The Robin Hood Rules for Smart Giving
Robin Hood Rules for Smart Giving
1st Edition
Published on 27. November 2015
176 pages
978-0-231-53524-3 (ISBN)
Description
The Robin Hood Foundation is a charitable organization focused on alleviating poverty in New York City. Michael M. Weinstein is the foundation's senior vice president. In that role he developed its metrics-based approach, called "relentless monetization," to ensure that the money the foundation receives and grants is used most effectively. Ralph M. Bradburd has served as long-time consultant to Robin Hood on matters of metrics.
In this book Weinstein and Bradburd show how to implement the Robin Hood approach and explain how any nonprofit organizations or philanthropic donor can use it to achieve the greatest benefit from every philanthropic dollar. Drawing on their extensive knowledge, the authors devote specific chapters to the difficulties most frequently encountered by donors trying to measure the benefits of their initiatives. This book provides straightforward, targeted advice for funding "smart" nonprofit programs.
In this book Weinstein and Bradburd show how to implement the Robin Hood approach and explain how any nonprofit organizations or philanthropic donor can use it to achieve the greatest benefit from every philanthropic dollar. Drawing on their extensive knowledge, the authors devote specific chapters to the difficulties most frequently encountered by donors trying to measure the benefits of their initiatives. This book provides straightforward, targeted advice for funding "smart" nonprofit programs.
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Michael Weinstein | Ralph Bradburd
The Robin Hood Rules for Smart Giving
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05/2013
Columbia University Press
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Persons
Michael M. Weinstein is the senior vice president of The Robin Hood Foundation and holds a Ph.D. in economics from the Massachusetts Institute of Technology. He served on the editorial board of The New York Times and as its economics columnist during the 1990s. He was the founding director of the Greenberg Center for Geoeconomic Studies while holding the Paul A. Volcker Chair in International Economics at the Council on Foreign Relations. He is president and founder of W.A.D. Financial Counseling, Inc., a nonprofit foundation providing free financial counseling to poor families.
Ralph M. Bradburd is professor of economics and the David A. Wells Professor of Political Economy at Williams College. He has served as a consultant for international organizations such as the World Bank and USAID, HHS, the Federal Trade Commission, other U.S. federal and state-level government agencies, and the nonprofit Robin Hood Foundation. He is the incoming chair of the Environmental Studies Program at Williams College.
Ralph M. Bradburd is professor of economics and the David A. Wells Professor of Political Economy at Williams College. He has served as a consultant for international organizations such as the World Bank and USAID, HHS, the Federal Trade Commission, other U.S. federal and state-level government agencies, and the nonprofit Robin Hood Foundation. He is the incoming chair of the Environmental Studies Program at Williams College.
Content
Preface
1. Overview of Relentless Monetization
2. Translating Mission Into Mission-Relevant Outcomes
3. Basics of Monetizing Outcomes
4. Those Pesky Counterfactuals
5. The Meaning of Present Discounted Values
6. Examples of Metrics by Outcome
7. Examples of Metrics by Grant: Multi-Outcome Interventions
8. Completing the Analytical Traverse: Small-Bore Benefit/Cost Analysis
9. Key Generalities: Q&A
10. Six Purposes
11. Prominent Metrics Systems
12. Reflections on Risk
13. Conclusion
Appendix A: Counterfactual Complications: Shared Responsibility
Appendix B: Choices Between More and Less Risky Initiatives
Appendix C: Calculating a Program's Expected Well-being Impact
Notes
Index
1. Overview of Relentless Monetization
2. Translating Mission Into Mission-Relevant Outcomes
3. Basics of Monetizing Outcomes
4. Those Pesky Counterfactuals
5. The Meaning of Present Discounted Values
6. Examples of Metrics by Outcome
7. Examples of Metrics by Grant: Multi-Outcome Interventions
8. Completing the Analytical Traverse: Small-Bore Benefit/Cost Analysis
9. Key Generalities: Q&A
10. Six Purposes
11. Prominent Metrics Systems
12. Reflections on Risk
13. Conclusion
Appendix A: Counterfactual Complications: Shared Responsibility
Appendix B: Choices Between More and Less Risky Initiatives
Appendix C: Calculating a Program's Expected Well-being Impact
Notes
Index
Read the chapter "Overview of Relentless Monetization" (to view in full screen, click on icon in bottom right-hand corner)
