1 in 5 projects encounter unexpected obstacles
83% of funders don't budget for contingencies
48% of non-profits are uncomfortable talking to their funders about risk

Risk & Philanthropy

The world is unpredictable. However, the philanthropic financial market is not structured to deal with the unexpected.

No industry standards currently exist for discussing, assessing, or planning for risk in philanthropy. Few grantmakers assess risk during the grant application process, and even fewer have processes in place to respond to anticipatable risks once a project is underway. The problem is not that philanthropists consciously seek to avoid risk; in fact research shows that funders often describe themselves as risk-taking. The problem is that, without the appropriate structures in place, philanthropy’s noble intention to take risks for the common good remains largely a noble intention. Without taking steps to accurately identify, understand, and manage risk, philanthropy’s ability to play the risk-taking role it has set itself is severely limited. By the same token, foundations have a significant opportunity to increase the impact of their grantmaking by taking concrete steps to proactively identify, measure, and mitigate risk.

Through research, collaboration, and advocacy, Open Road Alliance hopes to solve this gap in practice by providing tools, templates, and best practices for risk management in philanthropy.

 

Research

Tools & Templates

Stories of Risk Management in Action

In addition to this work, we provide the necessary, fast, flexible capital to help organizations overcome the unexpected.

OR In The News

News / Sep. 28, 2018
Bloomberg
The Psychologist Staking $50 Million to Help Cure a Blind Spot for Philanthropists
by Tom Metcalf
Laurie Michaels, Maya Winkelstein, and Caroline Bressan spoke with Bloomberg to discuss Open Road Alliance and the first $10 million in loans via Open Road Ventures.
News / Jul. 20, 2018
Podcast: Open Road Alliance Helps Nonprofits Address What Can Go Wrong
This week’s Business of Giving features Maya Winkelstein, executive director of Open Road Alliance, which aims to bring conversations about risk to the forefront in philanthropy. Seventy-six percent of grant makers the organization interviewed said they do not ask charities at any time during their application process what could go... Read more »
News / Jul. 16, 2018
The Business of Giving
The Business of Giving: Maya Winkelstein Joins Denver Frederick
by Denver Frederick & Maya Winkelstein
The following is a conversation between Maya Winkelstein, Executive Director of Open Road Alliance, and Denver Frederick, Host of The Business of Giving on AM 970 The Answer in New York City.
News / Jul. 10, 2018
Nonprofit Ally
Nonprofit Ally: 911 Funding for Nonprofits
by Steve Vick & Caroline Bressan
Nonprofit Ally's, Steve Vick, speaks with Director of Social Investments, Caroline Bressan, about Open Road.