The Will and The Way: Philanthropy’s Grantmaking Defaults Must Change

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The recent report on philanthropy confirms that the vast majority of funding is project-based, that this type of funding rarely covers the full cost of the associated work, that “cost-minus” funding is not just unfair, but also causes a whole host of financial and non-financial problems for nonprofits, and that funders serious about doing their “fair share” need to pay more or loosen their restrictions. The article agrees that these are important issues, but a few related matters merit discussion as well in particular what would happen if foundations actually changed their grantmaking practices? The article also offers possible conventions that would make it easier for funders to support indirect costs that they acknowledge are important but remain loath to pay for. Read more here.

Source: NPQ

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