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How to Make Big Data Relevant and Useful
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data, but many have become cynical as past data projects failed more than a few times due to incomplete, inaccurate, or outdated data.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
Strengthening the Nonprofit Sector by Strengthening Nonprofit Boards
Integrity. Responsibility. Accountability. Results. From our founders’ values, the Foellinger Foundation identified a strategy to realize their intent: We seek to fund effective nonprofits that serve children and families. But to ensure there are effective grantees in our community of Allen County, Indiana, we quickly identified a bigger goal of elevating the region’s nonprofit sector.... Read More
Your Point of View Gives You an Edge
A point of view is a distinctive attitude about philanthropy—what you as a funder believe you can best accomplish, and how to do it. I have noticed that philanthropists who have a point of view are more intentional, more confident, and more bold and daring. They have thought through not only their mission and focus—but... Read More
The Power of Simple Questions
Thirteen years ago, my parents sold their telecommunications company and started a private foundation. Their earliest motivations were to avert taxes from the sale and safeguard my two brothers and me from inheriting wealth that would deter us from working for a living. For the first 7 years, on December 27, we gathered for a... Read More
Change Up Your Giving With These Creative Strategies
Philanthropy is well-positioned to serve causes around the world in creative ways. The following examples from Exponent Philanthropy members illustrate some less common giving strategies that draw on the unique assets funders hold. Use them to expand your portfolio, or be inspired to think of other ways to leverage your dollars, experience, reputation, and time. Provide... Read More
What Is Financial Due Diligence Really All About?
Carol Cantwell, founder of Fun With Financials, works with nonprofits and foundations to build financial literacy and align philanthropy with true financial health. We spoke with her about her Financial Health Assessment Tool designed to dig into grantees’ financial health without requiring budgets, and about ways foundations can let go of preconceptions when they approach... Read More