Foundation Center encourages transparency through reporting
October 11, 2012
Through a single project, called Glass Pockets, the Foundation Center is achieving two important goals - making foundations' grant information more transparent and bringing the nonprofit sector into the era of big data. This initiative was publicly launched in 2012, and has since garnered commitments from 15 of the largest foundations in the United States.
These foundations believe that releasing transparent grant information quarterly will promote a highly engaged philanthropic community and can lead to more informed decision making. So far, the Annenberg Foundation, The Atlantic Philanthropies, the Bill & Melinda Gates Foundation, The California Endowment, the Carnegie Corporation of New York and The Energy Foundation have signed up for the Reporting Commitment. They are joined by The Getty Foundation, The William and Flora Hewlett Foundation, The Robert Wood Johnson Foundation, the W.K. Kellogg Foundation (WKKF), the John D. and Catherine T. MacArthur Foundation, The Gordon and Betty Moore Foundation, The David and Lucile Packard Foundation and The Rockefeller Foundation.
"In essence, the Reporting Commitment liberates grant data from the confines of a single foundation and brings knowledge sharing to the fore," said Judith Rodin, president of the Rockefeller Foundation. "This effort - with its emphasis on transparency and collaboration - positions data as a strategic resource within and beyond the philanthropy sector."
Nonprofit organizations that hope to benefit from large grant-giving opportunities can improve their chances of being selected for awards when they use nonprofit financial management
programs. These solutions can generate data-driven reports for various stakeholders.