Money Well Spent: A Strategic Plan for Smart Philanthropy [NOOK Book]

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Overview

Winner of the 2009 Skystone Ryan Prize for Research, Association of Fundraising Professionals Research Council

“All outstanding philanthropic successes have one thing in common: They started with a smart strategic plan,” say authors Paul Brest, president of the William and Flora Hewlett Foundation, and Hal Harvey, president of ClimateWorks....
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Money Well Spent: A Strategic Plan for Smart Philanthropy

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Overview

Winner of the 2009 Skystone Ryan Prize for Research, Association of Fundraising Professionals Research Council

“All outstanding philanthropic successes have one thing in common: They started with a smart strategic plan,” say authors Paul Brest, president of the William and Flora Hewlett Foundation, and Hal Harvey, president of ClimateWorks.  

Money Well Spent explains how to create and implement a strategy that ensures meaningful results.  Components of a smart strategy include:
  • Achieving great clarity about one’s philanthropic goals
  • Specifying indicators of success before beginning a project
  • Designing and implementing a plan commensurate with available resources
  • Evidence-based understanding of the world in which the plan will operate
  • Paying careful attention to milestones to determine if you are on the path to success or if midcourse corrections are necessary

Drawing on examples from over 100 foundations and non-profits, Money Well Spent gives readers the framework they need to design a smart strategy, addressing such key issues as:

  • Effective use of tools—education, science, direct services, advocacy—that can achieve your objectives.
  • How to choose the forms of funding to achieve stated goals
  • How to measure the impact of grants or programs
  • When to be patient and stick with a winning strategy and when to abandon a strategy that isn’t working

This is a book for everyone who wants to get the most from a philanthropic dollar: donors, foundations, and non-profits.

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Product Details

  • ISBN-13: 9780470885345
  • Publisher: Wiley, John & Sons, Incorporated
  • Publication date: 5/18/2010
  • Series: Bloomberg , #14
  • Sold by: Barnes & Noble
  • Format: eBook
  • Edition number: 1
  • Pages: 288
  • Sales rank: 651,162
  • File size: 798 KB

Meet the Author

Paul Brest is the president of The William and Flora Hewlett Foundation. Before joining the Hewlett Foundation, he was a professor at Stanford Law School, serving as dean from 1987 to 1999. He teaches a course on judgment and decision-making in the Public Policy Program at Stanford University and is coauthor of the forthcoming book Problem Solving, Decision Making, and Professional Judgment.

Hal Harvey, a former director of The Hewlett Foundation’s Environment Program, is now the president of ClimateWorks. He is also the president of the New-Land Foundation and has held positions at several different not-for-profit foundations, including the Mertz-Gilmore Foundation, the Heinz Endowments, and the Ploughshares Fund. He served on the energy panel of the President’s Committee of Advisors on Science and Technology and chairs the MB Financial Corporation in Chicago.
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Table of Contents

Preface.
Acknowledgments.
Introduction.  

Part  I The Framework of Strategic Philanthropy.  
1 The Promise of Strategic Philanthropy.
2 Choices in Philanthropic Goals, Strategies, and Styles.
3 Analyzing Problems and Developing Solutions.
4 Solving Problems Through Program Strategies.
5 Grantmaking and Due Diligence.
6 Beyond Grantmaking.
7 Forms of Grant Funding.  
8 Mission Investments: Investing for Social Impact.  
9 Assessing Progress and Evaluating Impact.
10  Impact on Steroids: Measuring the Social Return on Your Philanthropic Investment.    

Part  II Tools of the Trade.  
11 Promoting Knowledge.
12 Providing Goods and Services.
13 Influencing Individuals, Policy Makers, and Businesses.
14 Building Fields and Movements.  

Part  III Organizing Your Resources for Strategic Philanthropy.  
15 Choosing the Right Structure for Your Philanthropy .
16 Principal and Principle: Foundation Spending Policies.

Afterword: The Challenges of Strategic Philanthropy.  
Index.
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  • Posted October 26, 2009

    more from this reviewer

    Practical guide to making philanthropy count

    Nonprofit enterprises make up a multibillion-dollar sector of the U.S. economy, yet their funding decisions are often shots in the dark. They make a lot of mistakes. Investments that initially seemed inspired do not produce positive, measurable results. Paul Brest and Hal Harvey aim to change all that. Their "strategic philanthropy" process aligns goals, strategy and implementation, and includes accountability and measurements. Their book is full of pertinent, real-world examples that help to bring their points home. Although the guide is theoretical and abstract in parts, getAbstract recommends it to foundation directors and program officers who are tired of wasting their organizations' money.

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