{"id":529447,"date":"2010-04-15T19:52:13","date_gmt":"2010-04-15T23:52:13","guid":{"rendered":"tag:typepad.com,2003:post-6a00e54efc2f8088330133ecb16283970b"},"modified":"2010-04-15T19:52:13","modified_gmt":"2010-04-15T23:52:13","slug":"good-stewardship-in-a-bad-economy","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/529447","title":{"rendered":"Good Stewardship in a Bad Economy"},"content":{"rendered":"<div xmlns=\"http:\/\/www.w3.org\/1999\/xhtml\">\n<p><a href=\"http:\/\/pndblog.typepad.com\/.a\/6a00e0099631d0883301347fd43fcb970c-popup\" onclick=\"window.open(this.href,'_blank','scrollbars=no,resizable=yes,toolbar=no,directories=no,location=no,menubar=no,status=no,left=0,top=0'); return false\" style=\"float: right;\"><img decoding=\"async\" alt=\"Seedling009\" class=\"asset asset-image at-xid-6a00e0099631d0883301347fd43fcb970c \" src=\"http:\/\/pndblog.typepad.com\/.a\/6a00e0099631d0883301347fd43fcb970c-200wi\" style=\"margin: 0px 0px 5px 5px; width: 160px;\" title=\"Seedling009\"><\/img><\/a> Last Thursday, the Foundation Center celebrated the publication of <em><a href=\"http:\/\/foundationcenter.org\/marketplace\/catalog\/product_monograph.jhtml?id=prod2970001\" >After the Grant: The Nonprofit&#8217;s Guide to Good Stewardship<\/a><\/em>, the newest title in its <a href=\"http:\/\/foundationcenter.org\/marketplace\/catalog\/subcategory_generic.jhtml?id=cat340002\" >proposal writing book series<\/a>, with an event at its New York library featuring <a href=\"http:\/\/www.altmanfoundation.org\/\" >Altman Foundation<\/a><br \/>\npresident Jane O&#8217;Connell and nonprofit consultant Marilyn Hoyt. Book<br \/>\neditor Judi Margolin kicked off the event by talking about how the book<br \/>\ncame to life. <\/p>\n<p>Over the years, the Foundation Center has <a href=\"http:\/\/foundationcenter.org\/marketplace\/\" >published<\/a><br \/>\na broad range of sector-related guides and nonprofit management books,<br \/>\nbut nothing about how nonprofits can build relationships with funders <em>after<\/em> receiving a grant &#8212; which, according to Margolin, &#8220;is just the beginning.&#8221; <em>After the Grant<\/em> fills that gap with an in-depth look at what it takes to build and maintain lasting relationships with key funders.<\/p>\n<p>While many of the development pros in the room had secured their<br \/>\nfair share of grants over the years, a quick show of hands revealed<br \/>\nthat last year was a tough one for almost everyone. And, according to a<br \/>\nrecent Foundation Center <a href=\"http:\/\/foundationcenter.org\/gainknowledge\/research\/pdf\/researchadvisory_economy_200911.pdf\">research advisory<\/a> and a separate <a href=\"http:\/\/foundationcenter.org\/pnd\/news\/story.jhtml?id=288700008\" >survey<\/a> by the Nonprofit Finance Fund, foundation giving isn&#8217;t likely to rebound in 2010. <\/p>\n<p>Speaking directly to that point, O&#8217;Connell said that &#8220;We may never<br \/>\nget back to where we were&#8221; &#8212; and that means everyone, foundations and<br \/>\nnonprofits alike, needs to re-evaluate what they are doing and how they<br \/>\ndo it. <\/p>\n<p>According to O&#8217;Connell, the economic downturn has caused many<br \/>\nfoundations that don&#8217;t want &#8220;to waste a good crisis&#8221; to re-evaluate<br \/>\ntheir giving. As a result, foundations are:<\/p>\n<ul>\n<li>proceeding with caution and considering alternative forms of investment (including mission- and program-related); <\/li>\n<li>looking more closely at outcomes; <\/li>\n<li>looking more closely at who is sitting on their grantees&#8217; boards<br \/>\n(and paying special attention to who is watching the organization&#8217;s<br \/>\nmoney); <\/li>\n<li>looking more closely at their grantees&#8217; financials to see whether<br \/>\nthey have adequate reserves and\/or are overly reliant on government<br \/>\ngrants; <\/li>\n<li>not particularly enthusiastic about mergers because in many cases &#8220;they haven&#8217;t panned out as we thought they would.&#8221;<\/li>\n<\/ul>\n<p>Bottom line: Nonprofits need to treat their funders &#8220;just like they<br \/>\nwere venture capitalists,&#8221; said Hoyt. Foundations want to have good<br \/>\nrelationships with their grantees. Not only do they want to hear about<br \/>\nthe good things a grantee was able to do with their grant, they<br \/>\nalso\u00a0want to hear about the things that didn&#8217;t go as planned &#8212; and, in<br \/>\nmany cases, may be willing to offer additional help, if\u00a0it makes sense.<br \/>\n&#8220;Our success is their success and our failure is their failure,&#8221; said<br \/>\nHoyt, quoting a Wisconsin funder.<\/p>\n<p>When reaching out to program officers, added Hoyt, think about the<br \/>\nfact that they&#8217;ve already gone to bat for your organization. Be nice to<br \/>\nthem.\u00a0Don&#8217;t be a pest. <\/p>\n<p>Here are some things you can do: <\/p>\n<ul>\n<li>Hire a photographer to take pictures at your events. After every<br \/>\nevent, e-mail your program officer and ask whether he\/she would like<br \/>\ndigital copies for their newsletter or annual report. <\/li>\n<li>Set up <a href=\"http:\/\/www.google.com\/alerts\" >Google Alerts<\/a>. Each time your program officer or funder turns up in the news for a job well done, send them a brief congratulatory note. <\/li>\n<li>Most importantly, have a conversation with your program officer and ask how often he\/she would like to hear from you.<\/li>\n<\/ul>\n<p>What other things can or are nonprofits doing &#8212; both before <em>and<\/em><br \/>\nafter the grant &#8212; to cultivate solid, productive relationships with<br \/>\ntheir funders?\u00a0Use the comments section below to share your\u00a0good<br \/>\nstewardship tips.<\/p>\n<p><em>This post by <\/em><em>Regina Mahone was originally featured on the Foundation Center&#8217;s<a href=\"http:\/\/pndblog.typepad.com\/pndblog\/\"> PhilanTopic<\/a> blog.<\/em><\/div>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/SfLibraryBlog?a=qldZZQzjDWY:DBvPIfJGecg:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/SfLibraryBlog?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/SfLibraryBlog?a=qldZZQzjDWY:DBvPIfJGecg:7Q72WNTAKBA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/SfLibraryBlog?d=7Q72WNTAKBA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/SfLibraryBlog?a=qldZZQzjDWY:DBvPIfJGecg:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/SfLibraryBlog?i=qldZZQzjDWY:DBvPIfJGecg:V_sGLiPBpWU\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/SfLibraryBlog?a=qldZZQzjDWY:DBvPIfJGecg:qj6IDK7rITs\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/SfLibraryBlog?d=qj6IDK7rITs\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/SfLibraryBlog?a=qldZZQzjDWY:DBvPIfJGecg:gIN9vFwOqvQ\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/SfLibraryBlog?i=qldZZQzjDWY:DBvPIfJGecg:gIN9vFwOqvQ\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/SfLibraryBlog?a=qldZZQzjDWY:DBvPIfJGecg:I9og5sOYxJI\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/SfLibraryBlog?d=I9og5sOYxJI\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/SfLibraryBlog\/~4\/qldZZQzjDWY\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last Thursday, the Foundation Center celebrated the publication of After the Grant: The Nonprofit&#8217;s Guide to Good Stewardship, the newest title in its proposal writing book series, with an event at its New York library featuring Altman Foundation president Jane O&#8217;Connell and nonprofit consultant Marilyn Hoyt. Book editor Judi Margolin kicked off the event by [&hellip;]<\/p>\n","protected":false},"author":4245,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-529447","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/529447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4245"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=529447"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/529447\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=529447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=529447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=529447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}