To document an investment process that helps your foundation sustain its organizational purpose and achieve its giving goals, a comprehensive investment policy statement (IPS) is vital. The benefits of a well-crafted IPS You should strive for an IPS that does more than simply allow you to “check the box.” A valuable IPS will go beyond... 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
Exponent Philanthropy member Fran Sykes and fellow trustees of The Pascale Sykes Foundation use a mix of state data on school achievement and information from other government agencies to set the foundation’s funding priorities. She points out that others can use similar information too: “Every state has KIDS COUNT. Every state has stats from its... Read More
Even on the smallest scale, evaluation can: Provide information for decision making. Measure progress and motivate your board and staff. Help you to be as effective as possible with limited resources. Help you to be transparent and credible. Help you to learn, plan, and improve all aspects of your work. Set the stage If you... Read More
What are we trying to achieve with our grants? You can answer this question in many ways, and one way to start is with how and what you fund. These components shape your philanthropic orientation, the unique way that your foundation approaches the funding process. The how of your giving hinges on how you choose... Read More
From tough economic times come smart strategies like the following that are worth keeping in mind in good times as well as bad. Revisit your goals As foundation leaders face tough decisions, many are stepping back to reconsider their guiding principles, including mission, vision, and values—a good practice from time to time in any grantmaking... Read More