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Money Well Spent
392 pages, 2018
Behind every successful grant is a smart strategy. In Money Well Spent, an award-winning guide on how to structure philanthropy so that it really makes a difference, Paul Brest and Hal Harvey draw on the experiences of hundreds of foundations and non-profits to explain how to deliver on every dollar.
They present the essential tools to help readers create and test effective plans for achieving demonstrable results. Brest and Harvey tackle thorny issues, such as how to choose among different forms of funding, how to measure progress, and when to abandon a project that isn't working.
In 'Money Well Spent', Paul Brest emphasizes the importance of strategic philanthropy. He suggests that donors should not just give away money, but should also take the time to research and understand the causes they are supporting. This way, they can ensure their donations are making a real impact.
Brest encourages an outcome-oriented approach to philanthropy. He believes that donors should focus on the results of their giving, rather than just the act of giving itself. This means tracking the progress of the causes you support to see if your donations are truly making a difference.
The book also explores the power of collaboration in philanthropy. Brest suggests that by working together with other donors, organizations, and communities, you can achieve more significant results. So, don't hesitate to look for opportunities to collaborate when you're planning your philanthropic activities.
Brest stresses the importance of evaluation in philanthropy. He believes that donors should regularly check the effectiveness of their donations. This can help you find out if your money is being used efficiently and if the cause you're supporting is making progress.
In 'Money Well Spent', ethical considerations in philanthropy are also discussed. Brest encourages donors to consider the ethical implications of their donations. This includes thinking about how your donations might affect the communities you're trying to help and ensuring that your giving doesn't inadvertently cause harm.
