Foundant is taking the steps necessary to help each of you help your communities.
We recognize that through our customers, Foundant plays an important role in the global crisis. Simply put, our clients serve society. Therefore, it is imperative we see our role in these circumstances with a corresponding level of influence, responsibility, and clarity.
We are reaching out to connect and share our commitment to you as you navigate a new reality:
Connecting the data from the start
Foundant has released a new System Question to track funding related to COVID-19 in GLM and SLM. A similar field was added to CommunitySuite to allow tracking of Donor Advised Grants or Grants not run through GLM or SLM.
These fields can be added to the approval process for new grants or used to code grants that have been reclassified. Using this field will allow for consistent data tracking across the sector.
Aggregated, anonymized data using the Support Strategies taxonomy provided by Candid will show where, how much, and for what purpose COVID-19-related funding is distributed. We strongly encourage our clients to add and use this field; however, use of the field is voluntary and strictly opt-in.
Currently, there are close to 300 Foundant clients using the field, more than 7,500 awards to over 6,000 grantees and the total funding amount will likely cross $100 million today. What would those numbers look like if all of our clients running COVID-19 response funds leveraged this field?
It is exciting to see this collective impact, but it’s not just a nice story. Long-term, this data has the ability to act as a reference for how the sector responded to a global pandemic. Reach out to Foundant support, your CSM, or the following links for GLM/SLM or CommunitySuite or to learn more about adding the COVID-19 field.
Coming together as a community
Coffee Talks: Over a year ago we started a program called Coffee Talks to be a vendor-agnostic spot for people who share similar roles to share advice, ask questions, and connect. We will be committing additional resources to this effort. With today’s challenges, the more you connect and share as a sector, the better. If you have ideas for future topics, reach out to Collin Moriarty at firstname.lastname@example.org.
Our upcoming Grants Coffee Talk is focused on COVID-19 Concerns in Grantmaking (Session 4) and will be held this Thursday, April 30th, at 11am PT / 2pm ET. You can learn more or register here >>>
Our upcoming Donor Coffee Talk is focused on COVID-19 Concerns in Donor Management (Session 3) and will be held this Wednesday, April 29th, at 9am PT/12pm ET. You can learn more or register here>>>
Client Community: Compass is up and running with 350 members and 52 discussions so far! If you’d like to join the conversation, visit community.foundant.com to register.
You can now request and earn badges! Each post, response, and badge helps you earn points to becoming a top contributor on our Compass leaderboard.
If you have any questions regarding Compass, please email Kara Adams, Community Manager, at email@example.com.
Sharing and learning together
Foundant has consistently hosted educational webinars on philanthropic topics for a long time now. Our purpose with these has always been to discuss current topics, but with today's challenges, we will look to these as an opportunity to share and learn together.
Webinar: Maintaining Human Connection in a Virtual World - Hear how Foundant is coping as a newly virtual company: how things are going, the technology we are using, the impact it is having on our team, what we are doing to keep the team connected, and any other learnings we have uncovered so far.
Finally, we have been speaking to our partners like PEAK and Philanthropy Northwest about how we can work together to help convene people from the sector. This will be a continued focus for us.
Foundant changes where we work, but not how
To help prevent the spread of the virus and to protect our team, all team members will be working from home until the current crisis is over. Fortunately, we are prepared to do our work virtually. With many remote team members already on staff, we have invested in the technology and platforms to support this effort. We do ask for your patience as our formerly in-office team adjusts to their new working environment and their new work styles.
Our goal is to provide the same level of availability, advice, and attention you have associated with Foundant. We recognize the role each of you plays in helping people adjust, cope, and recover from crises. Foundant remains committed to you through the coming challenges. Additional resources can be found on our COVID-19 Response page as they are created.
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