In today's climate of accountability, many grantmakers struggle to determine the impact of the activities they support. This report seeks to summarize and make available much of the information from a special member briefing Grantmakers for Education organized to help funders--especially those from foundations with modest budgets--confront this challenge. Held in November 2007, the program provided tools and framework for how funders can make the best use of evaluation to match their objectives and resources. Although the unique learning format of the event and the give-and-take among participants are difficult to capture in a written document, this report was organized to capture key lessons and advice for grantmakers. To help readers navigate the report and to probe topics where they want to learn more, each section of this report opens with a set of key questions to be answered and includes sidebars or text sub-heads to clearly flag suggested advice to grantmakers. (Contains 2 figures.) [The program was designed with the advice of the following grantmakers: Daniel Fallon, Paul Goren, Robert Granger, Ellen Hershey, Tony Lewis, Peter Mich, Robin Steans, and Ruby Takanishi.]