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.
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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.
Since 2011, Reclaim Detroit has dismantled old homes in the city, salvaging the wood, fixtures, bricks and even doorknobs for new projects, from its own line of cutting board and other products to outfitting private homes to supplying materials for the city’s hip new bars and restaurants as well as… Read more »
With all of the reports, blog posts, and webinars that we get exposed to every day, it’s sometimes hard to believe that we can’t find the answers we are looking for. Is the evidence out there and I’m just looking in the wrong place. Well, sometimes yes.
Grant makers should weigh their tolerance for risk and bring that mind-set into their day-to-day operations.
IssueLab, a service of Foundation Center, has recently launched a special collection of resources about risk and philanthropy. The collection contains 70 reports, case studies, thought pieces, and more that speak to how philanthropic organizations talk — and don’t talk — about the risks inherent to their work. Support for… Read more »
An Interview with Open Road’s Executive Director, Maya Winkelstein, about Risk in Philanthropy at the Fall 2016 Global Health Practitioner Conference.