Course blog for American University PERF-570, Fall 2014
Here is a blog about grantmakers.
The author makes the insight that grantmakers are so protecting their investments that “complex grant applications and rigorous reporting requirements are limiting efforts to support organizations that have not built the infrastructure needed to be in the fundraising game”. She also clarifies the main reason that causes the situation is “most grantmakers are understaffed, so their ability to identify and support organizations not already in the pipeline is extremely limited”.
At last, the article posts with several measures to identify if the grant process is love-oriented, and to guide grantmakers to be more supportive to those underfunded art organizations. One measure really impresses me is to “support leadership in financial and organizational management”. Small art organizations may be immature in different aspects, and management skills are crucial for their survival, so it’s better to educate them instead of feeding them occasionally.
And the suggestions from the author remind me of the role played by VP (venture capital), which is financial capital provided to early-stage, high-potential, growth startup companies. Venture capitalists with an operational background will serve as management consultants. Maybe grantmaker can draw lessons from those VPs, who to my knowledge, mostly don’t set complex requirements for potential emerging organizations. Thus, underfunded organizations may benefit a lot from the changes.