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    Money Well Spent: A Strategic Plan for Smart Philanthropy
    Unavailable
    Money Well Spent: A Strategic Plan for Smart Philanthropy
    Unavailable
    Money Well Spent: A Strategic Plan for Smart Philanthropy
    Ebook505 pages6 hours

    Money Well Spent: A Strategic Plan for Smart Philanthropy

    By Paul Brest and Hal Harvey

    4.5/5

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    About this ebook

    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.

    LanguageEnglish
    PublisherWiley
    Release dateMay 18, 2010
    ISBN9780470885345

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    Reviews for Money Well Spent

    4.5/5

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    • 4/5
      I expected this book to be more about how, for non-profit people, to make money, but it was instead about how to spend it, and to spend it well.... While I don't really have much money to spend, well, none, after paying back student loans, I found this book an interesting and helpful read, and more actually found it quite helpful to learn how to improve my non-profit so philanthropists can be more drawn to it.
    • 4/5
      Money Well Spent is a valuable resource both for philanthropists and trust managers as well as people working for non-profits that are looking for ways to make their work appeal to donors.If there is one key lesson from the book, it is this: there is a good way for a program to fail and a bad way. Money spent on a program that fails to meet its goal but results in learning and research is still money well spent. Realizing this lesson when creating programs and deciding when to fund them can make a big difference in the non-profit world.In a bad economy non-profit organizations need to be able to put together the best possible proposal to attract funding from a diminished pool of resources, and this book will help.
    • 5/5
      With a lead quote from Bill Gates that assures one that the book is an invaluable resource how you can go wrong. But, A Strategic Plan for Smart Philanthropy does not seem to have much to say to a person whose checks to the Red Cross are a lot on the small side.However, the book proved to be instructive and even quite interesting. I had sort of had this mental image that if a person had a good sum of money finding good places to put it would not be a problem. Wrong, the book gives some real life horror stories of how people with the best intentions did some very real harm.The Text, for it comes complete with endnotes, is divided into three parts. The first and longest being the overall framework of Philanthropy as seen from a Strategic viewpoint. This is followed by two shorter sections on what might be called the tactics. The first on the Tools of the Trade and the last on Organizing Your Resources.I was a little surprised to find much in the work that was of good use. The explanation of cost benefit calculations is quite understandable and would be of value to anyone who was looking at doing an expected return calculation. This leads into the concept of social return on investment which is probably the key concept of the work. In the nuts and bolts section there is good advice for the average person like me. Methods of getting the most out of your own small checks are well explained and useful. I found the book to be far more interesting and a much more entertaining read than I had expected. Overall – a good book.