Becoming the Best Possible Philanthropist | Tactical Philanthropy
The opportunity here is huge. Foundation giving makes up just 13% if US charitable giving. If you believe, as I would assume most foundations do, that their philanthropic knowledge is their key value rather than their raw capital, than the best way to leverage that value is by sharing it as a way of influencing more capital.
Having a lot of money doesn’t make you a great philanthropist nor a great investor. Knowing what to do with your money is the key to being a great philanthropist or great investor. Figuring out how to leverage your knowledge against the largest pool of capital possible is the key to being the best possible philanthropist or investor. Leveraging knowledge against the largest pool of capital possibly is exactly the approach Warren Buffett used to become the best possible investor he come become. Who is going to figure out how to apply this approach in philanthropy?
This is my last semester of my masters program in Nonprofit Management and I got the opportunity to study effectiveness of Community Foundation grantmaking, operations, and programming. One of the things I continue to find throughout my research and writing of my paper for this course, is that not many foundations, community foundations or not, are measuring their impact and effectiveness. Sean mentions this in his article and the impact foundations could be making if they were measuring their impact to make the greatest impact possible.
One conclusion I have found through out the research is the greater power foundations could be making through the measurement of their work. Think of all the work they could be doing, more effectively in their areas of interest.
There are foundations that are measuring their effectiveness, again as Sean has stated, but the conversation about evaluation and impact really needs to be pushed to the next level. All foundations have the opportunity to make real impact in their interest areas.
I like Sean's question of "Who is going to figure out how to apply this approach in philanthropy?" What do you all think?

