Grantmaking organizations manage billions of dollars of funding every year. The importance of maximizing the power of technology can’t be underestimated. Remarkably, most foundations lack a strategic technology plan that aligns with their mission, initiatives, and foundationwide strategy — even though it’s vital to reaching their goals.
In fact, according to a 2014 Technology Affinity Group (TAG) survey, a mere 23 percent of respondents said they have a technology plan that has been updated within the past two years. An additional 15 percent said they have a plan, but it hasn’t been updated, which means it isn’t keeping up with rapidly advancing technology. The most troubling statistic is the 62 percent of respondents who don't have a technology plan at all.