“Foundations experience the moment at different times,” writes Jed Emerson in the Stanford Social Innovation Review. For the Jessie Smith Noyes Foundation, it was the 1980s; for the F.B. Heron Foundation, the mid-1990s. In both cases, the foundations recognized the division, even conflict, between their investments and their grantmaking. The Jessie Smith Noyes Foundation focuses... Read More
The Rockwell Fund, Inc., a private foundation in Houston, TX, recognized the significant infrastructure needs of local zip code assistance ministries, organizations named for the restrictions they placed on themselves to serve only those within their adjacent zip codes. Although these organizations were providing excellent direct services to the communities, many were lacking the support... Read More
Three Exponent Philanthropy members shared how their foundations were forging ahead during the Great Recession of 2008: Henry Berman, president and trustee, The Edith Glick Shoolman Children’s Foundation, New York and Massachusetts; Billie Hall, president and CEO, Sunflower Foundation, Kansas; and Mari Brennan Barrera, vice president, Eos Foundation, Massachusetts. Where do you find energy and... Read More
Last summer, I read Three Cups of Tea, by Greg Mortenson and David Oliver Relin, having bought my copy in a New Hampshire bookstore, where the owner just happened to mention, “This book should be in the hands of every high school student in New Hampshire.” Halfway through the book, I understood what she meant... Read More
When should a foundation rescind a grant? How is the rescission accomplished? The obvious answer to the first question is that a funder should rescind a grant when the grantee fails to use the grant funds for the purposes for which the grant was made. Most commonly, such failure is because the grantee’s need for... Read More
My husband and I created The O’Grady Foundation and, after some trial and error, agreed to focus our funding on the arts in our New York City area. Although we support several major arts and cultural institutions in our region, we concentrate our efforts on smaller institutions with annual budgets of $3 million or less.... Read More