Should Donors Fund Projects or Give General Operating Support?

Brest's most recent work, the book Money Well Spent, co-authored with Hal Harvey, former director of Hewlett's Environmental Program and current CEO of ClimateWorks, is an exploration of strategic philanthropy. Here, Brest uses examples from the Foundation's 2008 grantmaking to explore the ways funders might think about the nature of their support to nonprofits to maximize impact. In the end, writes Brest, "Funders would do well to follow the clichéd adage: the right tool for the right job."