I’m sorry to hear that you are encountering this very issue. I’m curious, did you take the plan that McKinsey put together to some foundations to ask for capacity capital? Did they turn you down? I’d be interested to hear how those conversations went and what held those philanthropists back from investing in such a well-thought out plan.
I hope that you don’t give up trying to raise the capital you need. It may be a question of finding the right philanthropists who can be educated about the transformative power of capacity capital. Good luck!]]>
I couldn’t agree more. We recently completed a business plan with McKinsey & Co. which is, as you know, not a casual endeavor. With the level of diligence and the deep dive into how to build our capacity to increase our impact, I thought we would provide many of the answers philanthropists seek through this process.
We’re finding ourselves still in the same old processes with small grants that fund part of someone’s salary causing us to pretzel twist to fit our goals with the foundation’s desired deliverables and others seeking us to develop new programs and approaches (without full funding) to meet their goals and desires.
We’ve recruited a new development committee chair to actively pursue high net worth individuals for the year-end with hope that this strategy might break us out of the doldrums, but there is definitely a prevailing belief in the philanthropic world that programs are supplicants and foundations are the strategic thinkers and that the number of flaming hoops a grantee jumps through on the way to a grant is an indicator of quality.
Keep up your great work.