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The Fund's emphasis on performance assessment derives from its belief that value-added foundations must necessarily be learning organizations. In other words, to add value to the work the foundation supports, the Fund's directors and staff must constantly examine the effectiveness of their strategies, systems, and processes and pay close attention to the environment in which the foundation and its programs and grantees operate. While the Fund is committed to the public disclosure of its activities, products, and accomplishments, its performance assessments are designed principally to assist the foundation's own managers, directors, and advisers.
The Fund employs six performance assessment mechanisms:
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Currently under development is a seventh method-a performance "scorecard" that encompasses measures of the foundation's financial performance, the value of its work to audiences, internal processes, and human resource capacity.
Each technique produces useful information, but the more compelling lessons are drawn from the general trends and patterns that the various approaches reveal. We have therefore distilled the findings from our different assessments into a set of principles that guide the Fund's grantmaking.
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