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Philanthropists Need Better Information, Hewlett President Says in Annual Statement |
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From William and Flora Hewlett Foundation: Philanthropists would benefit from the development of an online "marketplace" of information to help them make more informed decisions about which organizations to support, the president of The William and Flora Hewlett Foundation said in an essay accompanying the Foundation's 2006 annual report, which was released this week. Likening such a marketplace to the robust financial information available to private investors, Hewlett President Paul Brest said the creation of such online sites to provide accurate information about nonprofit organizations' finances, strategies and accomplishments ultimately would help the best of them get the most support, increasing the effectiveness of philanthropy in solving problems. The Hewlett Foundation works to develop exactly these types of resources as a part of its Philanthropy Program, which makes grants to improve the practice of philanthropy. The Foundation concentrates its resources on activities in education, the environment, global development, performing arts, philanthropy and population, and makes grants to support disadvantaged communities in the San Francisco Bay Area.
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