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
Whatever the terminology, a smart investment is one that matches the right kind of capital to the problem you are seeking to solve. If the desired result is solely programmatic, a grant will do. To capitalize a social or environmental initiative while preserving assets for future uses, consider a program related investment. To further mission... Read More
Consultants allow your foundation to gain expertise on a part-time basis without the cost and office space for full-time staff. Moreover, the board doesn’t need to supervise the consultant as they would a staff person. Consultants are skilled professionals who can help you move your program forward. Depending on the task at hand, they can... Read More
Basic requirements for board composition generally are reflected in a foundation’s bylaws or trust document. You’ll also want to consider the qualities you want in individuals who serve on your board. It is helpful to describe the expectations of board members in a position description. Bylaws or trust document requirements Every state has basic requirements... Read More
Experts and experience have shown that the most effective grantmaking in response to a disaster follow the “Four Cs”: Connect with a good source of information about the disaster. Local organizations are already at the scene, know best what is needed, and understand the complex political, social, and cultural context. You might call on: The... Read More
“Few tasks in the foundation world prove as interesting, rewarding, and exhilarating as the site visit,” write the authors of Grantmaking Basics: A Field Guide for Funders. “Site visits can lift your spirits and enliven your day by reminding you precisely why you chose to work in the foundation world.” Make the most of your... Read More