Five Ways To Position Your New Foundation For Success

FavoriteThis blog post is for foundations that are new or transitioning. It asks five important questions that can be used to help decide which course of action your foundation will take. These include: Is a foundation the best charitable-giving vehicle for us? What do we want to accomplish? How will we continue to learn? Who do we need in our network? How will we invest in our own success?

Three Ways Funders Delude Themselves About Equity

FavoriteThis editorial points out ways that funders get in their own way when it comes to equity and how they can avoid doing so. They include: Not clearly defining what equity means Assuming aggregate data indicates an equitable outcome Expecting grantees to address equity without doing so themselves

Do Your Homework to Increase Grantmaking Success

FavoriteWhen funders develop new grantmaking strategies, they should dedicate time and resources to understanding the needs of the issue or population they want to help, identifying best practices and models that are already demonstrating success, and finding the right partners to help them succeed. Putnam Consulting Group gives six steps to successful funding.

10 Essential Roles of Foundation Board Members

FavoriteAs a board member, how can you make sure you bring your best to the table and bring out the best in your foundation? If you understand and embrace these 10 essential roles, you will help ensure that you are fulfilling your duties with wisdom and clarity — and doing your part to advance your foundation’s mission.

Who’s in the Room? Who Should Be?

Favorite Bringing people together is one of the key roles of philanthropy. It’s important to make sure you have the right people in the room so that the time spent is productive and the outcome is useful for everyone. To ensure you’ve tapped the right players for your next gathering, ask yourself these three questions before you issue invitations: What is our overall goal? What roles are essential to accomplish our goal? How can we make the best use of others?

11 Essential Practices for Effective Grantmaking

FavoriteThe options for effective grantmaking are more varied today than ever. What used to involve simply making financial gifts to qualified nonprofits now has grown to include public-private partnerships, social impact investing, program-related investing, crowdfunding, and many more avenues for achieving a foundation’s mission. Whether your foundation is just getting off the ground or has a venerated history that’s about to enter a new phase, you’ll have many choices to consider as you plan your way forward.

Sharpen Your Focus – 5 Questions That Will Improve Your Grantmaking

FavoriteGiving money away is a complicated business, but Putnam Consulting Group has found a few simple questions that can bring a lot of clarity to the process. The questions are straightforward, but they lead to deep issues that can have a profound impact on the way you direct your grantmaking. As you consider your next initiative, take some time to ask these questions.

The Road to Achieving Equity 12 Findings from a Field Scan of Foundations That Are Embracing Equity

FavoriteOver the past few years, equity has emerged as a key issue in American society, described as the “defining issue of our time” by authors and speakers in various fields. In the first half of 2016, the Robert Wood Johnson Foundation asked Putnam Consulting Group to conduct a field scan to learn how other foundations are working to incorporate equity — both in their internal operations and in their grantmaking. We conducted 30 conversations with staff leaders at 15 foundations considered by their peers to be on the forefront in embracing equity.

Don’t Need a Consultant? 5 Good Reasons You Might Be Wrong

FavoriteFoundation and nonprofit staff are spread thin enough. There is a lot to do with a limited number of people and a limited number of hours in the day. And there are times when expecting hardworking staff to strategize and carry through an entirely new project, on top of handling their ongoing responsibilities, is asking too much. Consultants can take some of the burden off of staff while providing a new perspective and expertise. They may also increase your organization’s credibility. Here are the five main reasons most foundations and nonprofits enlist the help of outside consultants.

How to Effectively Hire a Consultant – 5 Tips for a Win-Win Relationship

FavoriteNonprofit and foundation leaders are held accountable to their stakeholders to make sure they are using their budgets to garner the best results. A strong relationship with quality consultants can help limited budgets go a long way, so it is imperative that you find a consultant who can become valuable member of your team. Simply choosing to hire a consultant isn’t enough to guarantee a successful engagement. You need to clearly communicate your goals and work together to ensure they are met. Here are few guidelines to help you succeed when working with consultants.

20 Ways a Consultant Can Make Your Life Easier – A Little Outside Help Goes a Long Way Download PDF (128 KB)

FavoriteIt might be time to hire a consultant. You only have so much time, and sometimes you need a new perspective and a helping hand from someone with an unbiased view and different expertise. If you are wondering just how much help consultants can be, here are 20 ways they can make your life easier.