Executive summary: Funding circles are collaborative networks of philanthropists that improve donor coordination and grantmaking efficiency by sharing information, streamlining applications, and ensuring comprehensive coverage of cause areas.
Key points:
Optimal funding circles typically have 7-14 core members, with potential for additional “outer circle” members, striking a balance between diversity and coordination ability.
Successful circles implement shared application processes, regular member communication, and coordinated due diligence while maintaining independent final funding decisions.
Key success factors include maintaining narrow focus areas, selecting aligned members carefully, and running open application rounds twice yearly.
Common pitfalls include having mismatched members, overly broad focus, or unbalanced funding contributions among members.
Recommended structure includes 2-month grant rounds twice yearly with three coordination calls per round for screening, due diligence, and final decisions.
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Executive summary: Funding circles are collaborative networks of philanthropists that improve donor coordination and grantmaking efficiency by sharing information, streamlining applications, and ensuring comprehensive coverage of cause areas.
Key points:
Optimal funding circles typically have 7-14 core members, with potential for additional “outer circle” members, striking a balance between diversity and coordination ability.
Successful circles implement shared application processes, regular member communication, and coordinated due diligence while maintaining independent final funding decisions.
Key success factors include maintaining narrow focus areas, selecting aligned members carefully, and running open application rounds twice yearly.
Common pitfalls include having mismatched members, overly broad focus, or unbalanced funding contributions among members.
Recommended structure includes 2-month grant rounds twice yearly with three coordination calls per round for screening, due diligence, and final decisions.
This comment was auto-generated by the EA Forum Team. Feel free to point out issues with this summary by replying to the comment, and contact us if you have feedback.