Serving Clients Full Circle

Writings by Randall

Shrinkflation in Healthcare

Shrinkflation isn’t just happening in your grocery aisle—it’s infiltrating healthcare, too. As hospitals and clinics quietly reduce staffing and services while costs continue to rise, patients are left with longer wait times, overworked staff, and reduced care options. Uncover how these subtle cutbacks directly impact communities, especially vulnerable populations, and raises a critical question: What happens when essential healthcare starts to slip away? Find out how this hidden crisis is playing out right in your neighborhood and what it means for the future of public health.

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A Hidden Cost of Intermediaries in Philanthropy

Intermediaries are essential in connecting donors to nonprofits, but what happens when a significant portion of donations is lost to fees before reaching those in need? What is the real cost of using intermediaries in philanthropy, questioning whether their value justifies the millions they divert from direct aid? Discover how alternative giving models could ensure more funds reach the front lines, and why it's crucial to rethink how donations are distributed for maximum impact. Curious about the true cost of philanthropy?

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Parenting Via ChatGPT?

As artificial intelligence like, ChatGPT, gains acceptance, a recent Fox Business article reveals that nearly half of Generation Z prefers AI career advice over that of their supervisors. While I appreciate AI for fact-finding, I rely more on the experiential lessons from my upbringing and mentors. Ultimately, AI should support our decisions, not replace the invaluable human experiences that shape our lives.

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The Shock of Property Insurance Pricing

Rising property insurance premiums are creating significant challenges for homeowners and the broader economy. Driven by natural disasters and increasing construction costs, these hikes force many to make tough financial decisions, risking their coverage altogether. This article delves into the impact on housing affordability and lending policies, highlighting the urgent need for strategies to address these complex issues. Discover how these trends could reshape the future of real estate.

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When Have Volunteers Been More Valuable? The Answer is Never.

Volunteers. In 2023, their contributions are valued at $33.49 per hour! However, their impact extends way beyond labor savings. Volunteers expand a nonprofit’s capacity, offer specialized skills, and credibility – making them a crucial asset during tight times. The sooner you understand the importance of investing in volunteer engagement, the sooner it will become a game-changer for your organization.

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Not Forgetting Women in Philanthropy

Overlooking women in philanthropy represents a missed opportunity, as they increasingly control significant wealth and demonstrate distinct, impactful giving patterns. Engaging women not only taps into a major financial reservoir but also supports nonprofits with diversified, stable funding and enhanced sustainability. Ignoring their influence risks losing crucial donations and long-term support essential for meaningful impact.

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Misaligned Priorities

As college football season kicks off, the excitement is dampened by stories of players prioritizing financial gain over the game. Recent comments by Oklahoma State’s Mike Gundy and a rumored incident with Alabama’s Nick Saban underscore a shift in focus from football to money, highlighting misplaced priorities. These stories remind us that while financial success is important, relationships, trust, and honor should come first, both in sports and in life.

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Bank Fees Gone Crazy---What Are You Supposed to Do?

A recent Bloomberg article revealed that ATM fees outside one’s bank have surged, with Atlanta's average hitting $5.66 per transaction, despite these transactions being automated. Banks are also now charging for basic services like paper statements, which feels excessive. This shift in banking revenue practices highlights a growing disconnect between banks and customer satisfaction.

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Randall Halletteconomy, value, money
What is an "Affordable Home” Today?

The rising cost of homes reflects a broader issue tied to the American Dream, particularly for younger generations. While traditional home ownership is associated with economic stability and personal benefits, alternative housing options such as tiny houses, prefab homes, and 3D-printed houses offer more affordable and innovative solutions. These alternatives challenge the conventional definition of a home, emphasizing that the essence of a home lies in the experiences and joy it provides, rather than its size or construction method. Redefining what makes a home could address the housing crisis more effectively than sticking to traditional models.

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Collaboration a Must, and Yes, With Other Nonprofits in Our Community

Nearly 20 years ago, an old family friend and community leader highlighted the issue of local nonprofits competing against each other rather than collaborating, which stuck with me. This insight aligns with recent efforts highlighted in the Chronicle of Philanthropy, where organizations like Citizen’s University are working to unite nonprofits to address community challenges more effectively. Trust and collaboration are essential for nonprofits to maximize their impact, but achieving this requires overcoming significant leadership challenges and silos.

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Trillions of Dollars Are At Stake - Are We Ready? Are You Ready?

Ready or not, the impending multitrillion-dollar wealth transfer poses significant challenges, particularly for those unprepared to manage substantial inheritances. Many heirs lack the necessary financial education and estate planning, leaving them vulnerable to poor decisions, legal disputes, and hefty tax burdens. Proactive communication, education, and planning are critical tools needed to prevent the loss of wealth and ensure a smooth transition of assets across generations.

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Olympic Dreams Lead to Great Examples – Of Overcoming Challenges

The Olympics showcase not only physical prowess but the extraordinary resilience of athletes who overcome immense challenges to achieve greatness. Stories like Michael Phelps battling ADHD and depression, Wilma Rudolph defying polio, and Simone Biles prioritizing mental health remind us that success is defined by how we handle adversity, not just the victories themselves.

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The Wrong Capital Project—No Matter How Much It is Needed

A campaign project driven by leadership with no genuine philanthropic connection is unlikely to succeed, regardless of how essential it might seem. While the project's need is clear, its disconnect from what donors find compelling highlights a broader issue in understanding philanthropic motivations. To truly engage donors and achieve impact, it’s crucial to align projects with the values and interests of philanthropists, focusing on making a meaningful difference in people’s lives.

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The Folly of Leadership at Tarleton State: Firing a Faculty Member over a Parking Discussion

At Tarleton State University, a significant parking fee increase sparked controversy when respected professor Ted Roberts was dismissed. Despite positive reviews and support from faculty, Roberts' contract was not renewed until his case gained media attention, highlighting a broader failure in leadership and communication. This incident underscores the consequences of leadership disconnect and the importance of addressing issues with trust and common sense.

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If You Had it, Would You?

Michael Bloomberg's historic donations to Johns Hopkins University aim to eliminate medical students' debt and enhance healthcare quality. His philanthropy promotes diversity in medicine by supporting students from all backgrounds. Bloomberg's visionary gifts highlight the importance of investing in education and healthcare, inspiring potential systemic reforms.

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Doing the Right Thing is Never Wrong

I love working with bright individuals who can foresee potential outcomes and understand the importance of doing the right thing now for future benefits. When a nonprofit faced operational challenges, Hallett Philanthropy helped them adopt best practices, reinforcing credibility and ethics. Their proactive approach proved invaluable when media scrutiny later confirmed their integrity and high standards, showcasing the importance of unwavering commitment to doing the right thing, even when no one's watching.

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Am I Too Loud? Let Me Whisper “Yes”

Reflecting on my days as a quarterback, I cherished the chance to lead and adjust plays on the field, and now, as a coach, I carry that enthusiasm into helping kids enjoy sports, emphasizing improvement and teamwork over winning. My loud voice, often echoing across the field, sometimes draws criticism for being annoying or domineering, yet I strive to remain positive and supportive, ensuring I’m guiding rather than overwhelming the kids. As I navigate coaching and other relationships, I’m constantly pondering whether I should dial down my volume to better listen and empower others.

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