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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


(p.86) 9 Key Generalities
The Robin Hood Rules for Smart Giving

Michael M. Weinstein

Ralph M. Bradburd

Columbia University Press

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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