Foundation grants are an important part of capacity-building and often associated with the term “strategic philanthropy.” That’s not surprising, since most funders are looking for ways to increase their impact. Being more strategic can be a complex undertaking — and like every complex undertaking, shifting toward strategic grantmaking comes with multiple pitfalls and opportunities to make mistakes. That’s okay. Mistakes can provide valuable information for ongoing learning, which is a key part of strategic grantmaking. Acknowledging and acting on them only serves to make your efforts stronger.
That said, there are some common pitfalls that any foundation can avoid with a little forethought:
For more insight on strategic grantmaking, and tips on responsive grantmaking, download the full report, Responsive vs. Strategic Grantmaking: Exploring the Options.
Five Mistakes to Avoid When Pursuing Foundation Grants was first posted by Kris Putnam-Walkerly on June 25, 2018 at Putnam-Consulting.com. Please VISIT HERE to read original article.
Kris Putnam-Walkerly, MSW: For over 18 years, top global philanthropies have requested Kris’ help to transform their giving and catapult their impact, including designing strategies that achieve results, streamline operations, assess impact, and allocate funds. Her clients include the Robert Wood Johnson, David and Lucile Packard, Avery Dennison, Annie E. Casey, Charles and Helen Schwab, and Walton Family foundations, among dozens of others. She’s helped over 60 foundations and philanthropists strategically allocate and assess over $350 million in grants and gifts.
The author of Five Mistakes to Avoid When Pursuing Foundation Grants was featured earlier this year at InsideCharity.org with her article Stop Delusional Altruism from Undermining Your Philanthropy.