Weekly Must-Reads: March 7

A list of the essential articles I posted to Twitter from February 21– March 6, 2010.  This week’s topics include: Nonprofit Strategy & Governance; Social Media; Israel Finance & Economy; Global Finance & Economy; & Potpourri. Continue reading

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Israeli Study Finds that Foundations Are not Effective in Checking Nonprofits

An article was recently posted on Midot’s website highlighting a joint study done by Midot and Sheatufim.   The study was presented at a Sheatufim conference on June 23, 2009.  The many findings of the study include:

  • Israeli philanthropic foundations are investing great resources in the grant process and in grant selection before the transferring of funds to nonprofits; however, most foundations lack clear criteria that accompany the process and rely only on the reports from the recipients themselves.
  • Even though the processes of the different foundations are similar, there exists little cooperation between the various foundations.
  • Most foundations do not rely on external professionals to help check the recipients’ usage of the grants.
  • Most foundations do not implement a suitable analysis before the donation is given.
  • Foundations reported a lack of evaluation and measurement tools to check recipient organizations.  Foundations also noted a lack of tools to help analyze the financial statements of the organizations. Continue reading