new age powered by actionable insights and human connection.
Links
- Impala – https://impala.digital/
Time Stamps
00:00 Importance of Data and Relationships
03:59 Joining Impala through philanthropy
09:00 Measuring organizational impact
12:15 Engaging younger donors with data
14:38 Impala’s role in education analysis
20:24 Empowering small nonprofits with AI
22:50 Impala’s AI platform strategy
25:07 Improving investment decisions with AI
28:25 Integrating AI with Data Platforms
32:01 Using AI in philanthropic decisions
34:58 Discussing collaborative giving trends
39:28 Supporting small businesses with tech
42:35 Appreciation and social impact goals
Transcript
If you can't completely articulate how you measure the success,
Speaker:then what is the data that is supportive of that? Because data needs to be
Speaker:actionable. It's not just collection of data. So that's one.
Speaker:And then if that's the case, then the questions that there are people
Speaker:asking, I mean, if many of the investors will probably, or
Speaker:the donors, I should say, make decisions, especially more the individual ones
Speaker:make decisions a lot around relationship, around trust, about
Speaker:exposure, about a friend making a recommendation, hey, you should
Speaker:put some money in the school or you should put some money there.
Speaker:But they are not asking for the data as well because
Speaker:it's relationship driven. Sometimes it's good feeling driven.
Speaker:People want the good feeling of making a donation.
Speaker:And if the investors are not asking, the investors are the
Speaker:donors in this case, then the organization may not provide it. And then
Speaker:that entire data driven approach is not developed.
Speaker:Hello and welcome back to Data Driven, the podcast. We explore the emerging
Speaker:merged industry of artificial intelligence, data science, and
Speaker:of course, it's all powered by data engineering.
Speaker:With that in mind, I have my favorite data engineer in the world, Andy Leonard.
Speaker:How's it going, Andy? Frank. I am doing all right. How are
Speaker:you? I'm doing all right. I like your background. It's very postmodern.
Speaker:Cool, cool. We've had some interesting experiments with
Speaker:teams today on our backgrounds, but without further
Speaker:ado, I would like to introduce our guest guy, Miasnik, who
Speaker:is CEO and chairman of Impala. And I am actually wearing my
Speaker:Impala shirt, but I suspect it's a different type of Impala.
Speaker:I'll take it. You'll take it? You'll take it? Yeah. You should totally
Speaker:roll into it. Impala is the data intelligence platform
Speaker:powering smarter decision making across the philanthropic sector.
Speaker:He joined the CEO after two years of serving as chair of
Speaker:Impala's board of directors. He brings a rare blend of
Speaker:entrepreneurial and philanthropic experience. He's founded three
Speaker:startups, including At Hoc, a mission driven
Speaker:public safety company that secured 250 million
Speaker:federal contacts before being acquired by BlackBerry for
Speaker:million in:Speaker:alongside his business career, he spent decades committed to social
Speaker:impact, founding two nonprofits in education and civic
Speaker:engagement, and serving on the board of the Jewish Federation bay area, a
Speaker:$2.4 billion foundation. He holds an MBA from
Speaker:Harvard Business School, a BSc in electrical
Speaker:engineering, and a law degree from Tel Aviv University. He's a
Speaker:cyclist, photographer, traveler, and private pilot.
Speaker:Wow. Your resume reads way cooler than
Speaker:the average bears resume. Welcome to the show,
Speaker:Brian Candy. Thank you very much. For having me. This is a pleasure and love
Speaker:to have a discussion today with you about philanthropy and AI.
Speaker:Awesome. I think that's a great conversation because
Speaker:I think it's very topical. AI has gotten a lot of bad rep
Speaker:in terms of social responsibility and things like that. I was
Speaker:part of what eventually became Microsoft Philanthropy. The team I was on was
Speaker:civic engagement or basically how to use technology to help cities
Speaker:work better. So this, this, when this came up, I was like, this hits a
Speaker:little warm spot for me. What led you to
Speaker:Impala? Basically, aside from the love of the best car
Speaker:Chevy's ever produced. And he's a mopar guy, so I didn't
Speaker:want to say America ever produced. So I just am deferring. Respect
Speaker:him. I'm going to get it and I'm going
Speaker:to get that show of Frank. I mean, that's a beautiful show. Awesome.
Speaker:So philanthropy and phase of life, let's
Speaker:call it this way. So I've started actually and got engaged with Impala about two
Speaker:years, two, almost three years ago at this point as a
Speaker:user. And it's actually through my philanthropic work I found
Speaker:myself looking for data, real data to make
Speaker:decisions. I mean we are data people. I've been
Speaker:in high tech entrepreneur, founder for years and always
Speaker:was a consumer of data and user of data and
Speaker:applies data in everything I do. And when I got involved more and
Speaker:more in the social sector and doing some social activities at this phase of
Speaker:my career, I noticed that there's a gap
Speaker:and the utilization of data that we are used to in
Speaker:high tech, in investment, et cetera, was not as
Speaker:prolific as one would expect and one would want in the sector.
Speaker:So I started to work with Impala as a user and found it
Speaker:amazing. And then through some connection, the
Speaker:founder of Impala invited me to join the board and their
Speaker:investment group. So I said, you know what, I
Speaker:appreciate that it's not my classical investment, but I said, let's go for it.
Speaker:And I joined shortly after they
Speaker:asked me to become the chair of the board. And through this
Speaker:I had a good match between my startup life and experience
Speaker:and my philanthropic activities.
Speaker:And then last year through some opportunities, I was asked to
Speaker:actually join and run the business. So I
Speaker:joined because of. I found it valuable for me as a
Speaker:user, but more important, I think it's actually a game changer for
Speaker:the philanthropic sector. How?
Speaker:Granted my knowledge of this space goes back maybe 10 plus years,
Speaker:but I don't. A lot of the philanthropic organizations
Speaker:weren't exactly tech savvy. Is that still true? And is like,
Speaker:was that my experience or is that kind of
Speaker:a thing? It's a great question. And
Speaker:our data, you're comparing it, and we are coming from the heart
Speaker:of technology, data, science, et cetera, AI.
Speaker:Now, in general, the
Speaker:philanthropic sector is slower to adapt in the technology space.
Speaker:And again, in every generalization, there are except. And there are some
Speaker:amazing groups, obviously, that are doing a great job. But as a whole, it's a.
Speaker:Slow to adapt. But it's a huge market, and many
Speaker:people don't really grasp the size of it. The
Speaker:entire Nonprofit sector is 5%
Speaker:of the GDP. That's actually the same size of the
Speaker:software and data sector. Wow. Okay, so our
Speaker:sector, software, data, 5%
Speaker:philanthropic, or I should say nonprofit sector, is 5%.
Speaker:Just the giving. The amount of donations that are running in the
Speaker:sector per year is about 0.6 or
Speaker:$600 billion a year. Okay. So that's a
Speaker:huge amount of money. Just the giving element is 2%
Speaker:of the GDP and the rest are other programmatic revenues, et cetera.
Speaker:So we are talking a huge market, employs about 10%
Speaker:of the workforce of America, and it
Speaker:is not at the level that you and
Speaker:I would have expected it to be. So what's way bigger?
Speaker:Yeah, yeah. Interesting. One more question
Speaker:that I'll let Andy ask questions. I don't want to hog the mic. Poor Andy.
Speaker:What makes the challenge different for philanthropic
Speaker:organizations than, say, regular? What's their challenge with the
Speaker:data? Right. Obviously, enterprises have their own challenges that varies by
Speaker:industry. What makes philanthropy
Speaker:philanthropic industry? Time for more coffee. What
Speaker:makes that different? What are the challenges unique to that
Speaker:space? Fascinating question.
Speaker:So I go a step back and look at how do you measure the
Speaker:space and then figure out what's. How does data
Speaker:apply when we look at business, the business side, we
Speaker:measure through our return on investment. Right. How much dollars, how much
Speaker:revenues, growth, things of that nature. It's a relatively very
Speaker:easily quantified measurement of success.
Speaker:And therefore, the data that is supporting that
Speaker:is always in view of achieving
Speaker:that. So if I am Pitchbook. Pitchbook, as you may know, is a
Speaker:very known source of data for private companies.
Speaker:They obviously look and analyze the financial aspects and the potential
Speaker:investment outcome that will come. So the measurement is clear, and therefore
Speaker:it directs the data people to know what to look at and how to
Speaker:analyze the market. The philanthropic sector is not
Speaker:driven by a simple roi. It's not a return on investment. It's not
Speaker:dollars. I like to call it roi, but return on impact. Right.
Speaker:What's the impact? That is Actually, it's making. But how do you measure impact?
Speaker:What's the impact of a school and education versus the impact of a
Speaker:healthcare organization versus the impact of an environmental organization?
Speaker:Different methods, different approaches. And actually in most cases it's not as
Speaker:mature as one would expect. So if the
Speaker:measurement of your market is not as
Speaker:clear and robust as it should be, then how do you
Speaker:get data to play around and play a role here? And
Speaker:that's, I think that's at the foundation of it, right. If you can't
Speaker:completely articulate how you measure the success, then what is the
Speaker:data that is supportive of that? Because data needs to be actionable. It's not just
Speaker:collection of data. So that's one. And then
Speaker:if that's the case, then the questions that there are people asking,
Speaker:I mean if many of the investors will probably, or the
Speaker:donors, I should say, make decisions, especially more the individual ones make
Speaker:decisions a lot around relationship, around trust, about
Speaker:exposure, about a friend making recommendation, hey, you should
Speaker:put some money in the school or you should put some money there.
Speaker:But they are not asking for the data as well because
Speaker:it's relationship driven. Sometimes it's good feeling driven.
Speaker:People want the good feeling of making a donation.
Speaker:And if the investors are not asking the investors, that is the
Speaker:donors in this case, then the organization may not provide it. And then
Speaker:that entire data driven approach is not developed.
Speaker:And I think that's what has been traditionally the
Speaker:challenge. There is a layer now of professional
Speaker:philanthropy that has evolved over the last years, and it's
Speaker:in foundations or in some of the mega donors that
Speaker:is bringing a much higher level of professionalism to the space.
Speaker:And that's what we want to encourage, support and
Speaker:democratize, meaning learning from their best practices
Speaker:and make sure that the entire industry is learning and
Speaker:adapting some of the tools and approaches and work processes for them.
Speaker:Interesting. So it sounds like you're doing what
Speaker:I, you know, in my field as a data engineer, we talk about life
Speaker:cycle management, we talk about governance. And it sounds like
Speaker:what's happening is that whole market, philanthropy as
Speaker:a market is maturing into that space. Is that
Speaker:accurate? I'm seeing that as well, yes.
Speaker:Meaning I'm seeing a maturity process that is happening
Speaker:and some of the dimension is actually driven by technology and
Speaker:frankly by AI as well. There's a couple of interesting
Speaker:trends that are happening. So one element is age of the
Speaker:donors. And sometimes we, we don't think about it this way,
Speaker:but traditionally in the past donors were on the
Speaker:older side of the equation, et cetera. But There's a huge wealth transfer
Speaker:process that is happening now and younger folks are coming in the
Speaker:next generation. This next generation has
Speaker:grown up in the world that we are playing in, right? Growing up
Speaker:of the world of data connectivity, self serving people.
Speaker:Today, when someone buys, they first of all checks online, everything
Speaker:studies online, what's going on and then makes a decision. As this
Speaker:generation becomes the new age philanthropist, they are expecting the same
Speaker:experience as well. I'll give you a story here from a
Speaker:foundation that we were working with and it's a large
Speaker:foundation that provides DAFs. DAFs are donor advisor
Speaker:funds. These are effectively accounts, think about
Speaker:it as charitable accounts for people, for donors to manage.
Speaker:And what they were saying here is they were already seeing and they wanted
Speaker:to encourage younger generation to come in and
Speaker:open these charitable accounts in their foundation.
Speaker:But these younger generation were asking them or looking at what information
Speaker:they provide and it was basically nothing, just the name
Speaker:of the organization and their mission. So very
Speaker:quickly to adapt that to that they requested more data, data
Speaker:about the impact, about the financials, data about the
Speaker:governance so the individual can make actually more robust
Speaker:decisions on their own. And so they took Impala, in
Speaker:our case, integrated into the backend using API
Speaker:and now when they offer the information to their donors,
Speaker:it's a much more robust experience and much more self serving
Speaker:experience from a data perspective. And, and that's part of
Speaker:addressing the next generation. So it sounds like
Speaker:what Impala is providing is perhaps a
Speaker:schema, a way of organizing the data and
Speaker:perhaps flattening that data so that you can
Speaker:apply this to many different not
Speaker:for profits. Is that. So you kind of organize the data that's
Speaker:common across the board to all of the
Speaker:philanthropic organizations. Is that an accurate statement?
Speaker:Yes, thank you, Andy. It's a very good statement. And I
Speaker:explain the process here. So on one side, we are starting
Speaker:with information about each organization so you can get information
Speaker:about the organization in a very consistent, credible way
Speaker:and integrated way. But the next leap is actually
Speaker:very interesting. And that's providing data
Speaker:not just about a single organization, but about an
Speaker:entire sector. Sector that is of interest to you. So Andy, for example,
Speaker:you may be interested in education in
Speaker:New York City, for example. Okay, so Impala is
Speaker:able to look at everything that is education in New York City
Speaker:and provide you who are all the players, who are the nonprofits
Speaker:that are active, who are the funders, how money flows, what are the
Speaker:sources of funding that is coming in. So in one
Speaker:click and this is where AI comes in and where the smart of Data science
Speaker:comes in is in one click you are getting a market view
Speaker:and you're getting basically the forest and not just each one of the trees.
Speaker:And that's a very robust way and very
Speaker:smart way to look at markets
Speaker:as investors. Think about it from investors, from tech. It's very natural for us. And
Speaker:I've been investing for a while. You are not just analyzing a specific
Speaker:company. You are analyzing always the market. You're always asking yourself what's the
Speaker:dynamics of the markets, etc. Who are the players, competitors, et cetera. What
Speaker:Impala does is answers that question. Give me the market in the philanthropic
Speaker:space and position the specific
Speaker:organization within that market to understand where it
Speaker:stands and is it something worthwhile investing in?
Speaker:Interesting. What's your take on the rise
Speaker:of philanthropy among the younger generations?
Speaker:Right. You mentioned that the donors are getting
Speaker:younger. There's also other options like public benefit corporations.
Speaker:Are we heading into a golden age of philanthropy?
Speaker:So it's interesting if you look at the dynamics actually the number
Speaker:of donors is declining so
Speaker:meaning the percentage of households that are actually
Speaker:participating in philanthropy is going down over
Speaker:time, but philanthropy is going up. Meaning that
Speaker:more philanthropy is done by less people.
Speaker:And that's an interesting dynamics that is happening right now or happening in the
Speaker:last years in the market. Saying that there is a
Speaker:different dynamics that is happening is that the younger generation is actually much
Speaker:more impact driven than what
Speaker:I to say it. But my generation was. And then
Speaker:I'm sort of. I'm aging. I'm placing myself right now
Speaker:on the timeline. But and that's actually I enjoy that. I
Speaker:mean I work in Impala and in other companies that I involved in. And
Speaker:I see the younger generation and I see the spark in their eyes about
Speaker:mission oriented and changing the world.
Speaker:And that translates into. Into
Speaker:we're not necessarily selling to always philanthropy, but into social impact of different
Speaker:sort. And that's exciting. I
Speaker:will say that AI specifically is fascinating in this
Speaker:respect because AI at the
Speaker:end and we you spoke about it in some of your other
Speaker:sessions does a very interesting element here in which it.
Speaker:It at the end increases innovation. If
Speaker:you are as an innovator in whatever field it is
Speaker:and social sector is not different. Now using
Speaker:AI you are able to actually implement your ideas in
Speaker:a much faster, easier way without the need to assemble
Speaker:a large tech organization, et cetera. So one of the things that we are
Speaker:seeing is actually increased innovation. So the younger generation
Speaker:may not go to philanthropy per se, but may go into
Speaker:innovation and effectively social entrepreneurial approach
Speaker:using AI and that's, that's another dynamics that we are seeing
Speaker:here. Vibe coding hits the philanthropy world.
Speaker:That's exactly. I'm going to quote you on that. Sure. Please
Speaker:do, please do. Man, you have great taste in shirts,
Speaker:T shirts and cars. But what,
Speaker:what do you think? Because this is a big topic in enterprise world, right. I
Speaker:can understand why the philanthropy world be really into vibe coding, right?
Speaker:Because historically building in software has been
Speaker:a large undertaking. With vibe coding, it's
Speaker:still a large undertaking if you want to do it right, but it's less. The
Speaker:barrier is way less. So do you think that
Speaker:my concern with this. I think one, I think it's awesome because more people can
Speaker:innovate, but the long term unintended consequences. One of my
Speaker:favorite mentors once told me, there's really kind of
Speaker:three things that really make up the universe. Energy, matter, and
Speaker:unintended consequences. And what really
Speaker:concerns me is what's going to happen when the vibe coding
Speaker:apps turn out to be a little
Speaker:more hairy to maintain and run than we thought. Now enterprises, they have
Speaker:money, they have roi, they can kind of manage this risk. They
Speaker:can. Whether or not they will, I think remains to be seen. But what do
Speaker:you think the longer term impact to philanthropy could be like if vibe coding
Speaker:turns out to not be as wonderful as we say it is?
Speaker:So I'm actually somewhat, I'm optimistic in this respect. I mean,
Speaker:maybe because I'm entrepreneurs, I'm an inegonity or over optimistic.
Speaker:Right. But the,
Speaker:I mean the vibe coding will not be a complete replacement of tech people
Speaker:and coders, et cetera, but it will make people
Speaker:who have some technical skills much more self sustaining
Speaker:and innovative. Now when you look at the philanthropic
Speaker:sector, there's about
Speaker:one and a half million nonprofits out there. But out of
Speaker:all this one and a half million, just over a million are
Speaker:tiny Nonprofits, less than 50k in budget. Not
Speaker:everybody's. The Gates foundation or whatever Warren Buffett's doing.
Speaker:Yeah, exactly. And here I'm talking about also the
Speaker:nonprofits, the people who are actually doing this stuff. Now. What does that mean? It
Speaker:means that a lot of what's happening in this sector is actually done
Speaker:by small groups into and very niche
Speaker:use cases. And that's where
Speaker:vibe coding can make a huge difference because that's where
Speaker:relatively, with small amount of resources and
Speaker:dedicated scoped activities, you can make an
Speaker:impact. Now do you need for that a mega application
Speaker:that supports millions of people? No, because the scope of that organization is
Speaker:by definition very small. So I Think the
Speaker:AI and Vibe coding in general will empower these
Speaker:smaller organizations to achieve much more than what they are
Speaker:able to do right now with the resources that they have.
Speaker:And that's for me, an exciting outcome
Speaker:and an exciting future for the philanthropic sector. So the
Speaker:opportunity is there, but the blast radius of destruction is not quite the
Speaker:same as it would be if it was a major bank doing five coding. Got
Speaker:it. Exactly. That's exactly right. By the way, the major ones, the ones that are
Speaker:really doing the bigger players in the nonprofit sector, education, healthcare,
Speaker:etc. They do have a more robust and they really function like
Speaker:normal enterprises that you're familiar with. So they will need to deal
Speaker:with this in the same way as the large enterprises will do.
Speaker:Okay, characterization. I'm sorry, Frank. No, go ahead, go
Speaker:ahead. I love your characterization of it that
Speaker:the majority of the organizations, if you're just
Speaker:counting organizations, are the small, the very much smaller ones.
Speaker:And I see this a lot and just in data in
Speaker:general, in dealing with data in general. If you look
Speaker:at the market cap, then it's very pyramid
Speaker:shaped. At the very top it's a small number of them that are
Speaker:controlling more than half of the market cap easily.
Speaker:But at the bottom you've got these SMBs and that smaller
Speaker:organizations. And I see the hit there.
Speaker:Not that Frank's pessimistic. I don't think he is. I think Frank's a realist. I'm
Speaker:more optimistic, I think, on AI than many and
Speaker:I may very well get burned by it. Frank's my witness. It's happened before,
Speaker:but I agree with you. I see AI as a force multiplier,
Speaker:especially when leveraged in a small team
Speaker:setting. Yeah, absolutely, Andy.
Speaker:And that's exciting because a lot of the activities is happening in that small.
Speaker:I'll connect it a bit into what Impala is and the strategy
Speaker:of Impala in the AI space because we recognize this
Speaker:dynamics. What we are doing now is
Speaker:essentially creating a platform for these small
Speaker:organizations to make it easy for them to
Speaker:do Vibe coding and address their specific
Speaker:workflows, but with the auspices and
Speaker:the support of a company that specializes in data and
Speaker:AI. So obviously MCP that is coming out
Speaker:and very robust way to host and support
Speaker:as well as education and services to create
Speaker:AI based applications for these smaller organizations.
Speaker:And this is a platform that will be coming out soon. Soon
Speaker:and really becoming part of the core element of how we address this market.
Speaker:That's nice. Interesting.
Speaker:So tell me about the. What does the platform do? What does Impala do?
Speaker:Right. Like what if you were talking
Speaker:to a small nonprofit, what would
Speaker:you say to them? Right. I'm not asking to a sales pitch, but I guess
Speaker:I kind of am. But I mean like, because like I. Look, the
Speaker:website's cool. It looks like it's from just a
Speaker:cursory look at it. It looks like it's a data visualization kind of
Speaker:platform where people could then once they get their data in there,
Speaker:can make better decisions based on visualizations.
Speaker:There's probably more to it, but is that a good.
Speaker:Yes, that's the beginning of it. And what we do is really we take
Speaker:data. I mean data. We are in the world of data. Data by itself is
Speaker:not important. The question is, what do you do with the data? Right. How do
Speaker:you make data actionable to improve your operation? That's what we are
Speaker:focusing on in Impala is how to make data actionable
Speaker:and allows you to make better decision. And this can be done for the
Speaker:nonprofit side, meaning those that actually received philanthropic money
Speaker:in order to execute, and to the philanthropic
Speaker:philanthropists, meaning to the donors who need to
Speaker:make decisions about where to invest and where to put their money and
Speaker:capability. So what Impala does is we provide
Speaker:each one of these organizations, each part of this sector,
Speaker:think about it as two sided investors and portfolios,
Speaker:the data and the process by which
Speaker:to improve what they do. So for example, if I'm an investor, a
Speaker:donor, I do due diligence,
Speaker:I go and check for the validity of the organization
Speaker:that they want to put money in. Impala takes the data,
Speaker:takes additional information that the organization can provide
Speaker:and manages for you. The due diligence process, analyzes the
Speaker:information, identifies governance issue, financial issue,
Speaker:integrates news, integrates information from all sources,
Speaker:and provides you a due diligence report so you can make your
Speaker:decision much faster, smarter and easier,
Speaker:looks at the ecosystem that the organization belongs to and
Speaker:explains to you where does it fit and how does it compare to
Speaker:colleagues in the space. So all of these are elements that are being done through
Speaker:robust data. Now, what we are doing with the
Speaker:AI here. So first of all, AI plays a role in actually analyzing all of
Speaker:that information and providing you the capability
Speaker:to review that. But the future of it is
Speaker:now embedded into your own workflow. What
Speaker:we're seeing is that organizations are asking us to create
Speaker:mini applications that take information from their internal sources,
Speaker:external sources, and really create agents of due
Speaker:diligence. These agents communicate and collect information,
Speaker:but they also interact with the grantees, ask for more
Speaker:data and create out of it to Finalize
Speaker:recommendation we are seeing that's really what we
Speaker:do today. And some of it is also where we are taking the company
Speaker:at the next level with the AI platform.
Speaker:Interesting. I
Speaker:just noticed that you have Impalas Suite 2.0,
Speaker:which looks like it was recently launched.
Speaker:What's different in 2.0?
Speaker:If 1.0 was really a large data platform, 2.0 is really
Speaker:articulating the examples I just provided, meaning it's focused on
Speaker:specific workflows for
Speaker:different audiences, for foundations, for nonprofits
Speaker:and for philanthropic advisors. So we basically mapped the
Speaker:market, mapped the use cases and provided
Speaker:data and applications that support their specific
Speaker:workflows. And that's the
Speaker:generation that we are providing right now.
Speaker:Very cool. So you mentioned a little
Speaker:bit some of the features that, that you guys are planning to implement. You
Speaker:mentioned that more support for, I believe you said
Speaker:the MCP servers. I believe you mentioned that as a new place.
Speaker:What else is on the plate that you can talk about? I know you can't
Speaker:give everything away, but what are you planning maybe next
Speaker:or some long, long term vision or maybe even it's
Speaker:an issue that you guys hope to solve later.
Speaker:So you know, there's always a question on a,
Speaker:with data platform, the intelligence platform, how do they play
Speaker:in the world of AI? Because AI and at the
Speaker:end for data can be a major disintermediator, right? I
Speaker:mean you can ask AI and they can collect the information, give you the answers.
Speaker:So that's a key element of the strategy of
Speaker:what's the role of a data layer, an intelligence layer in the world
Speaker:of AI. And that's really where we are focusing on right now, our energy.
Speaker:So we came up with a couple of, with several elements. So first of all,
Speaker:the mcp, as I mentioned, the MCP allows us to take our
Speaker:robust, credible, integrated data and embed it
Speaker:into AI based processes of the organization. So make
Speaker:sure that the data is there wherever you need it as an organization.
Speaker:That's the first element of our approach.
Speaker:The second is using AI to really
Speaker:collect and integrate many more sources of
Speaker:data into our platform. AI is a
Speaker:great place where you can actually collect, robust, connect with
Speaker:additional information, information from web, from private sources,
Speaker:et cetera, in a much more robust way and create a
Speaker:system, create a more, let's call it data
Speaker:with higher level of integrity and credibility. So we use.
Speaker:That's a second element of our strategy. The third one is
Speaker:really agent development. So we believe that in the world of
Speaker:AI actually there's going to be a stronger emphasis on the
Speaker:services side on providing services to
Speaker:organizations and therefore we are developing
Speaker:and building a platform. This goes back, Andy, to what you
Speaker:correctfully identified. Right. For the smaller organizations, how do we
Speaker:give them a credible and ability to create
Speaker:those agents or those applications in a way that is sustainable? We want to
Speaker:do that and support them with that. So our platform becomes more
Speaker:supportive of customized applications using
Speaker:AI, using the credible data that we have for the
Speaker:organization. So three layers, integration of
Speaker:vast amount of data provided via MCP
Speaker:where you need it, and creating a services platform that allows
Speaker:creation of agents and AI applications for any organization.
Speaker:I love that vision and it makes sense, right? Because
Speaker:I mean ultimately data is going to connect and do that.
Speaker:But now that we have data, are there certain metrics? Because again this,
Speaker:you mentioned that the non pro. I'm sorry, the coffee is
Speaker:kicking in now. What would you say
Speaker:is a good metric for.
Speaker:To track? Right, there's obviously the feel good metric. It's also a very relationship
Speaker:heavy thing. It sounds to me like human in the loop here in
Speaker:terms of decision making is going to be critically important. Am I on base?
Speaker:Am I off base? What's your take on that? Yeah, no, that's. That's a
Speaker:great question. That's really a big discussion in the philanthropic space and in general, I
Speaker:mean, what's the role of AI? All of human in the
Speaker:space.
Speaker:The human aspect in the social sector is
Speaker:extremely important and robust. The
Speaker:elements of relationship is core to actually how philanthropic
Speaker:decisions are being made. The elements of trust is core to how
Speaker:philanthropic decisions are made. AI cannot replace
Speaker:that. AI is not there to replace those elements. But
Speaker:AI can make everything else much more efficient.
Speaker:Okay, so if I am a philanthropist, I'm a donor or in my
Speaker:foundation that is working on making decisions, AI can help me see
Speaker:the bigger picture, can look at many more options and places where I
Speaker:deploy my money so I can achieve my mission in a more effective
Speaker:way and extract to me where
Speaker:are the places where I need to focus my own personal time. And that
Speaker:personal time will always go into knowing the people,
Speaker:understanding the impact that they are making, creating the relationship,
Speaker:creating the trust. Because the ROI is not
Speaker:as easily measured as it is in the business side.
Speaker:The trust element is even more so, very
Speaker:important. Business as well, of course, but even more so important here because that's
Speaker:really what sits at the heart of my decisions. So I think
Speaker:the human side will always be extremely important. And if we can make the
Speaker:humans get more information and
Speaker:save them time on the stuff that can, AI can do,
Speaker:they can do their job better on the trust and the relationship aspects.
Speaker:Interesting. What would
Speaker:you say? So it looks like one of the things you have
Speaker:is you have a. And I could be miscategorizing, but
Speaker:you have philanthropy database, which it looks like you can.
Speaker:What's really cool about this is it looks like you could do a search until
Speaker:you see what the. Like, if I want to start a new nonprofit to do
Speaker:something, I can look and see who has donated to several other.
Speaker:I mean, is that kind of the, you know, say I want to come up
Speaker:with a. I don't know, a research fund to help dingoes in.
Speaker:In Maryland. Right. Granted, there's not a lot of dingoes in Maryland, but.
Speaker:But like what? So, but it looks like I can go and I can take
Speaker:a look at a state by state, at least in the US presumably elsewhere too,
Speaker:that you can kind of go state by state. I like the fact that New
Speaker:Jersey was your sample state. That was cool. I spent my formative years there.
Speaker:But if you kind of. It seems like you
Speaker:can get a pretty good view of the industry, if you can call this an
Speaker:industry, I think that's really cool. Like you're basically. It sounds like you're
Speaker:collating all this data and packaging it up as a service. Is that
Speaker:correct? As at least one of the product lines you have? Yes.
Speaker:So a big part of what we identified is the
Speaker:notion that providing just a general database for
Speaker:everybody is complex for people. People need to be
Speaker:focused on their area. So if I am a New Jersey guy,
Speaker:I want to know what's going on in New Jersey. I need to understand the
Speaker:New Jersey market and I need to go and drill down to different aspects. If
Speaker:I'm interested in democracy issues,
Speaker:then I need. I need a place where I can study
Speaker:philanthropy in the democracy space, et cetera, et cetera. So we took
Speaker:that notion and created what we call hubs,
Speaker:philanthropic hubs. And those philanthropic hubs are effectively our
Speaker:database, but analyzed and presented
Speaker:with a specific target audience in mind.
Speaker:Whether it's New Jersey or whether it's South California, we
Speaker:have that. Whether New York or whether it's a cause based
Speaker:element could be the Jewish people, could be
Speaker:Christian faith related aspects, or could be democracy, or
Speaker:could be environmental element as well.
Speaker:So the view is first of all a sector based view
Speaker:and then providing and providing information for people to make
Speaker:decision there. Now it lends
Speaker:itself, frank, to what you were talking about, which is collaborative giving. So the
Speaker:idea of knowing who else is giving in this area and who else is
Speaker:interested in this space.
Speaker:Notion of collaborative giving is another major trend that is happening in
Speaker:philanthropy where more and more
Speaker:funders want to see who else is playing and sometimes come together
Speaker:as a group of funders to support a cause. So our
Speaker:hubs allows you to identify those
Speaker:collaborative giving opportunities, maps different sectors and
Speaker:subsectors who are all the existing giving there. You can compare
Speaker:notes and you can make decisions together. And
Speaker:that's a big part of using data to make
Speaker:more actionable and more accessible philanthropy and smarter philanthropy.
Speaker:It sounds like that philanthropy is going to be
Speaker:radically transformed by not just AI, but data as
Speaker:well. Right. It seems like you're
Speaker:really at the cusp of a brand new age route for this.
Speaker:I believe so, because I think the AI amount, if anything, it's going to
Speaker:do to this sector, it makes it top of mind. Today
Speaker:when you speak with any philanthropy. How do
Speaker:I use AI to improve my work? Is a top question. It's a top
Speaker:priority for every foundation, for every organization, as it is in the
Speaker:business sector. If you get to any board, AI and the use cases
Speaker:of AI is top of mind. Now the moment
Speaker:you speak about AI, you speak about data. Titles
Speaker:connected, of course. So suddenly the
Speaker:dialogue of thinking about AI, technology,
Speaker:use of data, it becomes a primary dialogue in
Speaker:the organization because of the age that we are at right now.
Speaker:And that's a big deal that's changing. It's going to be changing the industry.
Speaker:And that's not something I could have said a few years back before AI
Speaker:became a thing.
Speaker:Right. So yes, I think we are on the cusp of a big
Speaker:change. And it comes
Speaker:from the mindset of AI. It comes from a
Speaker:generational aspect. It also comes from money. By the way,
Speaker:AI money is going to be changing philanthropy. If you look at
Speaker:even the commitment by OpenAI,
Speaker:Sam Altman and Dalio Amodi from philanthropic,
Speaker:basically dedicating 50 to 80% of their money and
Speaker:of their ecosystem to philanthropy. That's huge amount of money that also comes
Speaker:in. So suddenly you have very sophisticated money
Speaker:that is coming in, that is looking for robust uses of data and
Speaker:AI and influencing in a material way the industry.
Speaker:Same thing as Gates, as the foundation has done and influenced the industry in a
Speaker:big way when Bill Gates and Bill and Melinda
Speaker:Gates came in with their investment. So the fact
Speaker:that these kind of mega players are coming in is also going to and
Speaker:will be influencing the sector. And this is part of the dialogue
Speaker:right now in the sectors how to get ourselves ready
Speaker:for such a change and such an impact. Interesting,
Speaker:Interesting. Andy, do you have any questions?
Speaker:No, I'm just fascinated. It is really fascinating because you don't really
Speaker:think about philanthropy and you think about donating
Speaker:to your local goodwill or you think about donating to the
Speaker:soup kitchen or something like that. But you're right, there's
Speaker:any number of things. And the fact that you can explore and see
Speaker:what programs are available for what types of
Speaker:constituents, because they're not really customers, people you want to serve,
Speaker:that's interesting. Anytime you can foster human
Speaker:flourishing, you know, and, and
Speaker:where that intersects with technology, I'm always fascinated by it.
Speaker:So kudos, kudos to you guy, and, and
Speaker:the groups that you work with and, and to Impala
Speaker:for facilitating this, especially for the, those
Speaker:smaller markets. Because it's like you said, the larger companies,
Speaker:they operate just like for profit enterprises in many
Speaker:ways. And the smaller companies, they, they also operate
Speaker:like other smaller for profit companies as well. But you know, being the
Speaker:owner operator of one of those smaller companies, I can tell you there's a gulf
Speaker:between me and the big enterprises.
Speaker:I sympathize and empathize with them. So it's super cool
Speaker:to see somebody not just, you know, deploying
Speaker:technology to help out the smaller companies, but also
Speaker:having that. It's almost like a step beyond that when it's
Speaker:not for profit and hopefully encouraging human
Speaker:flourishing and helping people lead better
Speaker:lives, that's just awesome. Thank you,
Speaker:Andy. And you're touching one of the reasons I got
Speaker:into the space. And I think in general
Speaker:there's a phase in life where sort of you want to figure out
Speaker:ways to combine what you, your knowledge and your experience with
Speaker:making some level of social impact. And for me, Impala is that is
Speaker:a way to take sort of my background in
Speaker:entrepreneurship and tech and data and transform
Speaker:it into an operation and an initiative that can make some
Speaker:social impact through these areas, through data, through
Speaker:AI in the space. So yes, it's exciting and
Speaker:it's exciting things. That's a great feeling when you can have
Speaker:those intersect. Yeah, absolutely.
Speaker:So where can folks find out more about you about
Speaker:Impala? If people wanted to know more,
Speaker:where would they go? First of all, definitely to our website,
Speaker:Impala Digital, that's always available
Speaker:and can get from there. Soon
Speaker:end of July, you will have an ability to do it
Speaker:directly from cloud or others ask for information through
Speaker:our mcp. You'll get it. So that's another place I'm giving you an
Speaker:introduction. But also approach us directly. I mean, we
Speaker:are very approachable, we are very open. And if you have and you're active
Speaker:in the social sector whether on the philanthropic side or whether on
Speaker:the nonprofit side, reach out
Speaker:through our website, contact or get my information and
Speaker:speak with us on how we can help you take your social course to the
Speaker:next level. Very cool. Any
Speaker:final questions, Andy? No. That's great interview.
Speaker:Thank you. Yeah, it was great. Yeah. I could talk to you for another hour
Speaker:or two but we won't be respectful of your time. But no
Speaker:thanks. Thanks for joining and thanks for doing the great work to help
Speaker:people do great work. I think that's awesome. Thank Andy.
Speaker:Thank you very much and thank you for what you're doing as well and hopefully
Speaker:this will help and support many people who have who want to make
Speaker:some social impact out there and leverage data to make that
Speaker:smarter decisions and more impactful efforts.
Speaker:Excellent. Thanks. And we'll let the outro music play. That's great
Speaker:man. I really this is a great interview. Agreed.
Speaker:Yeah, I'm going to stop. Yeah, I love that.
