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Five Best Practices Of Extraordinary Grantmakers

Forbes Feb 26, 2019
This article is deemed a must-read by one or more of our expert collaborators.
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Five Best Practices Of Extraordinary Grantmakers - giving compass
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Giving Compass’ Take:

• Kris Putnam-Walkerly, writing for Forbes, discusses the most effective practices for grantmakers to adopt at their organizations. 

• One of the practices is to “embrace the mindset” of inward investment in operations and relationships within organizations. What would be a successful example of grantmakers doing this?

• Read more about how to cultivate an effective vision for grantmakers.  


I love to read about best practices — within and outside the field of philanthropy — and to gather examples from my work with foundations. Over the years, I have seen “ordinary” grantmakers raise their impact to extraordinary levels, just by following a few good habits. Learn 5 best practices your organization can adopt to elevate your own outcomes:

1.Create a culture of innovation: Extraordinary funders cultivate conditions necessary to support innovation in organizations , and they follow a four-step process to help that innovation flourish.

2. Embrace the mindset: Funders who embrace an abundance mentality believe that internal investment is important, and that the more they put into their operation and relationships, the more they get out of them.

3. Streamline operations: Extraordinary grantmakers regularly review their internal processes to identify blockages and inefficiencies.

4. Intentionally learn and improve: Extraordinary grantmakers regularly check in on their own activities and experiences to monitor lessons learned in real time, and they make the large and small course corrections that increase the effectiveness of their projects.

5. Collaborate with other funders for impact: Extraordinary funders understand that collaborations happen in many different ways, but that all collaborations leverage the strengths of each collaborative partner to achieve a common goals.

Read the full article about the best practices of grantmakers by Kris Putnam-Walkerly at Forbes.

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Interested in learning more about Philanthropy? Other readers at Giving Compass found the following articles helpful for impact giving related to Philanthropy.

  • This article is deemed a must-read by one or more of our expert collaborators.
    Click here for more.
    2016 Kids Count Data Book

    The past few years have brought some positive developments for families and children. Economic growth has been steady, with nearly 13 million new jobs created since the end of the recession. More children have health insurance. The high school graduation rate is rising, and fewer teens are abusing drugs and alcohol. Births to teenage mothers continue to decline and are at a record low. These improvements in the well-being of young people are due in part to federal, state and local policies that are helping prepare the next generation for the future. The Annie E. Casey Foundation | www.aecf.org 2016 kids count data book Yet, if we dig a little deeper, it quickly becomes clear that all is not well. The overall unemployment rate is almost down to its pre-recession level, but it remains above the national average for African Americans and Latinos, for workers with only a high school diploma or less and for young adults. Even as more affluent families have recovered, the child poverty rate remains high. The steep cost of college is making it difficult for young people to obtain the skills and credentials that lead to greater earnings and economic mobility. Far too many parents are struggling to provide for their families and are deeply concerned about the future prospects for their children. So it’s not surprising that economic insecurity is one of the electorate’s primary concerns this election season. Voters across the political spectrum are demanding that officials prioritize policies to address their bread-and-butter concerns. As public pressure mounts for policymakers to find common ground and take action, our next president and a new Congress will have a rare opportunity to forge a bipartisan policy agenda to reduce poverty, increase opportunity and restore hope for today’s parents and the young people who will lead our country going forward. Read the source article at The Annie E. Casey Foundation


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