As would be expected, a foundation’s specific due diligence program (e.g., staffing, expertise, structure, scope) for both investment due diligence and operational due diligence (ODD) will be impacted significantly by the investment model it currently follows (i.e., investment duties managed by foundation board members, internal investment staff, an outsourced chief investment officer, or a mix... Read More
Our country’s philanthropists have unique qualities and assets that create the power to catalyze change, including financial and human resources, the freedom to take risks and take the long view, and a broad perspective on communities and issues that no one else in our society has. Can more philanthropists embrace their power to provide the... Read More
Developmental evaluation is a hot topic in philanthropy today. It emerged in response to the need for real-time learning in complex and emerging situations—just the situations in which funders tend to find themselves when working with others to find innovative solutions to social problems. “Evaluation is about critical thinking; development is about creative thinking,” writes... Read More
Three funders became activists, brokers, advocates, and catalysts for change. These are their stories. The 1772 Foundation: Creating a revolution by practicing historic preservation The 1772 Foundation in Rhode Island became an expert in its national funding focus: historic preservation. By developing deep knowledge and insight, and paying careful attention to new ideas, it nurtured... Read More
Leadership can be defined in hundreds of ways. Its definition varies from field to field, deriving its essence from the particular goals, activities, and cultures of different professions or industries. For this reason, we can’t start with an off-the-shelf definition of leadership. Instead, by taking time to explore leadership by small foundations and describe what... Read More
People who become leaders aren’t satisfied with the current state of things. They feel a sense of urgency—a desire and impatience for change. They ask endless questions, identify important gaps, and use their positions and perspective to become experts. Along the way, they engage people in diverse walks of life and listen carefully to what... Read More