Benchmarks for Effective Philanthropy
- Encourage responsive "bottom-up" grant making as well asa effective intiative-driven grant making
- Develop mutually respectful relationships between funders and grantees
- Include those working "closest to the ground," grantees as well as foundation staff and trustees, in decision making and priority setting
- Make sure decision makers have first-hand experience and/or breadth of theoretical knowledge in the areas foundations fund
- Encourage risk taking on the part of both foundations and grantees
- Do multi-year, core support grants
- Stick with grantees over time
- Leverage support from other funders on behalf of grantees
- Build collaboratives with other funders that can leverage and publicize for public benefit both grantees' and foundations' own expertise
- Aim for "transparency" with clear guidelines and accessibility
- Establish goal setting and accountability that includes both internal and external evaluations of the effectiveness and impact of foundations' own grant making
- Work with grantees (and covers their costs) to evaluate the quality and impact of grantees' work
- Foster a "learning organization" culture of willingness to learn, accomodate "midcourse corrections," and change