Responsible stewardship is a hallmark of effective grantmaking practices. Strong, sound, and transparent management of assets contributes to the public’s confidence in philanthropy and increase grantmaking impact. Stewarding responsively adds a powerful new dimension to the work.
Responsive stewardship means identifying and managing risks rather than avoiding them. It means anticipating and adapting to all kinds and levels of change, especially in the rapidly shifting environment where grantees and grantseekers operate. It means sharing grantmaking information openly. It means using technology and data effectively and serving as facilitators of the grantmaking process rather than guards of the assets.
Board members and senior leaders at grantmaking organizations must have serious conversations about what it means to be responsive, take risks, and understand the context in which their grantees work.
Grants management professionals connect the dots across knowledge, systems, and relationships to assess and manage risk, seeking creative solutions to remove barriers to impact.
PEAK Grantmaking calls on funders to manage resources responsively, reducing the administrative and financial burdens of the grantmaking process, laying the foundation for trusting partnerships, and enabling both grantseekers and grantmakers to focus more fully on mission-driven activities.