If you’re looking to get the most out of your philanthropy rounds, be sure to ask these 5 key questions. Asking these questions will help ensure that you’re making the most impactful decisions with your giving.
Checkout this video:
What is the organization’s mission?
The first and most important question to ask during your next philanthropy round is what the organization’s mission is. This will help you determine if the organization is aligned with your personal values and if you are likely to support their cause.
It is also important to ask about the organization’s financial stability. This information can be found by asking for the most recent audited financial statements. You should also inquire about the governance of the organization, as this will give you insights into how well the organization is run.
Finally, you should ask about how your donation will be used. Specifically, you should inquire about what percentage of donations go towards overhead costs and what percentage is used for direct services. By asking these questions, you can ensure that your donation is going towards a worthy cause that aligns with your personal values.
What are the organization’s core values?
When you’re considering a philanthropic investment, it’s important to make sure the organization’s core values align with your own. This will help ensure that your donation is used in a way that is consistent with your personal beliefs and that you can feel good about supporting the organization over the long term.
Some questions you may want to ask to get a sense of an organization’s core values include:
-What is the organization’s mission?
-What are the main goals of the organization?
-How does the organization go about achieving its mission and goals?
-Who makes up the leadership of the organization?
-What is the primary focus of the organization’s work?
What are the organization’s goals?
It is important to know what an organization’s goals are before you decide to give them money. Ask them what their long-term and short-term goals are, and how they plan on achieving them.
What are the organization’s fundraising priorities?
When it comes to philanthropy, it’s important to know where an organization’s priorities lie. One way to do this is by asking what their fundraising priorities are. This question can help you get a sense of what the organization is looking to achieve and whether or not their goals align with your own. It can also help you understand how your donation will be used and what impact it will have.
What is the organization’s capacity to receive and manage additional funds?
1. How much does the organization currently have in its budget?
2. How much does the organization raise on an annual basis?
3. What are the organization’s long-term financial goals?
4. What is the organization’s capacity to receive and manage additional funds?
5. What are the restrictions on how the organization can use the funds?