Giving Compass' Take:

• In this video, grantmakers share how to create impact beyond giving away money. They discuss the importance of mentorship, collaboration, and understanding the communities they serve. 

• Although the video interviews grantmakers, individual donors can learn valuable lessons about how to support communities and increase the impact of their charitable giving.

• Learn about the benefits of collaborative philanthropy. 

To create the most impact, philanthropy must bring value beyond grant dollars. Funders have the opportunity to play important roles as mentors and conveners, supporters and motivators.

38 percent of foundations provide technical assistance and 37 percent convene grantees or organizations in their funding areas, according to Exponent Philanthropy’s 2016 Foundation Operations and Management Report.

Read the full piece about philanthropy lessons at Exponent Philanthropy.