In 1993, well before I left my job as CEO of Applied Materials, my wife Becky and I started our family foundation. Giving brings us joy. At the same time, we thought giving locally was important in Silicon Valley, where great need exists alongside great wealth. Becky and I wanted to identify good nonprofits and... Read More
Grantmaking Strategy: Maximizing Your Foundation’s Impact Grantmaking is the culmination of your foundation’s efforts and defines its impact. A strong grantmaking strategy starts with clear goals and well-structured requirements for grantees, making grant management smoother and funding more effective. However, successful grantmaking goes beyond just distributing funds—it involves deeper engagement. Understanding nonprofit financials helps assess... Read More
During the initial years of our foundation, beginning in 1986, none of our trustees had any prior experience serving on a board of directors for a nonprofit organization. Our accountant told us the dollar amount of required distribution and we divided the dollars among the directors. Each of us then selected a nationally known qualified... Read More
Many common themes in philanthropy today revolve around the promises of “Big Data.” Grantmakers are continually called upon to be more transparent and to share their data, but many have become cynical as past data projects failed more than a few times due to incomplete, inaccurate, or outdated data. A misunderstanding regarding how their data... Read More
I have spent my career at foundations, nonprofits, think tanks, universities, and multinational organizations. I have enjoyed elucidating the root causes of complex problems, but I have been frustrated many times by the sector’s inability to generate effective solutions. In 2010, I attended a Stanford alumni event, where I heard a professor speak about design... Read More
This post is the first in a 2-part series on the role of funders in the lively topic of sustainability in the nonprofit sector. Read part 2 >> The series is based on session presentations made by the author at two regional conferences sponsored by the Lodestar Center for Philanthropy and Nonprofit Innovation at Arizona State... Read More