Giving Compass' Take:
- Here are three ways foundations can more easily share data across their internal programs and throughout the entire sector.
- How can data sharing help inform grantmaking?
- Learn about some of the challenges of data collection in philanthropy.
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There’s no denying it. The way we work has fundamentally changed. Our cloud-based, bring-your-own-device, collaborative workspaces – virtual and brick-and-mortar – bear very little resemblance to the foundations of even a decade ago. The technology that makes all this possible is also generating new ways for grantmakers to do their work — specifically, the ability to access and leverage data like never before.
To make the most out of this new work environment, foundations are opting into a culture of data-sharing and transparency.
Openness and transparency allow foundations to share data in three important ways:
- First: Foundations can use new technologies to enable better collaboration and sharing within the foundation across programs and departments.
- Second: Foundations can utilize an incoming torrent of publicly available data to inform their grantmaking.
- Third: Foundations can easily share data across the entire sector, creating opportunities for collaboration and more informed decision-making.
Read the full article about sharing data for greater impact by Aaron Lester at Fluxx.