Grantmakers are always looking for impact. We define the quantitative outcomes we want to achieve with our funding. We collect qualitative evidence through stories of those whose lives are changed as a result of our work. But we often forget to look for and capture the “ripple effect” of the grants that we make. Here are two examples: The William and Flora Hewlett Foundation recently gave a grant to the Community Foundation of Sonoma County to update its business model. As part of that updating process, the Community Foundation is collecting and curating data about the business models of other community foundations across the country. They will share that information widely with their peers, who are hungry for it. Hence, … Continue reading Looking for Impact? Don’t Overlook the Ripple Effect
You’re completely committed to supporting others with your giving, and you’re doing everything possible to ensure that every penny of your charitable assets is going directly to the nonprofits that need it. That’s how you ensure the most effective use of your philanthropy, right? Wrong. Squeezing every penny into the philanthropic pipeline isn’t the same thing as ensuring effectiveness. In fact, penny-pinching during the philanthropic process may do more harm than good to those you wish to serve. Many individuals and foundations think they’re being good and prudent stewards of charitable assets when in fact they are withholding investments that could open the doors to greater productivity and more access to additional philanthropic capital. I call this operating with a … Continue reading Is Your Giving Hampered By A Poverty Mentality?