Laurie Michaels is Founder of Open Road Alliance, which is celebrating its fifth anniversary. This article is the first in a four-part series sharing what Open Road has learned about risk management in philanthropy and how the organization has evolved over the past five years to better address the need for fast, flexible contingency funding in the sector. This series will include findings from Open Road’s research and practical guidance on best practices for managing risk in order to maximize impact in philanthropy.
Latest from Open Road
Interview with Open Road’s Director of Social Investments, Caroline Bressan, by Global Development Incubator.
Recent Chronicle profiles of top charity and foundation executives offer insights into effective leadership — and a few pieces of advice. Think Big In 2013, Patty Stonesifer (profiled in August) left her post as CEO of the Gates Foundation, the world’s largest grant maker, to run Martha’s Table, a small… Read more »
An interview with Open Road’s Executive Director, Maya Winkelstein.
“Philanthropy is risk capital.” If you work in philanthropy, you’ve likely heard that phrase many times. But a survey conducted by Open Road Alliance in 2015 clearly showed that as a sector, we’re not great about discussing risk, with 76 percent of funders reporting that they don’t ask grantees to talk… Read more »
This special supplement in Stanford Social Innovation Review, produced by Open Road Alliance in partnership with The Rockefeller Foundation, examines the concept of risk in philanthropy, providing insights, examples, and practical steps to help philanthropists better account for and manage risk as an integral part of the grantmaking process.
An interview with Maya Winkelstein, Executive Director of Open Road Alliance.
Open Road’s Executive Director, Maya Winkelstein, is featured in The Chronicle of Philanthropy’s “On the Rise” series for her leadership and work at the intersection of risk and philanthropy.
An important new report has developed a framework for understanding and valuing the role of risk in contemporary philanthropy. The Open Road Alliance, The Rockefeller Foundation and Arabella Advisors collaborated on “Risk Management for Philanthropy – a Toolkit,” which is described as “the first practical, comprehensive framework providing guidance to funders on how to implement best practices in risk-management.”
In the nonprofit world, risk is too often precious in our rhetoric but neglected in professional practice. As a result, our grants mostly produce that with which we say we are most dissatisfied: the status quo.
To help small-staffed foundations, families, and individual donors more easily navigate the Risk Management Toolkit, we offer the following key takeaways and three “top tools” to consider to bring a greater risk awareness and practice to your work.