Funding the Spirit of Collaboration
FS: What are charities expected to collaborate on?
PK: We have three points that we look for. And those are: Is the proposed collaboration going to meaningfully change the way that an organization does business over the long term? It's not one-off fundraising events jointly or that kind of thing, but are really more deep and strategic ways of changing the way they do business. The second is, because it's more strategic in nature, we're expecting that the boards of the organizations who are collaborating would be involved. There would need to be some sort of documented resolution that the boards are aware of and are interested in pursuing the collaborations. And then, lastly, the fund is very much interested in preserving and expanding services. So a collaboration that does that will be absolutely one that we would look at.