Building trust has been a key part of philanthropy for years for lean funders. Nevertheless, since the start of the COVID-19 pandemic in 2020, trust and strong relationships have taken on an even greater significance. Building strong relationships with grantees doesn’t happen overnight. But from our research, we know that lean funders are perfectly positioned... Read More
A start-up is, simply put, an organization that is relatively new. Typical characteristics of a start-up include a strong commitment to the organization’s mission and to delivering services, a vision driven by the organization’s founder, an informal management infrastructure, a small and homogenous board with many members often performing day-to-day tasks for the organization, and... Read More
Created by members of the Andersen family—founders and owners of the Bayport, MN-based Andersen Corporation—the Andersen Foundation’s primary geographic area of focus is the St. Croix Valley, a mix of rural, suburban, and urban communities that spans the Minnesota–Wisconsin border just east of the Twin Cities. We primarily support nonprofits in Washington County in Minnesota... Read More
Exponent Philanthropy members tell us multiyear grants offer important benefits: Less grantee time and labor to apply and report on grants Less funder time and labor to review applications and reports Greater security for grantees that allows them to look ahead to longer-term goals and plan accordingly A powerful seal of approval that helps grantees... Read More
Most funders ask grantees—prospective and current—to customize their budgets and financial information to fit the funder’s requirements. Project Streamline, a collaboration of grantmakers and grantseekers working to improve application and reporting practices, recommends a different way: Make requests for nonstandard information the exception rather than the rule. Consider the real costs to nonprofits of customizing... Read More
Giving circles have often been called do-it-yourself philanthropy because of their flexible and customizable structures. They are part of a long tradition of collective giving, which, over time, has included mutual aid societies in many immigrant communities and voluntary groups, such as fraternities and sororities, the Rotary Club, and Lions Clubs. Giving circles also have... Read More