Grantmaking is a crucial aspect of philanthropy, yet traditional approaches to grantmaking operations can be ineffective and perpetuate power imbalances. Trust-based grantmaking is an alternative approach that emphasizes mutual respect, transparency, and flexibility between grantmakers and grantees. In “Grantmaking Operations with a Trust-Based Lens,” the authors provide insights into how grantmakers can apply trust-based principles to their operations, including funding decisions, grantee relationships, and reporting requirements. They recommend building strong relationships with grantees, creating open and flexible funding processes, and prioritizing long-term impact over short-term outcomes. Trust-based grantmaking operations can help to promote equity, reduce power imbalances, and ultimately lead to more effective impact. Read more here.
Source: Trust Based Philanthropy
