Ability Quote by Steven Levitt
“The major challenge facing most foundations is that they are risk averse. This inhibits their ability to experiment and commit to the experimentation and innovation process.”
About This Quote
Source Speech: TED Talk on Philanthropy, 2015
Foundations often avoid risk, limiting experimentation and innovation in their work.
In simple terms: Risk aversion blocks foundation innovation.
Key Takeaway
Encourage calculated risk taking.
Themes
philanthropy
innovation
risk management
Mood
cautious
optimistic
Type
advisory
strategic
When to use this quote
- grantmaking
- program design
- pilot projects
- impact evaluation
Key Concepts
behavioral economics
organizational culture
Questions to Reflect On
- How can foundations balance risk and accountability?
- What incentives promote experimentation?
A Different Perspective
Risk aversion may lead to wasted resources if not managed.
