Project funding often is more appealing than general support funding because projects are time limited and focused. It is easier to evaluate whether a project has met its goals. In addition, project budgets are smaller than overall organizational budgets, and thus your grant provides a larger percentage of needed funds. Also, new projects make sense... Read More
There is always room—and a need—to keep learning, adapting, and improving. Embrace continual learning People learn in different ways: through formal training, conversation, coaching, reading, doing, and, most often, through a combination of all these. It’s important to develop a learning agenda for yourself and your organization, including the most effective and feasible ways to... Read More
“There’s almost no strictly ‘local’ philanthropy anymore,” says Exponent Philanthropy member Betty Curtis of the Atkinson Foundation in California. “As we become aware of how totally and globally our economic, social, and political lives are intertwined, we have the opportunity to design our grantmaking accordingly.” Even modest grants can have significant reach in developing countries.... Read More
What follows are ways in which Exponent Philanthropy members are making the most of their foundations. Is one of these strategies right for you? Fill important gaps As you review proposals, have conversations with community leaders, and participate in the community as volunteers, parents, employers, or employees, keep an eye out for crucial gaps that... Read More
What are some key elements of a grantmaking strategy? A mission statement, which is informed by the donor’s intent and objectives A statement of purpose, defined by program interests, geographic focus, grantmaking style A process for accepting, reviewing, and awarding grants A set of guidelines that inform the grantseeking community about what the foundation does... Read More
Nowadays, foundations rely on intermediaries to handle much of their grantmaking abroad (in dollar terms). Reputable intermediaries make it their business to meet federal regulations, such as determining the equivalency of a foreign charity and following antiterrorist financing guidelines. Taking care of these requirements eases the administrative burden of foreign grantmaking for U.S. foundations. Through... Read More