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TIP SHEET: Five Tips to Effective Grantmaking

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In today's global environment, the needs of your constituents could be changing faster than your current grantmaking process allows for. By following these !ve best practices, you'll create a more ef!cient grantmaking process where you can anticipate evolving needs. This way, you'll be able to focus on helping your grant partners and achieving your mission. 1 Enhance your grantmaking cycle. Think of grantmaking as an investment where you want social return. From that perspective, you can stress streamlined work!ows and process automation, because time is a cost to your return. Empower your team members to know exactly what they need to accomplish, and enable them to get the information they need when they need it. 2 Measure your outcomes, and tell your story. Outcomes are key to detailing the change you're driving. The work you're funding isn't just providing tutoring to 100 high school students a month—it's increasing the high school graduation rate by 5%! When you can connect your work to a bigger story, future decision-making becomes much easier. Expectations can be set, programs can be designed to focus on results, and community relationships can be strengthened. All of these bene"ts can help prioritize efforts as funding asks evolve and change. TIP SHEET Five Tips to Effective Grantmaking 800.443.9441 solutions@blackbaud.com www.blackbaud.com December 2017

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