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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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PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 01 April 2020

Overview of Relentless Monetization

Overview of Relentless Monetization

Chapter:
(p.1) 1 Overview of Relentless Monetization
Source:
The Robin Hood Rules for Smart Giving
Author(s):

Michael M. Weinstein

Ralph M. Bradburd

Publisher:
Columbia University Press
DOI:10.7312/columbia/9780231158367.003.0001

This book proposes a framework by which to make smart philanthropic decisions. Philanthropic decisions refer to decisions driven by a mission other than the maximization of personal profit. Smart means achieving philanthropic goals to the maximum extent possible with whatever money is available. The framework is called Relentless Monetization (RM), which methodically applies benefit/cost analysis to the task of making effective philanthropic choices. To demonstrate how widely applicable the RM framework can be in practice, and whether it can guide real-time philanthropic decisions in smart directions, the book focuses on the actual practices of the Robin Hood Foundation, a nonprofit organization that makes grants available of about $120 million a year to community-based organizations in New York City to alleviate poverty. In this introduction, the seven steps that define RM are outlined and the full dimension of RM's smart philanthropy is explained.

Keywords:   philanthropic decisions, Relentless Monetization, benefit/cost analysis, Robin Hood Foundation, nonprofit organization, grants, New York City, poverty, smart philanthropy

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