Money Well Spent by Paul Brest, Hal Harvey - Exam
- 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) Strategic Philanthropy Framework
B) Emotional Giving Model
C) Random Acts of Kindness Approach
D) Corporate Sponsorship Strategy
- 2. According to the authors, what should drive philanthropic decisions?
A) Evidence and measurable outcomes
B) Media attention
C) Personal preferences only
D) Popularity of causes
- 3. What role does logic modeling play in their approach?
A) Designing fundraising events
B) Mapping how activities lead to outcomes
C) Creating donor databases
D) Calculating tax deductions
- 4. What do the authors emphasize about measuring impact?
A) Focus only on inputs not outcomes
B) Use rigorous evaluation methods
C) Ignore measurement to save costs
D) Rely on anecdotal evidence
- 5. How should philanthropists approach failure?
A) Learn from it and adapt strategies
B) Never admit failure publicly
C) Blame the recipients
D) Ignore it and continue unchanged
- 6. According to the book, what makes philanthropy strategic?
A) Large donation amounts
B) Media coverage
C) Number of beneficiaries
D) Clear theory of change and evaluation
- 7. What do the authors recommend for donor collaboration?
A) Work independently in isolation
B) Only fund unique projects
C) Coordinate efforts for greater impact
D) Compete with other donors
- 8. What is their perspective on time horizons in philanthropy?
A) One-year maximum for all grants
B) Long-term commitment often needed
C) Change strategies monthly
D) Only fund short-term projects
- 9. According to the book, what ultimately defines 'money well spent'?
A) Spending the entire budget
B) Making donors feel good
C) Getting media recognition
D) Achieving significant, measurable social benefit
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