Call ‘em what you want – in my 18 years advising foundations and philanthropists I’ve seen the terms “regional association of grantmakers,” “funder networks,” “affinity groups,” “philanthropy communities,” and more – and now the new term is “philanthropy-serving organization” (PSO). Whatever you call it, the value is timeless – bringing funders of similar interests, types, sizes, and/or geographic locations together to network and learn from each other. In my work advising foundation CEOs, I’ve noticed that as leaders transition to new roles and move to new organizations, and as foundation priorities and grantmaking strategies evolve, many funders fail to take advantage of – and sometimes fail to even notice – PSOs that might meet their evolving needs. For example: Consider … Continue reading There’s a Philanthropy-Serving Organization for That!
Donors and foundation leaders often expect nonprofits to collaborate, but they less frequently turn that expectation on themselves. Yet there is tremendous opportunity to exponentially expand impact through funder collaboration. In fact, it is rare for an individual or a funder to produce meaningful research or develop an idea all alone. Collaboration allows for greater leverage of ideas, investments, and reach to better ensure that research is thorough and conclusive, and that new products or approaches work and are relevant to those they’re intended to serve. What does it mean to collaborate? Funder collaborations happen in many different ways, all of which leverage the strengths of each collaborative partner to achieve a common goal. Collaborations can be formal and complex, with written agreements and well-defined roles and … Continue reading Get in the Spirit of Collaboration