Not all that much good comes with getting older, but one exception is time spent with the best teacher of all: experience. After 27 years in foundation philanthropy, I’ve been blessed with the opportunity to learn firsthand some important lessons, and today I share a key one: Publishing your guidelines, and generally being transparent about your grantmaking process, will save you time, energy, and money, and increase the impact of your giving. It may at first seem counterintuitive, but, in my experience and that of many of my peers, the more you publicize your funding guidelines, the fewer applications you’ll get—especially if you are a funder who previously resisted making your guidelines widely known.
Share Your Philanthropy Lesson for the benefit of others.
Excerpted from philanthrofiles.org.
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