Business Commons^™

Impact Investing: A 21st Century Tool To Attract And Retain Donors, Amy L. Cheney, Kathryn E. Merchant, Robert Killins Jr.

The Foundation Review

· A familiar private foundation tool is being used by the Greater Cincinnati Foundation as a way to engage donor advisors to make a positive difference in the community.

· While due diligence and risk management of the financial return for these investments is crucial, the social return to be achieved is the primary consideration.

· Donors can achieve a modest financial return, which is recycled into their donor-advised fund, by investing locally in projects that make a significant difference.

· Initial donor interest in participating in impact investing has been strong and provided valuable insight into program design.

· …

Investigating The Roles Of Community Foundations In The Establishment And Sustainability Of Local College Access Networks In Michigan, Nathan Daun-Barnett, Haley Lamm

The Foundation Review

· Community foundations have a long history of supporting college access, particularly through the management of scholarship programs. This article examines the role of community foundations in the creation and establishment of local college access networks (LCAN) across the state of Michigan.

· We use the collective impact model as a framework to examine the roles of community foundations in the creation and development of LCANs.

· Our findings illustrate that community foundations have played a variety of roles, from fundraising to convening to cheerleading.

· The success of the community-foundation approach to LCAN development is evident both in the …

Toward A High-Performance Culture: From Strategy To Strategic Human Capital At The Rhode Island Foundation, Melanie Coon

The Foundation Review

· The Rhode Island Foundation successfully applied to be part of the first cohort of the Talent Initiative, enabling the foundation to engage in human resources planning in support of its strategic plan.

· The strategic plan called for a shift from responsive to proactive grantmaking, fundraising, and leadership, which required different staff roles and skills.

· The Talent Initiative focused on three areas: talent, systems, and culture.

· The changes that were implemented included adoption of a new performance review system, a road map for professional development, and a streamlined approach to operations and technology support.

· Initial results …

Managing Expectations When Measuring Philanthropic Impact: A Framework Based On Experience, Frank Ridzi

The Foundation Review

· In order to achieve more targeted community change than possible in conventional grantmaking, foundations have developed a portfolio of activities ranging from capacity building to venture and catalytic philanthropy.

· Key to each of these approaches is a desire for meaningful impact. Yet, funders across the nation express dissatisfaction with their ability to prove or demonstrate impact.

· Conversations with colleagues and personal experience suggest that part of this dissatisfaction is due to a disconnect between the expectations of board members, donors, staff, and participants on one hand and what is actually feasible to measure on the other.

· …