Take your philanthropy and your effectiveness to the next level. Maybe you’ve been practicing philanthropy for a while and you’ve mastered the basics — the essentials you need to create a solid grantmaking strategy and process. How do you take your work and your effectiveness to the next level? It’s one thing to be competent; it’s another to go beyond the basics and really hone your craft. Here are four smart grantmaking practices that will help you do just that: Practice #1: Organize your work around your values. One of my clients was the new CEO of a health foundation. When she started she was delighted to see that words like “evaluation,” “learning,” “transparency” and “results” were written everywhere in the foundation: … Continue reading Beyond The Basics: 4 Smart Practices Of Savvy Grantmakers
How new foundation trustees can have lasting and effective success. Whether you are launching a new foundation, refreshing your giving strategy, or are a new foundation board member, you want your philanthropy to change the world. Yet you feel unsure how to tackle complex social problems and wonder if you have what it takes to make a difference. It’s vital for new foundation leaders to determine your goals and implement your strategy without becoming mired in a culture that stifles effectiveness. To help educate and guide foundation boards toward early and lasting success, I have compiled a list of eight common mistakes foundation trustees often make — and how to avoid them. 1. They make the simple complex. Too often … Continue reading 8 Mistakes To Avoid When Starting Out In Philanthropy
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?
There are many rules of thumb and lists of best practices out there for grantmakers. Yet, so many grantmakers seem to get caught in ruts of practice and policy that hold them back from achieving the effectiveness and impact they want to deliver. Here are five of the most common mistakes that I’ve seen through my practice, and even seasoned grantmakers make them over and over again: 1 – Cutting yourself off from new ideas I believe in the power of strategic philanthropy – being focused on your goals and funding the strategies and practices that you believe will lead to the greatest impact. However, many strategic funders take this idea to the extreme and refuse to entertain new ideas, … Continue reading 5 Common Philanthropy Mistakes You Cannot Afford to Make