A group of California funders has been working with California's three regional associations of grantmakers on the Real Cost Project. The project is exploring what it might take for funders to adopt grantmaking practices that take into account what it really costs for nonprofits to deliver outcomes. As funders, whether we provide general operating support, programmatic support, funding for capital projects or program related investments, understanding the real cost for delivering outcomes is critical to achieving our goals. You can learn more about the project at www.RealCostProject.org.
As part of the project, NCG and our counterparts in Southern California and San Diego are convening a series of invitation-only Executive Leadership Briefings to engage senior philanthropic leaders in California on this important issue. A peer-to-peer conversation will take place on April 18. We will discuss what is meant by a real cost funding approach, when it is essential, how it can increase impact and outcomes, and what is needed for more funders to take this approach.
There will not be a formal presentation. Rather, we are inviting foundation executives and trustees to engage in an open and candid dialogue. Likely most members of NCG have not yet decided on an approach, but we believe that this is a very important issue for the health of our sector.
Please note that this event is open to foundation CEOs, executive directors, and board members only, and participation is by invitation.