The Robin Hood Rules for Smart Giving

Michael Weinstein, Ralph Bradburd

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Hardback

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English

Columbia University Press
14 May 2013

Charities, voluntary services & philanthropy; Budgeting & financial management; Non-profitmaking organisations

"The Robin Hood Foundation is a charitable organization focused on alleviating poverty in New York City. Michael M. Weinstein is the foundation's senior vice president. In that role he developed its metrics-based approach, called ""relentless monetization,"" to ensure that the money the foundation receives and grants is used most effectively. Ralph M. Bradburd has served as long-time consultant to Robin Hood on matters of metrics.

In this book Weinstein and Bradburd show how to implement the Robin Hood approach and explain how any nonprofit organizations or philanthropic donor can use it to achieve the greatest benefit from every philanthropic dollar. Drawing on their extensive knowledge, the authors devote specific chapters to the difficulties most frequently encountered by donors trying to measure the benefits of their initiatives.. This book provides straightforward, targeted advice for funding ""smart"" nonprofit programs."

By: Michael Weinstein, Ralph Bradburd
Imprint: Columbia University Press
Country of Publication: United States
Dimensions: Height: 229mm, Width: 152mm, Spine: 23mm
Weight: 411g
ISBN: 9780231158367
ISBN 10: 023115836X
Pages: 176
Publication Date: 14 May 2013
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Active

Preface 1. Overview of Relentless Monetization 2. Translating Mission Into Mission-Relevant Outcomes 3. Basics of Monetizing Outcomes 4. Those Pesky Counterfactuals 5. The Meaning of Present Discounted Values 6. Examples of Metrics by Outcome 7. Examples of Metrics by Grant: Multi-Outcome Interventions 8. Completing the Analytical Traverse: Small-Bore Benefit/Cost Analysis 9. Key Generalities: Q&A 10. Six Purposes 11. Prominent Metrics Systems 12. Reflections on Risk 13. Conclusion Appendix A: Counterfactual Complications: Shared Responsibility Appendix B: Choices Between More and Less Risky Initiatives Appendix C: Calculating a Program's Expected Well-being Impact Notes Index

Michael M. Weinstein is the senior vice president of The Robin Hood Foundation and holds a Ph.D. in economics from the Massachusetts Institute of Technology. He served on the editorial board of The New York Times and as its economics columnist during the 1990s. He was the founding director of the Greenberg Center for Geoeconomic Studies while holding the Paul A. Volcker Chair in International Economics at the Council on Foreign Relations. He is president and founder of W.A.D. Financial Counseling, Inc., a nonprofit foundation providing free financial counseling to poor families. Ralph M. Bradburd is professor of economics and the David A. Wells Professor of Political Economy at Williams College. He has served as a consultant for international organizations such as the World Bank and USAID, HHS, the Federal Trade Commission, other U.S. federal and state-level government agencies, and the nonprofit Robin Hood Foundation. He is the incoming chair of the Environmental Studies Program at Williams College.

Reviews for The Robin Hood Rules for Smart Giving

The Robin Hood Rules for Smart Giving is a must read for all 'do-gooders,' including the donors who give money and the nonprofits that spend it. The authors have a marvelous way of conveying complex concepts in simple English, including one of the best explanations of benefit-cost analysis that I have ever read. This book is a true gem. -- Sheldon Danziger, University of Michigan The Robin Hood Rules for Smart Giving takes relentless monetization to its utmost limits in a relentlessly smart, subtle, and readable manner. Even philanthropists hesitant to go the whole way will find their judgment greatly improved by the book's rigorous analysis. -- Paul Brest, Stanford University, former president, William and Flora Hewlett Foundation, and co-author, Money Well Spent: A Strategic Plan for Smart Philanthropy Drawing on the experience of New York's Robin Hood Foundation, Michael Weinstein and Ralph Bradburd show how using the smart economics of cost-benefit analysis can allow social sector leaders to measure the effectiveness of their projects and make choices with their limited resources. The Robin Hood Rules for Smart Giving is a must read for those leaders and for active board members and donors. -- Glenn Hubbard, Dean and Russell L. Carson Professor of Finance and Economics, Columbia Business School Building on the Robin Hood Foundation's rigorous analysis and industry-leading work, The Robin Hood Rules for Smart Giving is a critical contribution to philanthropy. It provides a data-driven framework so that we can ensure our good intentions translate into great impact. This book raises the bar for how we make our giving decisions and encourages us all to make the most of what we have to give! -- Laura Arrillaga-Andreessen, Founder and Chairman, Stanford Center on Philanthropy and Civil Society, and author of Giving 2.0: Transform Your Giving and Our World This is a great book for both non-profit funders and non-profit leaders. The book's relentless monetization concept -- if widely deployed -- would dramatically boost the impact of the independent sector. Now let's get right to work and act on this great advice. -- Mark Tercek, President and CEO of the Nature Conservancy and author of Nature's Fortune: How Business and Society Thrive by Investing in Nature

Commended for Axiom Business Book Awards (Philanthropy/Nonprofit) 2014
Runner-up for Axiom Business Book Award for Philanthropy / Nonprofit / Sustainability 2014
Runner-up for Axiom Business Book Silver Award for Philanthropy / Nonprofit / Sustainability 2014