Money Well Spent by Paul Brest
A Strategic Plan for Smart Philanthropy (Bloomberg)

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Winner of the 2009 Skystone Ryan Prize for Research, Association of Fundraising Professionals Research Council

“All outstanding philanthropic successes have one thing in common: They started with a smart strategic plan,” say authors Paul Brest, president of the William and Flora Hewlett Foundation, and Hal Harvey, president of ClimateWorks.  

Money Well Spent explains how to create and implement a strategy that ensures meaningful results.  Components of a smart strategy include:Achieving great clarity about one’s philanthropic goalsSpecifying indicators of success before beginning a projectDesigning and implementing a plan commensurate with available resourcesEvidence-based understanding of the world in which the plan will operatePaying careful attention to milestones to determine if you are on the path to success or if midcourse corrections are necessary

Drawing on examples from over 100 foundations and non-profits, Money Well Spent gives readers the framework they need to design a smart strategy, addressing such key issues as:Effective use of tools—education, science, direct services, advocacy—that can achieve your objectives.How to choose the forms of funding to achieve stated goalsHow to measure the impact of grants or programsWhen to be patient and stick with a winning strategy and when to abandon a strategy that isn’t working

This is a book for everyone who wants to get the most from a philanthropic dollar: donors, foundations, and non-profits.


About Paul Brest

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Paul Brest is the president of The William and Flora Hewlett Foundation. Before joining the Hewlett Foundation, he was a professor at Stanford Law School, serving as dean from 1987 to 1999. He teaches a course on judgment and decision-making in the Public Policy Program at Stanford University and is coauthor of the forthcoming book Problem Solving, Decision Making, and Professional Judgment.Hal Harvey, a former director of The Hewlett Foundation’s Environment Program, is now the president of ClimateWorks. He is also the president of the New-Land Foundation and has held positions at several different not-for-profit foundations, including the Mertz-Gilmore Foundation, the Heinz Endowments, and the Ploughshares Fund. He served on the energy panel of the President’s Committee of Advisors on Science and Technology and chairs the MB Financial Corporation in Chicago.
Published May 18, 2010 by Bloomberg Press. 288 pages
Genres: Business & Economics. Non-fiction

Unrated Critic Reviews for Money Well Spent

Stanford Social Innovation Review

If the next generation of strategic philanthropy books does indeed focus on grantmaking from more than the grantor angle, I hope authors give attention to the following thorny issues: Does increased media scrutiny of our field lead some donors (boards especially) to feel more impatient for result...

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