Most conversations on succession planning turn to how to bring on the next generation or whether to sunset the foundation. Eldon and Betts Mayer thought differently. They wondered if their community on an island in Maine would be willing to take on their family foundation. Three years later, the fund has an engaged board of... Read More
For more than 60 years, Foellinger Foundation has provided resources for Allen County, Indiana, residents to increase their self-reliance through grants to nonprofit organizations that directly serve them. But, as our grantees are helping people move from dependence to independence, measuring how they do that, and do it effectively, has often been challenging. To address... Read More
As one who is not far removed from the trials and tribulations of the modern day job search, I know how much an internship can help guide a jobseeker. I can attribute a nonprofit internship in college for guiding me to where I am today. Furthermore, as a Millennial at a small foundation, I yearn... Read More
By Lauren Kotkin, Exponent Philanthropy Foundation trustees gathered last month for our daylong Foundations 101 Seminar, co-hosted by Southeastern Council of Foundations and led by colleague Mary Phillips of GMA Foundations, an Exponent Philanthropy Professional level Sustaining Partner, with support from U.S. Trust philanthropic advisor Mary Stokes and attorney Marc Lane. More than a few points stood out as... Read More
We created the Fund for Shared Insight—a funder collaborative with diverse support from 30 different funders—to increase foundation openness. We believe that if foundations are more open—which we define as how they share about their goals and strategies; make decisions and measure progress; listen and engage in dialogue with others; act on what they hear;... Read More
The term Outsourced Chief Investment Officer (OCIO) has gained popularity in the investment industry as investment consultants, banks, and small wealth management firms are now offering OCIO services to foundations, endowments, and nonprofits. You may be considering this model instead of the self-managed or consultant model used in the past. Below we include the “T”... Read More