Paul Brest and Hal Harvey write about the second edition of their book, Money Well Spent.

They note that a successful strategic philanthropy strategy must have five elements:

1. Clearly defined goals
2. Evidence-informed plans for achieving them
3. Capacity to implement the strategy
4. Provisions for monitoring progress in order to make appropriate course corrections, and
5. Provisions for evaluating ultimate success

They also emphasize that “effective strategic philanthropy accords great respect to the expertise and autonomy of grantee organizations as well as their shared beneficiaries.”