An interview with Maya Winkelstein, Executive Director of Open Road Alliance.
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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.
A new philanthropic project called the Open Road Alliance has been established to help grantees that hit snags in promised projects. It is intended both to help the grantees complete projects and educate funders about the need to be supportive when such snags appear. The Haitian nonprofit organization SOIL… Read more »
Many nonprofits shy away from discussing chances that things could go catastrophically wrong for them for fear of scaring donors. But The Commons wants to get those discussions out in the open.
Open Road Alliance Leads Task Force to Create Risk Management Toolkit for Funders.
“We designed the tool kit very deliberately, so a foundation could take it in total or pick and choose tools à la carte,” said Maya Winkelstein, who served as chairwoman of the group, called the Commons. “Our hope is people will print off the tool kit and bring it to their staff meetings or their board meetings or to their C.F.O. of programming.”
Foundations take a variety of steps to assess potential projects and protect resources, but too often they either seek to avoid risk or, worse, fail to acknowledge it.
Reinventing Risk Management by Open Road’s Maya Winkelstein is included among Exponent Philanthropy’s Outsized Impact stories 2016! We invite you to read these stories, share them with others, and embrace the practices that will help you make the most of your dollars and time. Read Outsized Impact 2016.