Episode description
Episode description
Wendy Steele is a changemaker and has the honor of being recognized on Forbes’ 50 over 50. She is the founder and CEO of Impact100, a global network of chapters that each raise $100,000 to fund grants for local nonprofits. In the past 20 years, Impact100 has awarded more than $123 million in grants, making it one of the largest women-led philanthropic organizations in the world. In this episode of the Unlearn Podcast, Wendy joins Barry O’Reilly to share her story of how she founded Impact100 and the impact the organization has had on communities around the world. She also discusses the importance of women's leadership and the power of collective action.
The Power of Empathy
The power of empathy and problem-solving is often the driving force behind meaningful innovation. “When you're bothered by a problem and you can't really get it out of your head, I believe that's because you've got some part in solving it,” she tells Barry. Wendy started Impact100 from a place of empathy and a strong urge to address a problem she noticed in her community. As a banker she noticed that many women felt they didn't have enough resources to make a difference in their communities. After documenting these barriers, she started brainstorming solutions, leading to the birth of Impact100, a global nonprofit organization that empowers women to create transformative impacts in their communities. Barry resonates with Wendy's approach, drawing parallels with his own entrepreneurial journey and emphasizing the importance of customer discovery and understanding obstacles to unlock unmet needs.
The Impact100 Model
The innovative, democratic model of Impact100 brings together 100 women from various backgrounds to make significant contributions to their communities. This democratizes the philanthropic experience, Wendy explains. By setting a standard donation amount, each woman, regardless of her economic standing, contributes equally, empowering her with a sense of agency in the decision-making process. Chapters of Impact100 exist across different regions, and although the model is primarily women-centric, some chapters are gender-neutral, further underlining its inclusive nature. Barry remarks on how negative assumptions about individuals and situations can prevent us from exploring new possibilities; Wendy's model offers a refreshing departure from this mindset. The “power of the crowd” is the same approach they are taking to build Nobody Studios, he tells Wendy.
Looking Ahead
Wendy wants to grow and sustain the Impact100 movement. She aims to provide better support to existing Impact100 chapters so they can reach their highest potential, and to facilitate the launch of new chapters in underrepresented communities. She tells Barry, “Impact has always been built on diversity. Diversity of skill set, experience in every demographic definition... But if we rely on people to raise their hands, we're automatically leaving communities out. And so the best thing we can do for Impact100 to really reach its full potential is to have the ability to evangelize, to go into communities, tell the story, and then help women bring this important movement into their own backyards and watch it grow.”
For full show notes, please visit BarryO'Reilly.com
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