How to Set Aside Contingency Funding

Funders should set aside contingency funding as part of their organizational and grant budgeting processes. This document provides guidance on how funders can determine what amount of contingency resources would be appropriate.

 

 

 

 

 

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Open Road Resource
Risk in Philanthropy: A Framework for Evaluation
This brief framework is designed to provide grantmakers and NGOs with tools to conceptualize and describe risk and its implications within the scope of their philanthropic work.
Open Road Resource
Foundations Don’t Know What They’re Risking
Critical gaps exist in philanthropy’s definitions of and approach to risk management. This article describes the scope of the problem and a framework for philanthropists to adopt risk-management practices that better equip the sector to address the challenges of our time.
Open Road Resource
Contingency Strategies, Mitigation Strategies
How to Build Effective Funder-Grantee Relationships
One of the most fundamental aspects of risk management lies within the funder-grantee relationship itself. Use this tool to build transparency and trust between funders and nonprofits.
Open Road Resource
How to Implement Non-Financial Risk Mitigation Strategies
Financial support is not the only way to mitigate risk, and it is not necessarily the most effective measure in every circumstance. This document outlines non-financial strategies that funders could consider pursuing to partner with grantees in addressing and mitigating risks.