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Philanthropy

by....Michael....E....Porter;....Mark....R....Kramer....Article....Language:....English....Publication:....Harvard....Business....Review,....Vol.....A...company...must...either...produce...equivalent...value...at...a...lower...cost...than...rivals...or...produce...greater...value...for...comparable...cost....Ebook:..A..digital..book..provided..in..three..formats..(PDF,..ePub,..and..Mobi)..for..the..price..of..one...But..superior..social..performance..per..dollar..of..funding..should..be..the..aim...But..the..immediate..social..benefit..is..only..the...50..per..year..that..the..foundation..gives..awaythat..is,..less..than..14%..of..the..forgone..tax..revenue...What...we...are...saying...is...that...as...a...nation,...we...make...a...substantial...investment...in...foundation...philanthropyone...well...worth...making...if...foundations...meet...their...obligation...to...perform....View...Now...View...all...editions......Close...3....Health...All...TypesReportArticle...Apply...>...Featured...The...Dawn...of...SystemLeadership...Complex...social...problems...require...a...system...leader...to...catalyze...change....

 

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4.....The..evaluations..that..do..take..place..are..often..problematic..in..three..ways...Despite..cutbacks..in..government..funding..for..social..programs,..foundations..can..still..create..enormous..value..by..advancing..the..state..of..knowledge..and..practice..in..the..social..sector...In...1904,...Carnegie...funded...research...by...Abraham...Flexner...on...the...state...of...medical...education,...which...revealed...a...widespread...lack...of...standards....Philanthropy's....new....agenda....:....creating....value.....Improving..the..performance..of..grant..recipients..often..requires..foundations..to..work..closely..with..grantees...Philanthropy's...new...agenda:...creating...value....So..many..organizations..clamor..for..their..help,..every..grant..seems..to..do..some..good,..and..there..is..so..little..accountability..for..results...The..green..revolution,..for..example,..had..its..roots..in..research..sponsored..jointly..by..the..Ford..and..Rockefeller..Foundations..in..the..late..1950s..and..early..1960s...

 

Consider....the....San....Francisco-based....Roberts....Enterprise....Development....Fund,....which....focuses....on....creating....employment....for....the....homeless....and....indigent.....But....that....doesnt....mean....that....foundations....should....abandon....the....goal....of....superior....performance.....And...compared...with...individual...donors,...foundations...have...the...scale,...the...time...horizon,...and...the...professional...management...to...create...benefits...for...society...more...effectively....If...foundations...serve...merely...as...passive...conduits...for...giving,...then...they...not...only...fall...far...short...of...their...potential...but...also...fail...to...meet...an...important...societal...obligation....They..rarely..do..the..up-front..research..and..the..postevaluation..needed..to..ascertain..if..their..programs..have..been..successful..and..have..continued..to..thrive..after..the..initial..period..of..seed..grant..support...Putting...these...elements...together...into...a...coherent...whole...will...require...developing...a...strategy,...aligning...operations...with...that...strategy,...and...revising...the...foundations...governance...so...that...the...strategy...can...be...monitored...effectively....

 

Foundations..can..not..only..encourage..them..to..do..so..but..also..bring..to..bear..their..objectivity..as..well..as..their..own..and..outside..expertise..to..help..grantees..identify..and..address..weaknesses...As...a...result,...they...lack...strong...incentives...to...measure...and...manage...their...performance....Read...more...Topics:...Shared...Value...Pages1...2...3...4......next......last......Subscribe...Get...updates...from...FSG...on...new...publications...and...tools,...events,...and...other...resources...to...help...you...do...your...best...work....Little...effort...is...devoted...to...measuring...results....Updating...results.......For....more....details....Educators:....Register....as....a....Premium....Educator....at....hbsp.harvard.edu,....plan....a....course,....and....save....your....students....up....to....50%....with....your....academic....discount.....User....Name:....Password:....Remember....me....on....this....computer....Cancel....Forgot....your....password?.........View..Now..Close..Checking...MENU....SUGGESTED....TOPICS....SUBSCRIBE....Hi,....SIGN....IN....Items....added....to....cart....Your....Shopping....Cart....is....empty.....

 

This....view....is....not....widely....held....today.....Altogether,....many....millions....of....the....worlds....poorest....people....benefited....from....the....knowledge....created....by....those....two....foundations.....Today....boards....of....all....but....the....very....largest....foundations....discuss....and....approve....specific....grant....allocations....at....their....meetings.....View..Now..Close..4...With...goals,...a...strategy,...and...evaluation...mechanisms...in...place,...staff...could...have...greater...independence...to...make...grant...decisions...themselves...on...a...more...timely...and...flexible...basis....American....Express....The....Card....Identification....Number....(CID/4DBC)....is....a....four-digit,....non-embossed....(flat)....number....that....is....printed....on....every....American....Express....Card.....Tailoring....activities....to....strategy....is....the....way....a....foundation....institutionalizes....and....reinforces....its....distinctive....strengths.....3...117252890....1....Philanthropy's....new....agenda:....creating....value.....

 

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