What's Happening?
Jen Ford Reedy, President of the Bush Foundation, is set to release a new book titled 'Please Be Good at Philanthropy: an Introduction to Grantmaking Strategy and Practice' on July 21. The book aims to address the lack of formal education in philanthropic
grantmaking, a field that, despite its complexity, lacks structured training programs akin to those in law or medicine. Reedy's book, accompanied by a workbook and online materials, seeks to provide foundational knowledge for foundation founders, board members, and others involved in philanthropy. The book is intended to fill a gap in the sector by offering a comprehensive introduction to grantmaking, which is often learned through an 'apprenticeship model' on the job. Reedy emphasizes the importance of understanding the autonomy and potential impact of philanthropic decisions, aiming to improve the effectiveness of grantmaking practices.
Why It's Important?
The release of this book is significant as it addresses a critical gap in the philanthropic sector, where decision-makers often lack formal training. By providing structured educational resources, Reedy's work could enhance the competence of those involved in philanthropy, potentially leading to more effective and impactful grantmaking. This is particularly important as foundations wield significant influence and resources, and their decisions can have far-reaching consequences. The book's focus on understanding the broader context of philanthropic choices and the risks involved could lead to more informed and strategic decision-making, benefiting both the foundations and the communities they serve.
What's Next?
Following the book's release, it is expected that the Bush Foundation will continue to promote the educational materials as a programmatic initiative, aiming to distribute them widely within the philanthropic community. The foundation has already begun sharing copies at major conferences, indicating a commitment to making these resources accessible. The book's reception may prompt other foundations to adopt similar educational approaches, potentially leading to a broader shift in how philanthropy is practiced and taught. Additionally, the book could spark discussions on the need for more formalized training programs in the sector.
