398 posts categorized "Impact/Effectiveness"

Tips for Finding the ‘Perfect’ Board Member

April 25, 2018

Man-wearing-a-leather-jacket-holding-a-clapperboardOne of the questions we get a lot from our nonprofit clients is: How do we find passionate, engaged, committed board members? Putting together a high-functioning board isn't just about recruiting the "right" people. It's about having the proper mindset and a good plan. Here at Envision Consulting, we often describe the search for the perfect nonprofit board member as a bit like looking for romance, complete with angst-ridden courtships, elaborate proposals, occasional heartbreak, and, with a little luck, true love at the end of your search.

Still with me? Here are some tips to make your search a lot less Romeo and Juliet and a little more The Wedding Singer:

1. Have a "Wish List." You're more likely to find board members who add value to your organization if you understand (and can articulate) beforehand what it is you're looking for. Broaden your wish list beyond skills/expertise (yes, every board should have a CPA) and financial clout (believe it or not, wealthy board members don't always equate to well-resourced nonprofits). Think about the personal characteristics, perspectives, experiences, and networks a candidate is able to bring to your organization. When we have this conversation with our clients, they often tell us they want board members who are available to participate in board meetings and organizational events, have the ability to think strategically, and hold themselves (and others) accountable — the kind of intangible qualities that are difficult to quantify but can have a huge impact on the success and productivity of a board and the broader organization.

2. Fools Rush In. It takes two to tango, right? Too often, nonprofits are overly focused on finding the perfect new board member and neglect to properly "court" candidates by listening to their concerns and answering their questions — only to be shocked (shocked!) when the relationship doesn't pan out. Good board candidates will want to evaluate your organization as much as you want to evaluate them — and they're likely to be selective about which boards they agree to join. Beyond just making a good impression on the candidates you're interested in, you also may need to address how you plan to provide (in an authentic way, of course) the experience the candidate is hoping to gain by joining your board. We strongly encourage our clients to tell candidates in detail about the orientation process and other ways they support new board members.

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Most Popular PhilanTopic Posts 2017

January 02, 2018

It's no surprise, perhaps, that the most popular item on the blog in 2017 was a post, by Michael Edwards, from 2012. Back then, the country was clawing its way back from the worst economic downturn since the Great Depression, and the future, if not exactly bright, was looking better. Two thousand-seventeen, in contrast, was...well, let's just say it was a year many would like to forget. Edwards, a former program officer at the Ford Foundation and the editor of the Transformation blog on the openDemocracy site, had agreed to write a four-part series (check out parts one, two, and four) on the Bellagio Initiative, an effort funded by the Rockefeller Foundation to produce a new framework for philanthropic and international development, and his third post had much to say about how and when, in development work, we measure, how we use and interpret the results, and who decides these things — concerns as relevant today as they were in the final year of Barack Obama's first term in office.

Of course, smart thinking and useful advice never go out of fashion — as the posts gathered below amply demonstrate. Indeed, with an administration and majorities in both chambers of Congress seemingly determined to roll back many of the progressive gains achieved over the last half-century, nonprofits and social entrepreneurs working to protect the rights of marginalized and vulnerable populations, undo the vast harm caused by a systemically biased criminal justice system, combat the corrosive effects of money on our politics, and address the existential threat posed by climate change will need all the smart thinking and useful advice they can lay their hands on. So, sit back, buckle your seat belt, and get ready for 2018. It's going to be an...interesting year.

What have you read/watched/heard lately that got your attention, made you think, or charged you up? Feel free to share in the comments section below.

Interested in writing for PND or PhilanTopic? We'd love to hear from you. Send a few lines about your idea/article/post to mfn@foundationcenter.org.

[Review] 'Engine of Impact: Essentials of Strategic Leadership in the Nonprofit Sector'

November 28, 2017

The nonprofit sector has never faced more difficult challenges — or had the potential to create greater impact — than it does today, argue William F. Meehan III, director emeritus of McKinsey & Company, and Kim Starkey Jonker, president and CEO of King Philanthropies, in their new book, Engine of Impact: Essentials of Strategic Leadership in the Nonprofit Sector. But for nonprofits — by 2025 projected to need up to $300 billion more annually beyond currently expected revenues in order to meet demand — to benefit from the largest intergenerational wealth transfer in U.S. history (an estimated $59 trillion expected to change hands between 2007 and 2061), they will have to "earn the right to expand [their] role and maximize [their] impact" in what Meehan and Jonker refer to as the coming "Impact Era."

Book_engine_of_impact_3dDrawing on a number of surveys, including the 2016 Stanford Survey on Leadership and Management in the Nonprofit Sector; a variety of Stanford Social Innovation Review articles, business and nonprofit management books, and Meehan's course on nonprofit leadership at the Stanford Graduate School of Business; and Jonker's experience overseeing the Henry R. Kravis Prize in Nonprofit LeadershipEngine of Impact outlines the challenges nonprofits currently face — lack of impact data, transparency, and sustainable operational support; donors' tendency to give impulsively to well-known organizations rather than high-impact ones; ineffective boards — and then explores a number of tools that nonprofits can use to address those challenges. They do not include venture philanthropy or impact investments, which Meehan and Jonker, somewhat "controversially," are skeptical of. Instead, they urge nonprofits to embrace the "essentials of strategic leadership" — mission, strategy, impact evaluation, insight and courage, funding, talent/organization, and board governance — which, when brought together thoughtfully and intentionally, create an engine of impact that drives organizational success.

Quoting liberally from business management expert Peter Drucker, Ashoka founder Bill Drayton (an early mentor of Meehan's), Good to Great author Jim Collins, and other luminaries, the authors illustrate each component of strategic leadership with concrete examples often drawn from the work of Kravis Prize winners such as the Afghan Institute of Learning (AIL), BRACLandesa, and Helen Keller International. And while they concede that some of them may be obvious, they are quick to note, based on survey results, that they are not all well understood or effectively implemented.

They emphasize, for example, the importance of a well-crafted mission statement, and caution organizations against mission creep, even if avoiding the latter means saying no to a new funding source. Indeed, saying "no" seems to be a critical part of strategic leadership, in that the urgent need to achieve maximum impact in a time of enormous challenges and limited resources is too important for nonprofit leaders to be distracted by non-mission-aligned activities — or by debates over semantics (e.g., "theory of change" vs. "logic model"): "if you ever find yourself caught in a debate about these terms' usage," Meehan and Jonkers write, "we suggest you leave the room immediately. We do."

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How to Keep Me Scrolling Through What You Are Sharing

November 02, 2017

Hello, my name is Tom and I am a Subscriber. And a Tweeter, a Follower, a Forwarder (FYI!), a Google Searcher, and a DropBox Hoarder. I subscribe to blogs, feeds, e-newsletters, and email updates. My professional title includes the word "knowledge," so I feel compelled to make sure I'm keeping track of the high volume of data, information, reports, and ideas flowing through the nonprofit and foundation worlds (yes, it is a bit of a compulsion…and I'm not even including my favorite travel, shopping, and coupon alerts).

It's a lot, and I confess I don't read all of it. It's a form of meditation, I guess, for me to scroll through emails and Twitter feeds while waiting in line at Aloha Salads. I skim, I save, I forward, I retweet, I copy and save for later reading (later when?). In fact, no one can be expected to keep up, so how does anyone make sense of it all, or even find what we need when we need it? Everyone being #OpenForGood and sharing everything is great, but who's reading it all? And how do we make what we're opening up for good actually good?

Making Knowledge Usable

At some point, we've all battled Drowning in Information-Starving for Knowledge syndrome (from John Naisbitt's Megatrends — though I prefer E.O. Wilson's "starving for wisdom" theory). The information may be out there, but it rarely exists in a form that is easily found, read, understood, and (most importantly) usedFoundation Center and IssueLab have made it easier for people in the sector to know what is being funded, where new ideas are being tested, and what evidence and lessons are available. But to really succeed, nonprofits and foundations will have to upload and share many more of their documents than they do now. And we need to make sure that the information we share is readable, usable, and easy to apply.

1-2-3-reporting-model

DataViz guru Stephanie Evergreen recently taught me a new hashtag: #TLDR – "Too Long, Didn't Read."

Evergreen proposes that every published report be available in three formats — a one-page handout with key messages, a three-page executive summary, and a 25-page report (plus appendices). That way,  "scanners," "skimmers," and "deep divers" can access the information in the form they prefer and in the time that's available to them. Such an approach also requires writing (and formatting) differently for each of these different audiences. (By the way, do you know which one you are?)

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Finally! A Global (Data) Language!

October 25, 2017

Trying to get global consensus on anything is nearly impossible. But in collaboration with a dynamic cohort of individuals and organizations, we've managed to develop a new manifesto with respect to the structure and sharing of data about global philanthropy that is valued across contexts. Meet the new Global Philanthropy Data Charter.

GDC_infographic
Philanthropy, and more broadly, civil society, play a large and increasingly visible role in solving complex societal issues around the globe. Over the last twenty years, as private wealth in countries around the world has exploded, we've seen a significant increase in giving by institutions and individuals. At the same time, technology adoption and economic populism have emerged from the shadows while foreign aid to the least developed countries has declined. Established in 2000, the Millennium Development Goals paved the way, in 2015, for the multi-stakeholder Sustainable Development Goals. Each step in this evolution was guided by data. Good data? Not always. But in our rapidly changing world, everyone must tell their own story — or risk having it told for them. The good news? Philanthropy has had to become more transparent, more accountable, and more effective. Rather than siloed efforts, maximizing impact based on smart giving and shared learning has become a collective world-wide aspiration.

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Deepening Audience Engagement With Long-Form Content

October 18, 2017

Communicating complicated ideas can be a significant challenge for social change organizations trying to reach diverse audiences in a short-attention-span world. But it's something long-form content is particularly well suited for. If your organization publishes research, reports, and other types of long-form content, what strategies can you use to ensure that your content resonates with and engages your target audiences?

Audience-Engagement-bubblesDigital communications and social media have had a tremendous impact on our ability to maintain focus and attention — not just online, but in the real world. Online and offline, we are awash in content that's fragmented and comes at us fast. Distractions are everywhere and, for social change organizations, creating awareness around complex issues can feel like an uphill battle.

But even as short-form platforms like Twitter increasingly shape how issues are framed by the media, recent studies show that when it comes to audience engagement, long-form content performs better than shorter content. So, while we may live in a world dominated by short bursts of commentary, opinion, and insights, long-form content remains a critical (and effective!) format.

While every organization with a message to communicate has to learn how to navigate this dynamic, social change organizations face a bigger challenge. Because when your mission revolves around a complicated issue, is connected to a problem in a far-away place or the distant future, or is just removed from the concerns of everyday life, maintaining audience engagement is inherently more difficult.

Still, it usually boils down to the same question: How can we elevate our issue or cause and engage our target audiences? The time-tested principles used by storytellers since, well, forever are an excellent place to start.

Leveraging Narrative Structure

Whether presented as narrative or as academic research, all long-form content can benefit from the three-act structure of exposition, confrontation, and resolution familiar to professional storytellers. In general, it works like this:

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Best Practices for Implementing New Software

October 16, 2017

Puzzle_cooperation_250If your foundation or charity is thinking about implementing new software, it's essential that it have a well-thought-out technology strategy in place before proceeding. Such a strategy should include a holistic view of the pros and cons of the software under consideration, buy-in from key stakeholders, and a focus on ROI as well as costs.

Of course, any software implementation should be a team effort that has been blessed by leadership and is conducted in real partnership with the software implementer. Settling on a software solution that solves one problem for a single department without thinking through the entire organization's technology needs and ecosystem can lead to more problems than it solves, including:

  • a fatal lack of buy-in from staff and management;
  • technology needs that go unaddressed;
  • duplication of effort; and
  • lack of systems integration.

Selecting a vendor based on a solution's cosmetic features while ignoring the implementer's competence and capacity can also cause problems. And because many foundations and nonprofits are laser-focused on initial costs and frequently ignore longer-term return-on-investment (ROI) calculations, especially when it comes to choosing a firm to implement a solution, organizations often end up with software that is inexpensive but does nothing to drive impact or improve their bottom lines.

Long story short? Software solutions that appear to be inexpensive at first glance can result in significant unaccounted-for costs during the implementation process. Which is why forward-thinking organizations look for solutions that can help them advance their mission and yield a better-than-average return on investment.

Here are five types of software that are useful for foundations and grantmaking charities:

  1. CRM: Provides a holistic view of the constituent experience across the entire organization.
  2. Fundraising: Gives a clear view of performance and yield (including data enrichment services), processes donations, and helps empower your organization's “evangelists” to raise money on your behalf.
  3. Financial: Provides in-depth record keeping and custom reports that allow you to drill down into your finances.
  4. Grants management and impact measurement: Identifies, tracks, and measures the impact of grants and gifts (both cash and in-kind) against concrete outcomes.
  5. Analytics: Is used to harness the power of data and connect with constituents, highlight areas of operational improvement, and generate insights into potential organizational investments.

So how can organizations set themselves up for long-term success once they've chosen one or more of the above solutions? Here are five best software implementation practices:

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Most Popular PhilanTopic Posts (July 2017)

August 01, 2017

The most popular posts here on PhilanTopic in July include strong calls to action from sector veterans Gary Bass and Mark Rosenman, Cathy Cha, and Kate Kroeger; new posts by Blackbaud's Annie Rhodes and PEAK Grantmaking's Michelle Greanias; and a couple of "repeaters" (John Hewko's account of how Rotary International manages to stay relevant in a rapidly changing world, Kyoko's Q&A with the Rockefeller Foundation's Claudia Juech). Check 'em out (if you haven't already)!

What have you read/watched/heard lately that got your attention, made you think, or charged you up? Feel free to share in the comments section below. Or drop us a line at mfn@foundationcenter.org.

5 Questions for...Laurie Tisch, Founder/President, Laurie M. Tisch Illumination Fund

July 26, 2017

Laurie Tisch, whose Laurie M. Tisch Illumination Fund is gearing up for its tenth anniversary and will have given $100 million to support access and opportunity for New Yorkers by year's end, describes philanthropy as something that's in her DNA. Foundation Center's Jen Bokoff, a former employee of the foundation, spoke with Tisch about her recent donation to a new fund, her investment philosophy, and how philanthropy creates impact.

Headshot_laurie_tischJen Bokoff: Your family is known for funding major institutions, but your foundation was set up in part to help you make new, innovative gifts. What's a gift you're particularly proud of that defines your philanthropy?

Laurie Tisch: The New York City Green Cart Initiative, which was a $1.5 million public-private partnership. Initially, it was a city government initiative that created new permits for street vendors selling fresh fruits and vegetables in food deserts in New York, and we signed on to it soon after I started the foundation. It was a large amount of money for us, which some might call risky, but I prefer to think of it as following one's instincts. The data was clear: there are tremendous disparities in the rates of diabetes and heart disease among neighborhoods, with epidemic levels in certain low-income communities. Street vending was a way to increase access to healthy foods, and the program would also create hundreds of jobs for entrepreneurs. With our mission of increasing access and opportunity, the idea was just too interesting not to try; we pretty much went all in! For us, it was big on so many levels, from the number of organization involved to the number of vendors we hoped would be involved.

There were a lot of unknowns, though. No city had ever tried a program like this. How would we measure success? How would we let people know about it? I had a lot of questions, but the answers weren't always there. If we were too rigid, we might not have made the grant. But we're lucky to be a small foundation with the flexibility to see something like this through, which is a philosophy that has really defined our grantmaking. If an organization or initiative decides to change course, it's okay with us so long as the course correction is in dialogue with us.

JB: I read about your recent gift of $500,000 to a new fund established by Agnes Gund with the proceeds of the sale of a famous painting from her collection. Had you ever sold a painting with a philanthropic cause in mind? And why do so now?

LT: I've donated paintings to the Tang and to the Whitney, but I've never sold one with a cause in mind. I was invited to lunch at Aggie's about a month ago by Darren Walker, president of the Ford Foundation. The purpose was to meet Ava DuVernay, who directed the film 13th about racial inequity in the prison system. Aggie got up to speak about how the film and over-incarceration made a strong impression on her, and then she announced she was going to make criminal justice her major focus.

When she revealed she had sold her Lichtenstein to establish a new fund focused on criminal justice, it was remarkable. She had a real personal connection to that painting, and seeing her commit so deeply to a cause really showed how serious she was. When Darren later called me to talk about the initiative, I remembered that I had sold a painting a month earlier, and I thought to myself, "This fits perfectly." Max Weber, who painted the painting I had sold, was known for his passion for social justice causes, so it just was bashert! I donated most of the proceeds to Aggie’' fund, because when she and Darren are backing something, trust is not an issue. And the more I think about it, the more I realize there are so many collectors and wealthy people who could do this. It will be interesting to see whether people look at Aggie as a model and start to sell some of the art they've acquired for social justice causes; it really could add up to something significant pretty quickly.

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Because What You Know Shouldn't Just Be About Who You Know

July 11, 2017

The following post is part of a year-long series here on PhilanTopic that addresses major themes related to the center's work: the use of data to understand and address important issues and challenges; the benefits of foundation transparency for donors, nonprofits/NGOs, and the broader public; the emergence of private philanthropy globally; the role of storytelling in conveying the critical work of philanthropy; and what it means, and looks like, to be an effective, high-functioning foundation, nonprofit, or changemaker in the twenty-first century. As always, we welcome your thoughts and feedback.

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"Knowledge is obsolete." As a librarian, my ears perked up when someone shared the title of this TEDxFoggyBottom talk. It's plausible. Why memorize obscure, hard-to-remember facts when anything you could possibly want to know can be looked up, on the go, via a smartphone? As a mom, I imagine my kids sitting down to prepare for rich, thought-provoking classroom discussions instead of laboring over endless multiple-choice tests. What an exciting time to be alive — a time when all of humanity's knowledge is at our fingertips, leading experts are just a swipe away, the answer always literally close at hand, and we've been released from the drudgery of memorization and graduated to a life of active, informed debate! And how lucky are we to be working in philanthropy and able to leverage all this knowledge for good, right?

Open-for-good_featureforeground

Though the active debate part may sound familiar, sadly, for too many of us working in philanthropy, the knowledge utopia described above is more sci-fi mirage than a TED Talk snapshot of present-day reality. As Foundation Center's Glasspockets team revealed in its "Foundation Transparency Challenge" infographic last November, only 10 percent of foundations today have a website, and not even our smartphones are  smart enough to connect you to the 90 percent of those that don't.

The Foundation Transparency Challenge reveals other areas of potential improvement for institutional philanthropy, including a number of transparency practices not widely embraced by the majority of funders. Indeed, the data we've collected demonstrates that philanthropy is weakest when it comes to creating communities of shared learning, with fewer than half the foundations with a Glasspockets profile using their websites to share what they are learning, only 22 percent sharing how they assess their own performance, and only 12 percent revealing details about their strategic plan.

Foundation Center data also tells us that foundations annually make an average of $5.4 billion in grants for knowledge-production activities such as evaluations, white papers, and case studies. Yet only a small fraction of foundations actively share the knowledge assets that result from those grants — and far fewer share them under an open license or through an open repository. For a field that is focused on investing in ideas — and not shy about asking grantees to report on the progress of these ideas — there is much potential here to open up our knowledge to peers and practitioners who, like so many of us, are looking for new ideas and new approaches to urgent, persistent problems.

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Weekend Link Roundup (June 3-4, 2017)

June 04, 2017

Pittsburgh office media carousel skyline triangle  700x476Our weekly roundup of noteworthy items from and about the social sector. For more links to great content, follow us on Twitter at @pndblog....

African Americans

In an op-ed for the New York Times, Melissa Harris-Perry, a professor in the department of politics and international affairs at Wake Forest University, television personality, and founding director of the Anna Julia Cooper Center, has some advice for the NAACP, which recently announced the departure of its president, Cornell William Brooks, and its intention to pursue an "organization-wide refresh."

Climate Change

Hours after Donald Trump claimed "to represent the voters of Pittsburgh in his decision to withdraw the United States from the Paris climate agreement," Pittsburgh mayor Bill Peduto announced his support for a goal of powering the city entirely with clean and renewable energy by 2035. Shane Levy reports for the Sierra Club. (And you can read Peduto's executive order to that effect here.)

Although there's no doubt that "President Trump’s decision to abandon the Paris Agreement on global warming is a short-sighted mistake," writes Nature Conservancy president Mark Tercek, the jury is still out as to whether "the decision [will] unravel the entire agreement."

Fundraising

We missed this post by Vu Le outlining the principles of community-centric fundraising when it was first published in the lead up to the Memorial Day weekend. But it is definitely worth your time.

Hey, Mr./Ms. Nonprofit Fundraiser, job got you down and almost out? Beth Kanter shares four warning signs of burnout — and easy ways to make yourself feel better.

On the GuideStar blog, BidPal's Joshua Meyer looks at five unexpected benefits of text-to-give software.

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Weekend Link Roundup (May 13-14, 2017)

May 14, 2017

Youre-FiredOur weekly roundup of noteworthy items from and about the social sector. For more links to great content, follow us on Twitter at @pndblog....

Arts and Culture

Although President Trump has signed into law a $1.1 trillion appropriations bill, bringing to an end (for now) months of debate over his administration's controversial budget blueprint, the future of arts funding in America remains uncertain, write Benjamin Laude and Jarek Ervin in Jacobin. Critics who accuse the president of philistinism are missing the point, however. "For better or worse," they write, "the culture wars ended long ago. These days, with neoliberalism's acceleration, nearly every public institution is under assault — not just the NEA. If we want to stop the spread of the new, disturbing brand of culture — the outgrowth of an epoch in which everything is turned into one more plaything for the wealthy — we'll need a more expansive, more radical vision for art."

On the Mellon Foundation's Shared Experiences blog, the foundation's president, Earl Lewis, explains why the National Endowment for the Humanities is an irreplaceable institution in American life.

Data

In a post for the Packard Foundation's Organization Effectiveness portal, Lucy Bernholz, director of the Digital Civil Society Lab at the Stanford Center on Philanthropy and Civil Society, reflects on the process that led to the center's Digital Impact Toolkit, a public initiative focused on data governance for nonprofits and foundations.

According to The Economist, the most valuable commodity in the world is no longer oil; it's data. What's more, the dominance of cyberspace by the five most valuable listed firms in the world — Alphabet (Google's parent company), Amazon, Apple, Facebook and Microsoft — is changing the nature of competition while making the antitrust remedies of the past obsolete. "Rebooting antitrust for the information age will not be easy," the magazine's writers argue. "But if governments don't want a data economy dominated by a few giants, they will need to act soon."

Food Insecurity

According to Feeding America's latest Map the Meal Gap report, 42 million Americans were "food insecure" in 2015, the latest year for which complete data are available. That represents 13 percent of U.S. households — a significant decline from the 17 percent peak following the Great Recession in 2009. The bad news is that those 42 million food-insecure Americans need more money to put food on the table than they did before. Joseph Erbentraut reports for HuffPo.

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Most Popular PhilanTopic Posts (April 2017)

May 03, 2017

For those in the Northeast, April was rainy, cool, and dreary. Here on the blog, though, things were hopping, with lots of new readers and contributors. The sun is back out, but before you head outside, check out the posts PhilanTopic readers especially liked over the last thirty days.

What have you read/watched/heard lately that got your attention, made you think, or charged you up? Feel free to share with our readers in the comments section below. Or drop us a line at mfn@foundationcenter.org.

[Book Review] Just Change: How to Collaborate for Lasting Impact

May 02, 2017

How can the social sector create lasting impact? By changing the way it thinks about and approaches social change, writes Tynesia Boyea-Robinson in Just Change: How to Collaborate for Lasting Impact. Drawing on her experience in both the private and social sectors, Boyea-Robinson shares lessons she's learned and strategies she's found to be effective for changing how we think about and create change, how our organizations work, and how we collaborate.  

Book_just_change_3dIt's an approach well worth considering; as chief impact officer at Living Cities, a partnership of foundations, financial institutions, nonprofit organizations, and the federal government that's committed to improving the vitality of cities and urban neighborhoods, Boyea-Robinson is tasked with ensuring that the organization's investments lead to measurable impact. She also has witnessed, both in her own family and in her previous work at Year Up National Capital Region, the barriers that many poor urban children come up against, leading her to acknowledge that the challenge of creating change, let alone lasting change, is daunting.

Something like closing opportunity gaps, for example, is a complex problem, one that involves interconnected relationships unique to each situation, as opposed to a merely complicated problem, the solution to which involves many difficult steps but can be mastered and replicated. And yet, she writes, we can create lasting impact, even around complex problems, if we work together and focus on a problem's underlying cause instead of its symptoms, continually improve our efforts through ongoing feedback, use data to define the impact we are looking to achieve, and align our programs, policies, and funding streams with clearly articulated goals. 

Boyea-Robinson is careful to note that meaningful social change rarely is driven by a single individual, organization, or sector. And while forging cross-sectoral partnerships is just one of the six ways, as she puts it, to "change how you create change" (the others are focusing on bright spots, changing systems through individuals, defining success in terms of people not neighborhoods, engaging the community, and supporting racial equity), it really constitutes the core message of the book. By definition, participation in a cross-sectoral collaboration creates the possibility of achieving something bigger than any one individual, organization, or sector could achieve alone. At the same time, collaborations, if they are to succeed, require solid relationships and a high level of trust, not to mention partners who are willing to commit to a collective goal that transcends their own individual objectives or reputation.

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A Multi-Pronged Approach to Impact Investing for Family Foundations

April 12, 2017

The following post is part of a year-long series here on PhilanTopic that addresses major themes related to the center’s work: the use of data to understand and address important issues and challenges; the benefits of foundation transparency for donors, nonprofits/NGOs, and the broader public; the emergence of private philanthropy globally; the role of storytelling in conveying the critical work of philanthropy; and what it means, and looks like, to be an effective, high-functioning foundation, nonprofit, or changemaker in the twenty-first century. As always, we welcome your thoughts and feedback.

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Socially-responsible-investingOne hundred percent of foundations and philanthropists have set up their portfolios for "impact." But in the words of Heron Foundation CEO Clara Miller, "they just don't know if their impact is positive or negative."

The assumption has been that foundations and philanthropists would be among the earliest adopters of investment strategies that align their portfolios, their values, and the social change they are trying to achieve. Sadly, this has not been the case.

According to the Global Impact Investing Network's 2016 Annual Impact Investor Survey, foundations in 2016 accounted for only 4 percent of an estimated $77.4 billion in impact investment assets under management. At the same time, there is much in the report to be excited about, starting with the finding that survey respondents indicated a high level of satisfaction with the performance of their impact investment portfolios. In fact, "[e]ighty-nine percent (89%) reported financial performance in line with or better than their expectations, and 99% reported impact performance in line with or better than expectations."

There are many foundation leaders who are well aware of the potential of impact investing to drive social and environmental change. Liesel Pritzker Simmons, principal of Blue Haven Initiative, captures the sentiment of a growing number of philanthropists: "Just your philanthropic dollars are not enough to solve big world problems. We have a responsibility to use everything we have to make an impact."

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