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.
"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. This book is a true gem." — Sheldon Danziger, University of Michigan
"The Robin Hood Rules for Smart Giving takes relentless monetization to its 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, former president, William and Flora Hewlett Foundation, and coauthor of Money Well Spent: A Strategic Plan for Smart Philanthropy
"Michael M. Weinstein and Ralph M. 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. This is a must read for those leaders and active board members and donors." — Glenn Hubbard, Columbia Business School
"This book is a critical contribution to philanthropy. It provides a data-driven framework so we can ensure that our good intentions translate into great impact, and it raises the bar for how we make our giving decisions, encouraging us all to make the most of what we have to give!" — Laura Arrillaga-Andreessen, founder and chairman of the 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 nonprofit funders and nonprofit leaders. Its 'relentless monetization' concept -- if widely deployed -- would dramatically boost the impact of the independent sector. Now let's get 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
Read the chapter "Overview of Relentless Monetization" (to view in full screen, click on icon in bottom right-hand corner)