Strategic or impact philanthropy identifies a challenge or need in the world and invests resources to address that problem in a targeted and measured way. It is the shift from making simple donations that you hope will help a cause, to actually articulating a focus and helping to shape a program that will have significant impact. Focus is key!
A strategic grants program will allow you to make important change. You may choose to make individual grants that are strategic or your actual grant choices may be linked in a way to accomplish an overarching goal.
I find that clients are more engaged and satisfied when we have worked together to develop a strategic granting process, which includes the following:
As a philanthropy advisor, I work with my clients through all these steps, so they understand what they really want to accomplish and have strong administrative tools and practices to carry out their objectives. With focus and balance, they achieve their goals.