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Philanthropy and Voluntarism
Connections - Grantmaker to Federal Grantee: Risks and Rewards: Lessons Learned From the Social Innovation Fund
In order to succeed, a public-private partnership like the Social Innovation Fund requires not only shared interests, goals, and missions but also concerted capacity-building efforts on the part of fund grantees to meet additional demands, a report from Grantmakers for Effective Organizations finds. Based on the experiences of three funders that have served as SIF intermediary institutions, Grantmaker to Federal Grantee: Risks and Rewards: Lessons Learned From the Social Innovation Fund (8 pages, PDF), highlights the importance for SIF grantees of assessing their capacity in key areas such as communications, fundraising, evaluation, and accounting and urges grantees to consider potential costs when applying for SIF funds, prepare for a short ramp-up period and tight timelines, and be flexible enough to adapt to shifting government priorities.
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