As different as foundations can be from one another, they all share the need to know what works and, especially, what works well. The more foundations can show how their grants are making a difference, the more value they can bring to their communities.
To know what works, foundations must evaluate their grants. Evaluation has many benefits. It helps the foundation assess the quality or impact of funded programs, plan and implement new programs, make future grant decisions, and demonstrate accountability to the public trust.