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How can donors and grantees work together to create effective monitoring, evaluation, and learning (MEL) practices that drive field-wide transformation? The Open Society Foundation’s Fiscal Governance Program found success by focusing on six key approaches, including empowering grantees and relinquishing power. In 2021, an external close-out evaluation by Intention to Impact of the program (which ran for 7 years and gave over $150 million in grants) revealed something pretty remarkable—the program’s deliberate focus on strengthening field-wide monitoring, evaluation, and learning practices was a success. Substantial capacity increases were observed across key institutions and grantees, new complexity-sensitive practices and methods were being actively championed and deployed, and a growing community of better-connected practitioners were exchanging tips and tricks on how to apply smart, context-specific MEL across fiscal governance issues. What’s more, in this evaluation, most grantees gave high praise to these efforts. So, how did this come about? We detail the six different approaches we used in our new publication Setting new standards for better MEL: Lessons for funders and grantees. The approaches range from checking power dynamics to growing skills for evaluative thinking and seeding peer learning and field-wide research. The publication is paired with a toolkit and showcases resources we used and iterated on across the various approaches.