Catalytic Philanthropy: A Perfect Lead-In to the Clinton Global Initiative (CGI)
My friend and colleague, Mark Kramer, just published an excellent new article on Catalytic Philanthropy. It's an extension of his work in helping foundations and philanthropists to improve their giving strategies. Kramer's work also complements the approaches I recommend in Leveraging Good Will and in this Fast Company blog on Leading Companies for Good.
Kramer urges philanthropists to take responsibility for achieving results, and praises donors who "think about how to solve a specific problem using every skill, connection, and resource they possessed." And he gives an example of a Bob Patillo and the Rockdale Foundation, who expanded a tiny microfinance organization in the Middle East into a significant regional institution that is now supported by 18 foundations.
I agree with Mark. A difference in my approach is that I encourage donors to achieve the greatest impact in solving global issues by engaging on the boards of directors of nonprofits, and even preparing to lead them. Because boards have all the power. The power to establish the missions of nonprofit organizations--the problems that organizations will solve; the visions-- the greater potential that organizations will achieve; and the strategies-- the business plans, including the revenue models.
For continuation, go to http://3bl.me/qc7ax8