Fundraising is a challenge even for the best resourced think tanks. As foreign donors begin to withdraw, think tanks in developing countries will have to think harder about reaching out to new domestic funders. Here is some advice.
Posts tagged ‘funding’
Are all think tanks non-for-profits? It seems that many think tanks in Hungary are for-profit companies that look, talk, walk like think tanks. Should their legal status make a difference on whether they get funding or not? Should donors just accept that difference is the rule?
Hans Gutbrod analyses how 20 leading US think tanks have developed over 2012. Seven of them are doing very well, while four of them are not exactly comfortable, at least not in financial terms. Analysis and detailed spreadsheet available.
The Politics & Ideas think net has produced a Topic Guide that covers some of the most important issues on the subject: where ideas come from, funding, the politics of evidence, etc. This is an invitation to add your views and resources: make it your Guide.
Supporting think tanks series: From core and institutional support to organizational development grants
The Think Tank Fund is changing the way it supports think tanks. Its new strategy will encourage a more mature relationship with its grantees, make it easier to monitor progress, and provide the necessary incentives for think tanks to take their own development seriously. Goran Buldioski, its director, outlines the new model.
Foreign funders need proof of their grantees' influence because they do not know enough about their political contexts. If think tank funders were less like risk-adverse tourist and more like local politically engaged citizens they would not demand impact evaluations and complicated indicators of influence. But to avoid this, funding needs to be local.
Think tanks are too passive when it comes to the design of initiatives intended to support them. Funders and contractors treat them as recipients of Aid and think tanks let this happen. Instead, they should take the initiative and improve their negotiation position by developing, in collaboration with others, their own support plans.
In this week's Managing Think Tanks chapter, we focus on the importance of think tanks having an understanding of its costs, and control and accountability of its use of sponsor funding. Two methods are outlined for including indirect costs into project cost allocation.