Youth in Philanthropy: The grantmaking role
Community foundation youth advisory councils (YACs) generally operate as a committee of their foundation, and work to the roles and practices outlined in the CFC document Explorations: Principles for Community Foundations.
These roles include:
- Fund development
- Grantmaking
- Community leadership
"Many would agree that grantmaking is the most important activity of community foundations - it is certainly the most visible aspect of our work in the community.
"When we practice effective and imaginative grantmaking, we have the potential to impact our community in profound ways - building its capacity, creating learning opportunities, leveraging resources and enabling important, sometimes groundbreaking work.
"Good grantmaking also attracts new donors and stimulates the growth of endowment and other types of funds."
Explorations: Principles for Community Foundations, CFC
Although all three roles are important and dependant on each other, grantmaking is at the heart of what YACs are all about.
Good grantmaking is a comprehensive process that includes:
- understanding the community
- identifying priorities
- developing grant guidelines and application procedures
- soliciting and assessing grant proposals
- awarding grants
- monitoring funded projects
- evaluating the impact of grants on the community
- communicating results.
Many different approaches and tools are used in grantmaking, and every YAC will determine what is most suitable to their own council, community foundation and local area. But the best grantmakers will regularly evaluate their own activities, and make a commitment to continuous learning and improvement.