The Takeaway: Right-sized grantmaking maximises the value of grants and doesn't place undue burdens on grantseekers.
What is right-sizing?
Right-sizing means making sure that what is asked of grantseekers throughout the process of applying for and acquitting a grant is in proportion to the amount of money on offer. When grantseekers are asked to provide an excessive amount of information, the resources they need to spend on the response can significantly reduce the true value of the grant.
What should we do about it?
Both documents are worth reading in detail, but in summary, the Grant Managers Network recommends that you:
Grantmakers for Effective Organisations also suggests working out what you really want to know, and how you can get hold of that information. In addition, GEO recommends that you:
Both organisations acknowledge that you as the grantmaker require a certain amount of information to establish whether a potential grantee is capable of delivering the results you're looking for.
GEO proposes eight factors to consider in that assessment: organisational history and track record; governance and executive leadership; organisational vision and strategy; proposed planning, outcomes and evaluation; human resources; external communications; relationships and networks; and financial health.
At the Australian Institute of Grants Management, we're always on the lookout for funding and grantmaking experiments that increase bang for buck. Here are our top trends for 2019.
In this "knowledge is power" edition, we're delivering on our commitment to making grantmakers' jobs easier by sharing specialist knowledge from the field.
An abridged version of Gary Banks' address for the Alf Rattigan Lecture for the Australia and New Zealand School of Government (ANZSOG) that points the way for what's worked in the past, and what can be done to avoid policy on the run.
Leading Australian philanthropist Alan Schwartz is tackling one of the hardest challenges the planet faces: to put a true value on the social and natural capital of the world, including health, literacy, trust, clean water and biodiversity.