New Way To Rate Charities Sought
Former Dean Paul Brest is mentioned in an article by The Washington Post about a plan to develop a rating system for charities:
An alliance of prominent philanthropists and entrepreneurs is developing a rating system that they hope will radically alter the way donors evaluate whether a charity is worth their money.
The Social Investing Rating Tool would assess not only how nonprofit groups spend their money but also whether their work is making a difference. The goal is to encourage donors to think more like investors -- to consider their charitable donations social investments, complete with risks and responsibilities.
Members of the Working Group include heads of two of the nation's largest philanthropic organizations -- Brian Gallagher, chief executive of United Way of America, and Paul Brest, president of the William and Flora Hewlett Foundation -- and leaders of direct-service organizations, academic institutions and corporations. All told, almost two dozen people from across the country met last week in Washington to begin discussing how to shape the new rating system.