Money Well Spent : A Strategic Plan for Smart Philanthropy

by Paul Brest; Hal Harvey

• ISBN13: 9780470883334
• ISBN10: 0470883332
• Format: eBook
• Copyright: 2010-05-01
• Publisher: Bloomberg Press

Summary

Winner of the 2009 Skystone Ryan Prize for Research, Association of Fundraising Professionals Research Council "All outstanding philanthropic successes have one thing in common: They started with a smart strategic plan," say authors Paul Brest, president of the William and Flora Hewlett Foundation, and Hal Harvey, president of ClimateWorks. Money Well Spent explains how to create and implement a strategy that ensures meaningful results. Components of a smart strategy include: Achieving great clarity about one's philanthropic goals Specifying indicators of success before beginning a project Designing and implementing a plan commensurate with available resources Evidence-based understanding of the world in which the plan will operate Paying careful attention to milestones to determine if you are on the path to success or if midcourse corrections are necessaryDrawing on examples from over 100 foundations and non-profits, Money Well Spent gives readers the framework they need to design a smart strategy, addressing such key issues as: Effective use of tools-education, science, direct services, advocacy-that can achieve your objectives. How to choose the forms of funding to achieve stated goals How to measure the impact of grants or programs When to be patient and stick with a winning strategy and when to abandon a strategy that isn't workingThis is a book for everyone who wants to get the most from a philanthropic dollar: donors, foundations, and non-profits.

Table of Contents

Preface

Acknowledgments

Introduction

The Framework of Strategic Philanthropy

The Promise of Strategic Philanthropy

Choices in Philanthropic Goals, Strategies, and Styles

Analyzing Problems and Developing Solutions

Solving Problems Through Program Strategies

Grantmaking and Due Diligence

Beyond Grantmaking

Forms of Grant Funding

Mission Investments: Investing for Social Impact

Assessing Progress and Evaluating Impact

Impact on Steroids: Measuring the Social Return on Your Philanthropic Investment

Tools of the Trade

Promoting Knowledge

Providing Goods and Services

Influencing Individuals, Policy Makers, and Businesses

Building Fields and Movements

Organizing Your Resources for Strategic Philanthropy

Choosing the Right Structure for Your Philanthropy

Principal and Principle: Foundation Spending Policies

Afterword: The Challenges of Strategic Philanthropy

Index

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