Robin Hood Rules for Smart Giving

ISBN-10: 023115836X

ISBN-13: 9780231158367

Edition: 2013

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Description: The Robin Hood Foundation is a charitable organization focused on alleviating problems caused by poverty in New York City. Michael M. Weinstein is the Foundation's senior vice president, and Ralph M. Bradburd was a long-time consultant. Together, they worked to develop a metric-based approach called "relentless monetization," which made sure the money they took in and granted out was used effectively and resulted in long-term change.In this book, Weinstein and Bradburd describe their method, explaining how to measure, track, and present a project so as to realize its full potential. They share examples from the Foundation's own experience with relentless monetization, opening the books on the obscure dynamics of a large grant-giving organization. The authors also show other nonprofit organizations how to implement their approach within their own fundraising and grant-giving strategies, and they discuss the best way to guarantee success in a variety of philanthropic endeavors. Drawing on their vast knowledge, the authors devote specific chapters to the difference between beneficial and detrimental philanthropic practices and their outcomes and provide targeted advice for funding "smart" nonprofit programs.

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Book details

List price: $27.95
Copyright year: 2013
Publisher: Columbia University Press
Publication date: 5/14/2013
Binding: Hardcover
Pages: 176
Size: 6.38" wide x 9.29" long x 0.72" tall
Weight: 0.902

Michael M. Weinstein is director of programs for the Robin Hood Foundation and the New York Times Foundation. He provided analysis of economic issues for National Public Radio before joining the New York Times, becoming a member of its editorial board and its economics columnist during the 1990s.

Preface
Overview of Relentless Monetization
Translating Mission Into Mission-Relevant Outcomes
Basics of Monetizing Outcomes
Those Pesky Counterfactuals
The Meaning of Present Discounted Values
Examples of Metrics by Outcome
Examples of Metrics by Grant: Multi-Outcome Interventions
Completing the Analytical Traverse: Small-Bore Benefit/Cost Analysis
Key Generalities: Q&A
Six Purposes
Prominent Metrics Systems
Reflections on Risk
Conclusion
Counterfactual Complications: Scared Responsibility
Choices Between More and Less Risky Initiatives
Calculating a Program's Expected Well-being Impact
Notes
Index
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