Recently, Fluxx Co-founder and Chief Development Officer, Kerrin Mitchell, and Fluxx Chief Evangelist, Dan Schoenfeld, delivered an illuminating webinar: 4 Ways in Which Technology is Changing Grantmaking. The webinar brought context to key trends we’re seeing in philanthropy—specifically how improved technology has resulted in optimization and success for both foundations and nonprofits.
Grantee reports are essential for foundations, helping determine disbursements and grants. Reporting is also a vital part of making grants and a fantastic opportunity for grantees to share advancement with grantmakers. But done inefficiently, it can be a tedious task that contributes little to grantmaker or grantee.
Done right, reporting can be a meaningful exchange of data and stories as well as a tremendous opportunity for growth for both grantees and grant makers.
Popular online magazine Slate recently released a new series about philanthropy. With The Slate 90, the journal will start ranking the largest American nonprofits by revenue, organized according to nine categories ranging from the arts to health. Its goal is to increase scrutiny of the growing philanthropic sector and provide what it calls “a more robust and useful portrait of the tax-free economy” and “the nonprofit-industrial complex” in particular. This snapshot of US philanthropy, based on 2015 data, shows the contemporary giving landscape.
This post was originally published on the PEAK Grantmaking blog in November, 2017.
It’s inevitable: at the end of every grant cycle, a final report provides a record of grantee successes, challenges, and monies spent. But how often does the final report become a meaningful mechanism for further reflection or change?
Depending on the requirements of your funder, you’ll most likely have to file a detailed report about your financials, along with an evaluation of the funded program. Although grant reporting can be a valuable tool for growth, this crucial component of the funding cycle often causes sticking points for both nonprofits and funders.