The Tenets of Impactful Giving Series Part 4: Get Granular with Research & Reality-Based Philanthropy
Summary
In this issue, let’s turn our attention to another essential component: ensuring that your philanthropic strategy is based on research and reality. For example, if your goal is to beautify a park, it first makes sense to know the types of plants that will grow and thrive there—along with those that are invasive. Another way to bring this tenet of impactful giving to life is if you are focused on a particular issue, such as minimizing high school dropout rates. Thinking through these details at a granular level before you start granting can help your giving be more impactful in the long run. No matter the cause or issue area you’d like to support, there are always other players both at the organization you are funding and also like-minded funders in the space you are targeting with your strategy.