The number one question that private foundations ask themselves is,
“Could we be doing this better?”
The right software can give that question an emphatic “Yes.”
It is one of the most important purchases you can make to drive success and maximize impact. Yet purchasing software is historically done on an as-needed basis rather than with advance planning. Market research shows that the key purchasing factors for private foundations are price and compliance as they aim to keep overhead low and grant dollars high.
The focus on cost savings makes free, or almost free, software appealing to users. Over the past two decades, brands outside of the PhilTech sector have been cross- selling into this specialized space with low-cost offerings that may not maximize philanthropic impact.
Thoughtful foundations that care about making an impact are realizing they need more than repurposed tech solutions. To get there, foundations will hire software consultants, implementation service teams, change management operators, and contract with IT groups. While it’s all with good intentions, more times than not, the result is bloated tech that cobbles together one solution on top of another. In the end, this costly and complex tech stack holds the foundation back rather than freeing them up to move forward.