Assessment a challenge for funders

Foundations are doing more than they did a decade ago to assess their performance but still are not satisfied with their ability to measure their impact and want their boards to be more involved in assessment, a new report says.

Nearly 75 percent of 173 CEOs of U.S. foundations awarding at least $5 million in grants a year who responded to a survey by The Center for Effective Philanthropy say assessing foundation effectiveness is among their top priorities.