By Peter Frumkin
Within the face of worldwide monetary difficulties and under pressure govt budgets, the power of non-public philanthropy to step in and aid remedy public problems—and aid very important inner most associations as well—has might be by no means been extra very important. yet how can donors verify their contributions may be powerful? and the way can fundraisers make their case for aid in a fashion that's compelling and effective? With The Essence of Strategic Giving, Peter Frumkin distills the teachings of his complete, award-winning research, Strategic Giving, right into a concise, useful consultant for everybody thinking about inner most philanthropy, from donors to managers of nonprofits to fund-raisers. He defines 5 serious demanding situations that each one donors needs to tackle if their philanthropy is to quantity to greater than indiscriminate charity, together with being conscious of the time-frame that publications a present, specifying the meant influence being pursued, and recognizing how a donation suits with a donor’s personal id and magnificence. Acknowledging and knowing those basic, strategic points of giving, Frumkin argues, may help confirm philanthropy that extra successfully achieves its aims—and even as builds an enduring courting among donors and the associations they help. because the subsequent new release of donors combat with the problem of successfully dispensing what Andrew Carnegie referred to as “surplus wealth,” Frumkin’s highway map might be an indispensible source for future years.
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Additional resources for The Essence of Strategic Giving: A Practical Guide for Donors and Fundraisers
Third and most significantly, the gift does seek to address an important civic need, one that local government has long neglected. Wisconsin ranks among the bottom states in terms of state and local support of the arts. In rationalizing his philanthropic decision, Frautschi chose to focus on something that the public sector has neglected because of its other pressing commitments. Recognizing that a division of labor between the public and private sectors was inevitable, Frautschi believed that his gift was simply taking care of something that many taxpayers would not prioritize yet that many would enjoy.
These decisions will turn on how leverage can best be gained, given the philanthropist’s purpose. Finally, donors may want to think through how their giving will achieve meaningful scale, whether through organizational expansion or program rep lication. A logic model is important because it defines the causal linkages, starting with the making of a grant and ending with the results. Many grants do not produce each of their intended ef fects, and a clear logic model will give the donor the opportunity to diagnose the problem with a given philanthropic intervention.
Olin Foundation. Over the years, this foundation funded the construction of over seventy engineering buildings on college campuses around the country to reflect the donor’s abiding commitment to engineering education. Born in 1860, Franklin W. Olin d i m e n s i o n s o f p h i l a n t h r o p ic value â•… 45 received little formal education, but he was determined to study engineering and eventually graduated from Cornell University. Olin played in forty-nine games during two years of major league baseball with the American Association’s Washington Senators and Detroit Tigers, but his engineering skills proved greater than his athletic ability.