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The Foundation Center has announced the launch of Glasspockets.org, a Web site designed to promote and facilitate greater openness and transparency among private foundations.

They have some pretty powerful partners -- the Center for Effective Philanthropy, the Communications Network, the Global Philanthropy Forum, Grantmakers for Effective Organizations, and the One World Trust in London.

The idea is for foundations to actually report to the public about the things that happen when you fund social change -- successes and failures!  And here is the other good news: It has facts about all 97,000 U.S. foundations, illustrations of philanthropy's impact on important issues, and information how  foundations are striving to become more transparent.

They also have a twitter feed, a place to highlight foundations using social media; and a Who Has Glass Pockets? section that offers at-a-glance profiles of foundations' online communication practices according to information they make public regarding their governance, finances, grantmaking processes, and performance metrics.

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