The Philea Virtual Library

The Philea Virtual Library includes over 1,000 free-to-download publications from a range of organisations and publishers on the topics of philanthropy, the management of foundations and the areas they are involved in and support. As a Philea member you can send us your publications for inclusion in the library which will also be added to the global IssueLab network where they will be made available to an extended audience, including users of Worldcat, the global catalogue used by tens of thousands of libraries. For questions or assistance, please contact the Philea Virtual Library.
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Risk Management for Philanthropy: A Toolkit

January 2, 2017

Risk is a fundamental component of philanthropists' success. Philanthropists invest money to achieve certain specified outcomes, and like any investment, that transaction is governed by the interplay between risk and return. While philanthropy has taken strides in recent years to build out the monitoring and evaluation systems necessary to measure and determine our return—described as impact—we routinely ignore the risk half of the equation.To address this gap, Open Road Alliance, Rockefeller Foundation, and Arabella Advisors convened the Commons— a diverse task force that represents all facets of philanthropy, including foundations, nonprofits, impact service providers, nonprofit attorneys, wealth advisors, and philanthropic associations. The Commons confirmed that the lack of open conversation about potential risk is a major problem for the field, and developed a first set of user-friendly tools to help funders implement better risk practices. These tools are broadly applicable across the philanthropic sector and can help all types of funders, from those first beginning to discuss risk internally to those who are evaluating the effectiveness of their risk management strategies after several years. With this toolkit, we seek to encourage funders to establish a deliberate risk profile and integrate risk management into their philanthropic practice.

Administration and Management; Evaluation and Learning; Finance and Investment; Governance, Boards and Strategy; Grantmaking and Programme Management

Essentials of Impact Investing: A Guide for Small-Staffed Foundations

September 9, 2015

The guide seeks to demystify the practice of impact investing and to help philanthropists who are serious about maximizing their impact enter this burgeoning and exciting arena. It includes:- Clear definitions of the myriad and sometimes confusing terms used in the impact investing field;- Over two dozen case examples of how peer foundations have approached impact investing, highlighting the investments they've made;- Practical tools and expert advice for conducting necessary due diligence, structuring investments, and building a monitoring plan into your portfolio.

Finance and Investment

The Rockefeller Foundation's Program-Related Investment Portfolio

June 19, 2014

In 2013, the Rockefeller Foundation funded an independent evaluation, conducted by Arabella Advisors, of 12 years of program-related investments (PRIs) made both domestically and internationally. The findings of our evaluation address the portfolio's social and financial performance, as well as opportunities to refine the PRI program strategy and align it with the foundation's focus areas and grant-making programs. The report also considers the foundation's contributions to the larger impact investing ecosystem. The foundation has since adjusted its practices based on the report's findings, many of which are relevant to anyone interested in PRIs or related approaches to impact investing.

Finance and Investment

Evaluating Post-Hurricane Katrina Investments: Strengthening Decision-Making and Organizational Impact

December 3, 2012

Per the Foundation's policy, the Foundation does not provide disaster relief. Hurricanes Katrina and Rita created an unprecedented scenario that caused the Foundation to make an exception. Following these natural disasters, the Foundation put aside its usual grantmaking process and provided expedited support to help rebuild affordable housing and assist community development efforts in the affected region. It started this process by first reaching out to organizations with which the Foundation had a pre-existing relationship and approved all of their requested support within months of the hurricanes. Overall, the Foundation supported a total of eight organizations by making one-time grants and Program-Related Investments (PRIs) that totaled $4,875,000 and by providing $1,708,500 in interest and principal forgiveness for existing PRIs.In 2012, the Foundation commissioned an evaluation of this 2005 hurricane-related funding. Our charge to the evaluation team was twofold:Assess the outcomes and impact of our grants and PRIs.Identify any important lessons from this one-time response for future occasions when the Foundation might make an exception to its policy and provide disaster-related support.

Humanitarian and Disaster Relief

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