Whether there’s a shift in societal norms, urgent community needs, a humanitarian crisis, a natural disaster, or a pandemic, today’s changing environment reminds givers of the importance of a philanthropy refresh by assessing their strategy and grantmaking priorities. To help take stock of your charitable giving, it’s important to start by asking four key questions:

  1. What has changed in the foundation’s target funding community?
  2. What is needed to address the new landscape?
  3. Does the foundation have what it needs in its philanthropic toolbox to respond to these evolving community needs?
  4. To what extent is the foundation able and willing to incorporate new activities into its work?

Addressing these questions can help donors delve into the conditions that may call for change and what to do in the face of these circumstances with a refreshed point of view. To put this into practice, let’s look at some of the ways to take inventory in a changing environment.