PEAK Grantmaking calls on grantmakers to manage resources responsively, reducing the administrative and financial burdens of the grantmaking process, laying the foundation for trusting partnerships and enabling both grantmakers and grantseekers to focus more fully on mission-driven activities.
Responsible stewardship is a hallmark of effective grantmaking practices, contributing to public confidence and increasing grantmaking impact. Responsive stewardship means identifying and managing risks, rather than avoiding them. This involves anticipating and adapting to change of all kinds, sharing grantmaking information openly, using technology and data effectively, and serving as facilitators of the grantmaking process rather than guards of the assets. Grants management professionals can connect the dots among knowledge, systems, and relationships to assess and manage risk, seeking creative solutions to remove barriers to impact. Board members and senior leaders must have serious conversations about what it means to be responsive, take risks, and understand the context in which their grantees work.
- How can you embrace risk and innovation in your grantmaking practice?
- How can you be a more open, accessible, and transparent grantmaker?
- How can you most effectively use technology to support your grantmaking process?
(We’ll be rolling out in-depth packages of resources to support you in adapting each Principle – starting in fall 2019 and continuing into 2020.)