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In between reading The Girl With The Dragon Tattoo and The Girl Who Played With Fire, I picked up a new volume that reawakened my appreciation of the field in which we spend our working hours. “The Essence of Strategic Giving” may not be the book you toss into a beach bag, but it provides a refreshing look at what makes philanthropy effective, with a few bold-faced names to break up the academic presentation.
For Your Summer Reading List, Salient Points on Strategic Giving
Frumkin lays out five essential challenges that must be met in order for philanthropy to be strategic. Donors must:
- Declare what public value will be produced
- Define the grantmaking methodology and the theory of change to be pursued
- Find a satisfying, productive giving style and profile level
- Settle on a time frame and pace of fund disbursement to guide their giving
- Select the kind of institution through which to conduct their giving
“The single most important argument made in the entire book,” Frumkin says, “is that strategic giving involves the achievement of fit, coherence, and alignment of the five important philanthropic dimensions.”Read more at onphilanthropy.com