One of the questions that should keep any funder awake at night is: are we doing the best that can be done with the money?
Answering this naturally leads any funder to ask how do we measure our success?
On one level they can obviously reflect on the work of the projects they fund or partner with. After all, a core measure of success is what happens with the money. But in a wider sense, funders work in different ways and so to understand their effectiveness there has to be an understanding of the strengths or weaknesses of their funding model. For example, are they all about supporting the continuation of work by existing organisations? Or are they an early stage investor who tries to get new ideas off the ground? In this case, how do you measure success when you're starting up new projects? more >