Planning for Institutional Development and Developing Budgets and Financial Management Systems
By A. Scott DuPree and David Winder with Cristina Parnetti, Chandni Prasad and Shari Turitz | August 2000 | View Full Text

Abstract

This is a chapter from the Foundation Building Sourcebook: A Practitioners Guide Based on Experience in Africa, Asia and Latin America.

This chapter lays out issues related to strategic planning by the Foundation for Community Development (FDC) and illustrates the development of budgets and financial management systems by the Philippine Business for Social Progress (PBSP). Also explored here is the financial reporting system set up by the Esquel Ecuador Foundation (FEE) for their grantees.

Examples
- Strategic Planning Process: Foundation for Community Development (Mozambique)
- A Financial Planning Package: Philippine Business for Social Progress
- Financial Guidelines and Procedures for Grantees: Esquel Ecuador Foundation

Summary Points
- Having an institutional and financial strategic plan can guide the foundation's development over the long-term.
- Preparing a strategic plan can allow for staff and board to be involved in the process of long-term thinking about the foundation.
- Creating a five year budget plan can help set the parameters for annual budgets.
- Having detailed financial reporting guidelines for grantees can help ensure high standards.

Funding for the Sourcebook was provided by the Charles Stewart Mott Foundation, with additional support from Aga Khan Foundation Canada, the Asia Pacific Philanthropy Consortium, Avina, Inc., the Ford Foundation and the Open Society Institute.

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Foundation-Building & Philanthropic Practices | Governance, Leadership & Boards | Organizational Development & Learning | Foundation-Building & Philanthropy Tools & Sample Documents | Foundation & Philanthropy Case Studies | Africa (Sub-Saharan) | Mozambique | Americas | Ecuador | The Philippines | Southeast Asia