The fund is designed to help organizations withstand one-time cash crunches
Latest from Open Road
Open Road Alliance, a philanthropic initiative that seeks to preserve impact in the social sector, today announced the launch of Open Road Ventures, a new fund that will disburse at least $50 million in loans to nonprofits and social enterprises over the next five years.
This article is the third in a four-part series sharing what Open Road Alliance 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.
“I’ve been working as a foundation executive for five years and there are some uncomfortable truths that I’ve learned here as well. These are three things that I find myself saying every week, over and over…” Uncomfortable truths and lessons learned from Open Road’s Executive Director, Maya Winkelstein.
Yet for the sector as a whole, both intuition and experience tells us that there is a better way than desperately seeking funds after a roadblock. If funders took more initiative to talk about and plan for risks with their non-profit partners, non-profits wouldn’t need a rescue operation. Creating a contingency plan is efficient and cost effective.
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.
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.