Money Well Spent : A Strategic Plan for Smart Philanthropy

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  • Format: Hardcover
  • Copyright: 2008-11-01
  • Publisher: Bloomberg Pr
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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.

Author Biography

Paul Brest is the President of The William and Flora Hewlett Foundation, which is the sixth largest foundation in the USA, and is a former professor at the Stanford law school, serving as Dean from 1987 to 1999. Hal Harvey was until recently the Director of Hewlett Foundation's Environmental Program. He is now President of the ClimateWorks Foundation.

Table of Contents

Prefacep. x
Acknowledgmentsp. xii
Introductionp. xiii
The Framework of Strategic Philanthropy
The Promise of Strategic Philanthropyp. 3
Choices in Philanthropic Goals, Strategies, and Stylesp. 21
Analyzing Problems and Developing Solutionsp. 37
Solving Problems Through Program Strategiesp. 59
Grantmaking and Due Diligencep. 71
Beyond Grantmakingp. 87
Forms of Grant Fundingp. 103
Mission Investments: Investing for Social Impactp. 117
Assessing Progress and Evaluating Impactp. 135
Impact on Steroids: Measuring the Social Return on Your Philanthropic Investmentp. 149
Tools of the Trade
Promoting Knowledgep. 167
Providing Goods and Servicesp. 185
Influencing Individuals, Policy Makers, and Businessesp. 205
Building Fields and Movementsp. 229
Organizing Your Resources for Strategic Philanthropy
Choosing the Right Structure for Your Philanthropyp. 243
Principal and Principle: Foundation Spending Policiesp. 259
Afterword: The Challenges of Strategic Philanthropyp. 269
Indexp. 281
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