Money Well Spent by Paul Brest, Hal Harvey
- 1. In 'Money Well Spent: A Strategic Framework for Philanthropy,' authors Paul Brest and Hal Harvey explore the nuanced landscape of charitable giving and effective philanthropy, emphasizing the importance of strategic decision-making in maximizing the impact of donations. The book provides a comprehensive framework for philanthropists, drawing on economic theory and practical examples to illustrate how individuals and organizations can allocate their resources in ways that create significant social change. Brest and Harvey delve into the challenges of measuring impact, the importance of setting clear goals, and the need for rigorous evaluation of philanthropic efforts. They argue that by adopting a more strategic approach, donors can not only enhance the effectiveness of their contributions but also contribute to systemic change in the issues they care about, such as education, environmental sustainability, and poverty alleviation. Ultimately, 'Money Well Spent' serves as a guide for both novice and seasoned philanthropists, encouraging them to think critically about their giving and to approach philanthropy with a mindset that values evidence-based strategies and long-term outcomes.
What framework do the authors propose for effective philanthropy?
A) Corporate Sponsorship Strategy
B) Strategic Philanthropy Framework
C) Emotional Giving Model
D) Random Acts of Kindness Approach
- 2. According to the authors, what should drive philanthropic decisions?
A) Media attention
B) Evidence and measurable outcomes
C) Personal preferences only
D) Popularity of causes
- 3. What role does logic modeling play in their approach?
A) Designing fundraising events
B) Calculating tax deductions
C) Creating donor databases
D) Mapping how activities lead to outcomes
- 4. What do the authors emphasize about measuring impact?
A) Rely on anecdotal evidence
B) Focus only on inputs not outcomes
C) Use rigorous evaluation methods
D) Ignore measurement to save costs
- 5. How should philanthropists approach failure?
A) Learn from it and adapt strategies
B) Ignore it and continue unchanged
C) Blame the recipients
D) Never admit failure publicly
- 6. According to the book, what makes philanthropy strategic?
A) Number of beneficiaries
B) Clear theory of change and evaluation
C) Media coverage
D) Large donation amounts
- 7. What do the authors recommend for donor collaboration?
A) Only fund unique projects
B) Coordinate efforts for greater impact
C) Work independently in isolation
D) Compete with other donors
- 8. What is their perspective on time horizons in philanthropy?
A) Only fund short-term projects
B) One-year maximum for all grants
C) Change strategies monthly
D) Long-term commitment often needed
- 9. According to the book, what ultimately defines 'money well spent'?
A) Getting media recognition
B) Achieving significant, measurable social benefit
C) Making donors feel good
D) Spending the entire budget
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