Open Road Alliance Joins GlassPockets
Meet Our New GlassPockets Foundation: An Interview with Maya Winkelstein, Executive Director, Open Road Alliance
This post is part of our "Road to 100 & Beyond" series, in which we are featuring the foundations that have helped GlassPockets reach the milestone of 100 published profiles by publicly participating in the "Who Has GlassPockets?" self-assessment. This blog series highlights reflections on why transparency is important, how openness evolves inside foundations over time, helpful examples, and lessons learned.
Open Road Alliance (ORA) is a private philanthropic initiative that serves the social sector by keeping impact on track in an unpredictable world. Open Road was founded in 2012 by psychologist and philanthropist Dr. Laurie Michaels to address the need for contingency funds and the absence of risk management practices in philanthropy. ORA provides both short- and long-term solutions to unexpected challenges that arise during project implementation, so that impact and finite resources can be maximized across the social sector. To meet immediate needs, ORA offers fast, flexible funding to nonprofits and social enterprises facing discrete, unexpected roadblocks during project implementation.
In addition to its investment portfolio, Open Road promotes the long-term, sector-wide adoption of better risk management practices. In collaboration with peers, ORA conducts research, develops tools, and generates data on approaches to financial and non-financial risk management.
Open Road Alliance is among our newest GlassPockets participants. Maya Winkelstein, executive director, explains why transparency is central to its philanthropic efforts.
GlassPockets: As a donor-advised fund (DAF), Open Road is voluntarily being more transparent than what's required, so why are you prioritizing transparency? Is it part of your strategy?
Maya Winkelstein: Transparency is key to our investment strategy and to our mission of Keeping Impact on Track. We believe that honest, transparent conversations - particularly in the donor-grantee relationship - are critical to mitigating risk and preserving impact.
As for being a DAF, we chose that structure because it’s very flexible and keeps our administrative costs down - meaning we can put more of our assets directly into our grant and loan portfolios. We’re focused on impact, the rest is just logistics!
GP: We often hear concerns that transparency takes a lot of time and resources, so it's really more relevant for large foundations. Why would you say transparency and openness should be a priority for even foundations comprised of a small team? How have you benefited from your efforts to open up your work?
MW: We believe in a customer service approach to philanthropy where our customers are
our grantees and potential grantees. This ethos is embodied in our customer service credo which outlines how we do business. We exist to serve them, not the other way around. I think this is how philanthropy should be -- no matter the size of your organization. Given this core ethos, it would be impossible for us to provide “good service” without transparency and honesty. That’s what makes it a priority for us.
We have also found that integrating transparency into our criteria, our decision-making process, timelines, expectations, and definitions of impact makes for more effective partnerships. Being honest accelerates relationship development and given that the organizations we work with are coming to us with a challenge laid bare, there’s a built in requirement and responsibility for mutual transparency and candor. It’s an invaluable piece of the Open Road puzzle.
GP: How did the GlassPockets self-assessment process help you improve or better understand your organization's level of transparency, and why should your peers participate?
MW: We are grateful to have the opportunity to participate in GlassPockets. Not only so that peers and partners have insight into Open Road, but the process afforded us the opportunity to evaluate how accessible we are to potential applicants or peers seeking resources. It has inspired us to include more ways to engage with Open Road on our contact page, and to highlight feedback received and how to give us feedback, by providing a link to our profile on GrantAdvisor.
GP: Feedback mechanisms are often something that foundations struggle with. Open Road Alliance has been able to provide such a mechanism by becoming an early adopter of GrantAdvisor, an open platform where grantees and applicants can anonymously review your foundation. Why is this important and what have you learned from your participation?
MW: We’re big fans of GrantAdvisor, and I’ve been lucky enough to serve as a member of their National Leadership Panel for three years. I think it’s a platform that’s long overdue. It’s important to us because anonymous feedback is honest feedback. GrantAdvisor.org offers the opportunity to hear directly from our most important stakeholders (i.e. grantees).
As an ED, I also use it as a management tool. I regularly check recent reviews to see how our investment team is doing - if we are living up to our customer service credo. If we get a bad review or critical feedback, we use that to have a conversation internally and assess if we need to make a change. Every enterprise needs unfettered feedback from its customers. GrantAdvisor gives us that.
GP: Since ideally, transparency is always evolving and there is always more that can be shared, what are some of your hopes for how Open Road Alliance will continue to open up its work in new ways in the future?
MW: As a small team we don’t always have the bandwidth to report on our impact. We’re currently in the process of hiring a data scientist who will be instrumental in analyzing our portfolio, the impact we’ve had on individual projects and the sector, and, frankly, what we could be doing better. With increased capacity, we’re looking forward to sharing that data more regularly!