US Foundations Come Clean
Former Dean Paul Brest is quoted in a Financial Times story about U.S. foundations' efforts to be more open and innovative:
“Many foundations have no idea whether grants succeed or fail because they are not strategic in terms of setting goals and defining what success would be and how to measure it,” says Paul Brest, president of the Hewlett Foundation. “It’s only once you begin to become clear that you can even begin to assess success and failure.”
That said, Mr Brest believes the emergence of organisations such as CEP, GEO and the Bridgespan Group, a support service for non-profits and foundations, is indicative of a shift by US foundations towards strategic philanthropy.