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On Philanthropy: Five questions every nonprofit donor should ask

Bruce DeBoskey, Tribune News Service on

Published in Home and Consumer News

Charting Impact, a collaboration of the Better Business Bureau Wise Giving Alliance, Guidestar USA and Independent Sector, developed five key questions nonprofits can use to assess their own impact:

-- What is your organization aiming to accomplish?

-- What are your strategies for making this happen?

-- What are your organization's capabilities for doing this?

-- How will your organization know if you are making progress?

-- What have and haven't you accomplished so far?

IS THE NONPROFIT INTERESTED IN EXPLORING PROGRAM-RELATED INVESTMENTS IN ADDITION TO GRANTS?

Donors and nonprofits alike are increasingly exploring the use of Program-Related Investments – in addition to grants – to achieve their shared missions. On both sides of the philanthropic coin, the benefits of utilizing this important philanthropic tool are being recognized and implemented.

DOES THE NONPROFIT PROVIDE TIMELY UPDATES ON SUCCESSES AND CHALLENGES?

Donors often get frustrated when they fail to receive regular updates on a charity's progress as well as its challenges confronted in meeting its goals. Donors want to know what is working, what is not working and how their continuing support can help bridge this gap.

Philanthropy is best defined by strategic partnership principles between donors and nonprofit organizations. Today, philanthropy is trending to partnerships, collective action, complex investments, impact analysis, transparency -- and more. By asking the right questions, donors have a better chance of achieving their own philanthropic objectives and helping nonprofits achieve theirs.

About The Writer

Bruce DeBoskey is a philanthropic strategist working with The DeBoskey Group (www.deboskeygroup.com) to help businesses, families and foundations design and implement thoughtful philanthropic strategies and actionable plans. He is a frequent speaker at conferences and workshops on philanthropy. Readers may send him email at bruce@deboskeygroup.com.

(c)2017 Bruce DeBoskey

Distributed by Tribune Content Agency, LLC.

 

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