Friday, January 11, 2013

"Catalytic" Philanthropy

I want to update you on the Sisters of Charity Foundation of South Carolina's grantmaking implementation plan for 2013 which is the next phase of the Catalytic Philanthropy strategy.

The term “Catalytic” philanthropy refers to the opportunity for Foundation grants to become more intentional and more focused thereby having greater impact in our communities around the state. With great excitement, we have begun the next phase of our Catalytic philanthropy implementation strategy.

After 16 years of grantmaking, in 2011 the Foundation transitioned from Responsive Grantmaking to Strategic Grantmaking with the support of the Foundation’s Grants Committee. This transition was made to insure that going forward, the Foundation would have greater impact with the grant dollars we are investing.

Over time, we have learned that with limited resources for grants, it is extremely difficult and often unproductive to take too broad of an approach in awarding grants. In essence, we cannot be “all things to all people” and also have substantive impact. Looking back over the old responsive program, we were rejecting more than 80% of the applicants because they either did not meet our mission/focus or their programs/applications were too weak. This further justified the importance of the Carolina Academy and capacity building emphasis. The 2012 strategic grants were different. Our review team and the Grants Committee looked not only for good programs but for programs that have broader community impact, a strategy for partnerships, a viable sustainability plan, and have the ability to affect long term change.

In 2013, it is clear that the Foundation will have to be more focused than ever before. With limited dollars we will be better served to focus our efforts on current and/or past grantees that have demonstrated measurable success already. By investing more deeply and for a longer period of time on this identified pool of grantees that align with the Foundation's strategic direction, we can build on the investments we have already made. Doing so would allow the Foundation to make impactful strides in meeting goal three of our strategic plan: To sharpen the focus of our grantmaking to organizations that create opportunities for families to live out of poverty in South Carolina.

This year, our pool for consideration will be from current and/or past grantees that have demonstrated success through the Foundation’s investment. Following discussion with each of them and a completed organizational summary update, we will bring the best organizations forward for funding. These organizations will be positioned to move their programs to a greater level of measurable success. Moreover, the Foundation's investment will further strengthen the grantees capacity, support their strategic direction, connect them with other potential partners, foster sustainability, and position them for growth and success. The beauty of this change in direction is that the Foundation can be dynamic and flexible while learning valuable lessons that will have significant future benefit. 

This plan, for now, is for 2013 and the Grants Committee will re-visit this Strategic Grants program late next year to assess the process and determine how to proceed going forward.

 Our Caritas Grants will remain open and the Foundation expects to award 50-60 grants in this category next year.

We thank you for your interest in the work of the Sisters of Charity Foundation of South Carolina. We are excited about another fulfilling year as we continue to meet the Mission of the Sisters.

Thank you.


Tom Keith, President