In Practice: How Foundations Can Compensate Stakeholders for Their Time
If a foundation convenes key stakeholders, including grantees, to inform a project like its strategic plan, should it compensate interviewees for their time and knowledge?
When Lowell Weiss, president of Cascade Philanthropy Advisors, asked his fellow Leap Ambassadors for guidance on requesting nonprofit expertise for a foundation’s benefit, he wanted to dig into implementation. So, he posed a series of questions; this “In Practice” brief provides a summary of ambassadors’ insights on the following questions:
- Money or gift cards? What’s an appropriate amount?
- Where should the money go?
- Should the foundation compensate ALL interviewees or just the nonprofit leaders?