Nonprofit Finance Fund will lead this 90-minute briefing geared toward foundation trustees and board members, as well as individual philanthropists, will set a clear understanding of the importance full cost plays in achieving sector outcomes. The components of full cost will be clearly defined, and connected to different grantmaking strategies. One funder will never be expected to pay the full cost of running a nonprofit. However, funders have a responsibility to pay appropriate portions and components of full cost based on their strategy and expectations of grantees.
To learn more about other programs in Phase 2 of the Full Cost Project click here.
Who Should Attend
- Foundation trustees or board members, senior staff of foundations, individual philanthropists, and members of giving circles.
- Your funding organization may be incorporating a full cost approach in some or all of its grantmaking, or staff may be asking you to adopt this approach. While you may not be responsible for the implementation (depending on the size and structure of your operation), you do need to understand the implications of full cost funding.
- This workshop is not geared toward nonprofits.
This briefing is geared towards foundation board members and trustees as well as individual philanthropists. CEOs are welcome to join as well. To register, email Kate Seely at firstname.lastname@example.org or call 415-872-1021.
Claire Knowlton leads NFF’s work on full costs with nonprofits, funders, and other partners (read more in, "Why Funding Overhead Is Not the Real Issue: The Case to Cover Full Costs") She also leads several major initiatives, including a six-year effort that combines anti-racism, capacity building, and funding to develop new nonprofit arts models. Prior to joining NFF, Claire led a community-based art center in Los Angeles from financial distress to being a model of excellence in programming and organizational management. She also has worked as an auditor and tax-preparer for nonprofits. Claire earned a Bachelor of Arts from University of the Pacific with a double major in economics and religious studies. She is co-founder of The Life You Can Save, a nonprofit committed to ending extreme poverty by directing philanthropic dollars to effective solutions.
To learn more about Phase 2 of the Full Cost Project read the announcement here.