The most effective funders are those who have learned how to pursue and cultivate genuine relationships in spite of the pressures and difficulties that are always there. It is hard work and requires honest communication and trust, but makes for productive grants long term. Marty Moore at the Moore Foundation in Indianapolis has worked with numerous organizations in this way. One who prizes accountability for both the giver and the grantee by being clear about expectations up front and having regular reviews. We've all heard about one way accountability where the ministry is accountable to the funder but there is an increasing number of funders who believe two way accountability is even healthier.
Nothing is more valuable than consistent communication and reporting between funders and ministries.
Ron Williams at Cornerstone Trust is a great example of staying in touch and being clear about expectations. One who is focused and works to get good at a few things. The best and most respected funders develop a particular competency for which they are known. They do not try to be competent in everything. They develop a reputation for being a great resource for other foundations as well.