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October 11, 2012 at 06:35 AM
Fifteen of the largest U.S. foundations have joined Foundation Center in an effort to increase philanthropic transparency worldwide.
The foundations have formally agreed to release their grant information in a consistent, open and frequent manner in the belief that doing so is critical to effective collaboration, strategic decision-making and a more engaged philanthropy sector, the Foundation Center announced Tuesday.
Grant information, which will be reported at least quarterly by each foundation, will be available on the center’s Glasspockets.org website. Data from the participating foundations will be presented in a machine-readable open format and coded to an open geographic standard known as GeoTree.
An interactive map of the data—also available on Glasspockets.org—will allow viewers to see at a glance the national and global reach of America’s largest foundations.
