By Peter Frumkin
Within the face of world monetary difficulties and under pressure govt budgets, the power of non-public philanthropy to step in and support remedy public problems—and aid important deepest associations as well—has probably by no means been extra very important. yet how can donors ascertain their contributions can be powerful? and the way can fundraisers make their case for aid in a manner that's compelling and efficient? With The Essence of Strategic Giving, Peter Frumkin distills the teachings of his entire, award-winning learn, Strategic Giving, right into a concise, functional advisor for everybody occupied with inner most philanthropy, from donors to managers of nonprofits to fund-raisers. He defines 5 severe demanding situations that each one donors needs to deal with if their philanthropy is to quantity to greater than indiscriminate charity, together with being conscious of the timeframe that courses a present, specifying the meant impression being pursued, and recognizing how a donation suits with a donor’s personal identification and magnificence. Acknowledging and realizing those primary, strategic points of giving, Frumkin argues, may help confirm philanthropy that extra successfully achieves its aims—and while builds a long-lasting courting among donors and the associations they help. because the subsequent iteration of donors combat with the problem of successfully dispensing what Andrew Carnegie referred to as “surplus wealth,” Frumkin’s street map should be an indispensible source for future years.
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Extra resources for The Essence of Strategic Giving: A Practical Guide for Donors and Fundraisers
Olin Foundation to which he donated most of his fortune upon his death in 1951. Over the coming decades, the trustees of the foundation sought to honor Olin’s dedication to science and engineering by making major grants to support the advancement of engineering education around the country. W. Olin Foundation attempted to make an ever bigger impact on engineering education by creating the Franklin W. Olin College of Engineering, a new undergraduate school that would be located just outside of Boston.
26â•… c h a p t e r o n e chapter two Dimensions of Philanthropic Value The choice of what to support lies at the heart of defining a strategy for giving. Donors cannot say yes to every grant-seeker who seeks support. To do so would inevitably deplete resources quickly and lead to a large disconnected group of grants. While most organizations seeking funds are deserving, basing all philanthropic decisions only on the expressed needs of organizations requesting support is impossible. Philanthropic strategy demands that donors make some effort to bring coherence and order to giving.
Sion of public funds from the National Institutes of Health. The lab has influenced the way research is conducted at other labs and became the paradigmatic philanthropic intervention in medical re search. What made this intervention so successful? Was it just luck? Why did Irene Diamond produce so much public value through her philanthropy while the Everetts’ philanthropy led to such a calami tous and embarrassing failure? It is important to dismiss a number of incomplete explanations for the different outcomes of the Everett and Diamond gifts.
The Essence of Strategic Giving: A Practical Guide for Donors and Fundraisers by Peter Frumkin