Grantwell was founded in 2008 at Brigham Young University to address the joint needs of community donors, graduate students, and the Romney Institute. Graduate students needed real-world experiences, community donors needed fresh advice on practical giving solutions, and the Romney Institute wanted to increase in name-recognition and positive community relationships. With a board of directors and executive team composed of students, Grantwell gives students the opportunity to be leaders in the public and social sector, and allows them to work with real nonprofits and foundations to gain valuable experience. Since Grantwell’s foundation, the program has given hundreds of students practical experience and has consulted on millions of dollars worth of grant allocation.
Grantwell is a student-run, faculty-advised consulting program. Through Grantwell, graduate students advise large donors in various aspects of their giving. The program gives students a chance to apply the non-profit management expertise they learn in the classroom to real-world projects.
The heart of the Grantwell experience comes from large donors, individuals, and organizations in the community. These clients set aside grant making research, evaluation, or strategy projects for the student teams to undertake. Internally, students work in a mode similar to a foundation with a small staff, including executive staff, program officers and assistants, and a board of directors. Externally, students work in a consultative role, delivering thoroughly professional results and recommendations to the donor clients.
Vision, Mission, and Values
Our Vision, Mission, and Values are essential in helping us achieve our goal to pre-pare future nonprofit foundation leaders. Grantwell is paving the way for a new generation of effective, professional, competent and passionate nonprofit professionals in the future.
Grantwell aims to become the premier graduate-level experience for training future nonprofit leaders through philanthropy.
Our mission is three-fold:
1. Students: To provide graduate students an opportunity to apply classroom knowledge of nonprofit management in a student-run, faculty-advised, real-world environment.
2. Romney Institute: To enhance the Romney Institute’s nonprofit curriculum by creating practical experiences that integrate with classroom learning.
3. Community: To represent the interests of donors and foster relationships by advising meaningful giving to worthy purposes.
1. Professionalism: Grantwell members demonstrate high quality in all of our work. Professionalism characterizes our projects, our interactions with clients and with each other, and the way we represent the Romney Institute of Pub-lic Management. We value the way a professional environment prepares stu-dents as future leaders in the nonprofit field.
2. Stewardship: Grantwell members work as stewards on behalf of our clients. Wise stewardship requires transparency, dedication, integrity, and thorough-ness in all of our work. Grantwell members also value the resources provided by the Romney Institute and use them to promote Grantwell’s mission.
3. Teamwork: Grantwell is one large team. We succeed as our groups and individuals collaborate, using everyone’s strengths. We excel by praising every accomplishment and working together toward a common vision. Grantwell’s culture and energy depend on our being one team.
4. Innovation: Grantwell members gain leadership skills and abilities through challenging and innovative projects. Members use knowledge learned in the classroom and find interesting and unconventional ways to solve diverse grantmaking challenges.
1. Grant Allocation: Grant Allocation teams evaluate grant proposals, select the best project, and present findings to the foundation donating the funds. The allocation process includes conducting financial analysis and rating project’s’ potential impact based on the values and mission of the foundation.
2. Strategy: Strategy teams work as consultants for nonprofits, helping them to develop programs and processes that better fulfill the mission of the organization.
3. Evaluation: Evaluation teams perform efficiency and effectiveness assessments, using quantitative and qualitative data to measure how well programs and activities are achieving the desired results.