Funders are often described—and describe themselves—as being able to take risks that neither the private sector nor the government can or will take. However, no industry standard currently exists for defining, assessing, and managing risk in philanthropy. Few grantmakers assess risk during the application process and even fewer have processes in place to manage risks to impact after a grant is made. Without being aware of the parameters of risk, one can’t adequately plan or manage risk, let alone take the risk. This is even more salient for leanly staffed funders who must leverage their resources for impact.
In this webinar, Maya Winkelstein, Executive Director of Open Road Alliance, will share a framework for leanly staffed funders to consider “risk” in their grantmaking. Drawing from the latest data and research on risk management as well as Open Road’s own portfolio analysis of 100+ investments, Maya will share insights on “what goes wrong” in the social sector and what can be done to mitigate those risks. She will also share highlights from the Risk Management for Philanthropy Toolkit, which offers practical tools that can be adapted and adopted by funders of any size.
This webinar will encourage thoughtful consideration of risks to impact so that funders can make fully informed decisions about what risks they are willing to take and how to manage those risks – increasing the probability of successful grantmaking activities.
Executive Director, Open Road Alliance
Maya Winkelstein is Executive Director of Open Road Alliance where she is responsible for the organization’s overall investment strategy including finding new ways to deploy capital to achieve maximum social returns. Winkelstein has worked with Open Road since the organization’s inception in 2012.
Who Should Attend
This program is open to foundation donors, trustees, and staff; individual donors; donor advised fund holders; and members of giving circles.
Complimentary for Exponent Philanthropy members / $40 non-members
Since there is a fee for this program that is payable to our colleagues at Exponent Philanthropy, a member of GWP staff will follow up with you after you complete registration on GWP's website to help you complete your registration and payment for this webinar.