Articles by Pamela P. Flaherty
For many years, the Citi Foundation made many small grants. In 2008, we made 2,600 of them, some for just $2,500. They focused on activities accomplished rather than impact and results. Our objective was to disburse grants to as many community-based organizations as our financial resources would allow, with programs in many areas. We realized we needed to focus and set measurable impact targets that reflected sound investment thinking and responsible use of financial resources.