Giving Compass’ Take:
• Casey Pechan advocates for forming funding partnerships that can improve collaboration, accelerate action, and focus support.
• How can you contribute to a collaboration to make sure grantees receive the recognition and support they need to be effective?
As we continue to make strides towards improving industry collaboration, foundations are walking the talk and collaborating more deeply with each other to affect years-long (sometimes even permanent) change. And yes, these pooled funds don’t always work, but many argue that the lessons learned and long-term impact produced far outweigh the pitfalls.
We see the forming of funding collaboratives as epic partnerships, a term coined by authors Jane Leu, Vu Le, and Jessamyn Shams-Lau in their new book – Unicorns Unite: How nonprofits and foundations can build EPIC Partnerships. Expanded funds open doors for long-term capacity-building resources for grantees, and are essential when aiming to tackle projects that will require millions of dollars and thousands of volunteers.
These collaboratives enable donors to connect with a host of new grantees they may have previously been unaware of. And grantees now have countless additional funders who are more willing to examine their proposals.
Without coordination and collaboration among funders, burden and effort is thrown back onto the backs of time-strapped grantees. The system needs to change – now. These inconsistencies are why many nonprofits wind up hanging on by a thread, and why many funders continue to feel concern as the work they fund doesn’t seem to produce as much impact as they had hoped.
Read the full article about why funding partnerships are trending by Casey Pechan at Fluxx.
Interested in learning more about Nonprofit Sector? Other readers at Giving Compass found the following articles helpful for impact giving related to Nonprofit Sector.
Looking for a way to get involved?
A good way to complement your interest in Collective Impact is to connect with others. Check out these events, galas, conferences or volunteering opportunities related to Collective Impact.
Are you ready to give?
If you are interested in Collective Impact, please see these relevant Issue Funds, Charitable Organizations or Projects where you can get involved.