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The Robin Hood Rules for Smart Giving$
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Michael Weinstein and Ralph Bradburd

Print publication date: 2013

Print ISBN-13: 9780231158367

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231158367.001.0001

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Key Generalities

Key Generalities

Q&A

Chapter:
(p.86) 9 Key Generalities
Source:
The Robin Hood Rules for Smart Giving
Author(s):

Michael M. Weinstein

Ralph M. Bradburd

Publisher:
Columbia University Press
DOI:10.7312/columbia/9780231158367.003.0009

This chapter outlines the key generalities of Relentless Monetization (RM) by answering questions often posed by funders, donors, and nonprofits seeking funders and donors. These questions include: for funders who choose to practice RM, whether benefit/cost ratios are the sole basis for making grants; whether RM tramples donor intent; whether pursuing interventions with high benefit/cost ratios drives funders to specialize—to fund one program type to the exclusion of most others; whether philanthropists would be better served by relying on comparisons of cost-effectiveness, which are far simpler than benefit/cost comparisons; whether estimates obtained by small-bore benefit/cost analysis are accurate; how the Robin Hood Foundation's estimated benefit/cost ratios compare to those found in academic studies of similar kinds of programs; how RM deals with risk; whether benefit/cost estimates are subject to manipulation; and whether RM treats all dollar gains of equal value.

Keywords:   grants, Relentless Monetization, funders, donors, benefit/cost ratios, philanthropists, cost-effectiveness, small-bore benefit/cost analysis, Robin Hood Foundation

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