By Glenmede, an Exponent Philanthropy Platinum Sustaining Partner
Originally distributed as part of Glenmede’s Top 5 series
While grantmaking remains one of the most powerful ways for philanthropists to create an impact, new ways of thinking have inspired philanthropists to leverage additional strategies.
Become a Strategic Partner, Not Just a Funding Source
Grantmakers have the ability to impact grantees in a number of ways beyond providing funds. By strategically partnering with your grantees, you can gain a better understanding of the issues and challenges they face. Your partnership may open new opportunities for your grantees through providing access to mentorship, education, training or even new staff and team members. You likely have relationships and other connections that could benefit the organizations you support in a variety of ways.
Roll Up Your Sleeves
Have you ever considered working alongside the organizations that you fund? One of the most mutually beneficial and impactful experiences for organizations and their grantees is to work alongside one another. As a funder, you have the opportunity to get up close and personal with the projects and programs you are supporting while building a deeper connection with your grantees. For grantees, these moments provide an opportunity to see you as more than a funding source and learn more about the mission, vision and values of your organization.